The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 1.4840 level will cause an ascendant wave structure to form.
Trading idea:
Buy when level 1.4840 is breached.
Stop-loss: 1.4750.
Target levels: 1.4940; 1.5150.
Oil prices slid today as recession concerns outweighed tight global supply. Brent crude futures dropped 0.7%, and WTI crude futures fell 0.9%.
Key tickers:
Brent: 106.03 — strong sell.
WTI: 98.59 — strong sell.
NG: 7.703 — sell.
The euro rebounded today as Russia is …
Gold did not form any significant movement during yesterday's trading, as it moves within a narrow sideways path around the 20 EMA.
In general, the bearish path is likely during today's trading, provided that trading remains below the 1710.00 level due to the negative impact of the stochastic indicator. Therefore, …
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