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Trading idea for Glencore PLC (LSE)


#GLEN

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches the inclined channel of the descendant truncated structure.

Stop-loss: 3.9560.

Target levels: 4.4300; …

EUR/USD currency pair analysis


The trend is descendant. The currency pair is traded between 365 and 135 EMA. 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 structure.

Stop-loss is over …

Dollar slid amid interest rate uncertainty


Commodities market

Oil prices continued gains fueled by a weaker dollar and tight supplies. Brent crude futures rose 0.7%, and WTI crude rose 0.3%. 

Key tickers:

Brent: 102.50 — strong buy.

WTI: 95.68 — strong buy.

NG: 7.153 — strong buy.

Foreign exchange market

The dollar is down today as …

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