The support level of 83.44 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. The Awesome Oscillator indicator has bullish divergence. An entry point "on the pullback B" is formed.
Trading idea:
Buy on the formation of an upward wave …
Oil prices rose today as supply concerns triggered a bounce from multi-month lows. Brent crude futures rose 0.1%, and WTI crude futures rose 0.2%.
Key tickers:
Brent: 96.27 — strong sell.
WTI: 90.41 — strong sell.
NG: 8.277 — сильный тренд на покупку.
The U.S. …
Gold prices returned to stability above the 1770.00 resistance after yesterday's correction. Thus, we maintain the bullish scenario, which will likely push the price to retest the 1783.00 resistance level again. But in general, we remain in anticipation for the US data that will be released tomorrow, Friday, which will …
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