The general trend is downward. Resistance level 1.4127 is holding back the buyers. A reversal pattern "Key level" is forming.
Trading idea:
Sell on a breakout of 1.4103.
Stop-loss for the resistance level 1.4127.
Target levels: 1.4080; 1.4047.
Oil was up today as investors focused on the OPEC+ meeting next week when the block will decide the oil output. Brent crude futures were up 0.03%, and WTI crude futures jumped 0.28%.
Key tickers:
Brent: 102.58 — strong buy.
WTI: 97.31 — neutral.
NG: 8.169 — strong …
Gold managed to break the main resistance level 1746.80 and continued rising, and reached the next target at the value of 1765.60, to confirm the continuation of the bullish scenario, whose targets are likely to extend to the level of 1777.00.
The bearish movement comes with positive support from the …
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