#FB
The 159.09 support level is holding back the sellers. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator is signaling oversold. A "hammer" reversal pattern has been formed on the daily timeframe.
Trading idea:
Buy on a breakout of 161.46.
Stop-loss under the support level 154.09. …
The general trend is downtrending. The ascending wave structure is truncated. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.
Stop-loss under …
Oil prices rose more than $1 today, buoyed by improved risk appetite. Brent crude futures rose 1.1%, and WTI crude futures rose 1.3%.
Key tickers:
Brent: 103.19 — strong buy.
WTI: 98.81 — strong buy.
NG: 8.559 — strong sell.
The U.S. dollar dropped to a …
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