The ascendant wave structures are truncated. The round intermediate level 0.9750 restrains buyers. 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 is over …
Commodities market
Oil rose slightly today amid global supply concerns. Brent crude futures rose 0.5%, however, both WTI and Brent are still set for a second weekly loss. The $10.73 tumble was the third largest since Brent started trading.
Key tickers:
Brent: 104.70 — sell.
WTI: 102.44 — strong sell. …
Commodities market
Oil reversed after the previous two days of losses, with Brent crude futures rising 0.51% and WTI crude futures up 0.56%.
Key tickers:
Brent: 101.13 — buy.
WTI: 98.91 — strong buy.
NG: 5.565 — buy.
Foreign exchange market
The U.S. dollar was down today despite rate hikes …
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