The pair is trading in a short-term downtrend amid the rising oil prices and the overall growth in demand for risk assets in the markets. If this sentiment persists, the pair will fall further.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
E. ON (XETRA)
The price pivot zone of 9.80 is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition
Trading recommendations:
Buy above 9.98.
Stop Loss: 9.80.
Target …
Aeroflot Russian stock continues to decline after it failed to stabilize above the resistance level 86.50, to bounce back down below the mentioned resistance. The stock returned to the sideways movement it was trading in during the past two weeks, as it tested the key support level of 78.50, which …
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