#NESN
The general trend is descendant. The share is traded between 365 and 135 EMA. The ascendant five-wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss is over the 115.58 …
The descendant wave structures are 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 through the inclined channel of the descendant truncated structure.
Stop-loss is under the local minimum of the descendant structure. …
Commodities market
Oil edged up today, but the inflation data put a lid on crude growth, as it can weaken the market. Brent crude futures were up 0.5%, and WTI crude gained 0.5% too.
Key tickers:
Brent: 100.51 — neutral.
WTI: 96.83 — neutral.
NG: 6.321 — strong buy.
Foreign …
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