The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 0.8933.
Target levels: 0.8820; …
Oil prices rose today after previous declines amid tight supply and political tensions. Brent crude futures rose 1.6%, and WTI crude futures rose 1.5%.
Key tickers:
Brent: 104.29 — neutral.
WTI: 96.70 — strong sell.
NG: 7.826 — sell.
The U.S. dollar was down today …
Gold managed to breach the support level of 1700.00, ending the sideways path it was moving within. Therefore, the way becomes open to test the main support level 1680.00, provided it remains below 1700.00.
In general, we continue to suggest the bearish path due to the negative pressure of the …
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