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Trading idea for Weyerhaeuser Company (NYSE)


#WY

The trend is descendant. The share is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.

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: …

EUR/GBP currency pair analysis


The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence. The support 0.8468 restrains buyers.

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 is over the resistance level 0.8468.

Target levels: 0.8433; 0.8411.

Stocks dive after the U.S. inflation data announcement


Commodities market

Oil prices rose today yet stayed below the $100 mark as both tight supply and recession risks influence the market. Brent crude climbed 0.7%, and WTI crude 0.6% up.

Key tickers:

Brent: 98.81 — strong sell.

WTI: 95.36 — strong sell.

NG: 6.672 — strong buy.

Foreign exchange …

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