The general trend is downtrending. The ascending wave structure is truncated. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.
Stop-loss under …
Oil prices rose more than $1 today, buoyed by improved risk appetite. Brent crude futures rose 1.1%, and WTI crude futures rose 1.3%.
Key tickers:
Brent: 103.19 — strong buy.
WTI: 98.81 — strong buy.
NG: 8.559 — strong sell.
The U.S. dollar dropped to a …
Gold managed to rise with the support of the American news and is approaching the target 1746.80 in an attempt to complete the bullish path, which is confirmed by breaking the mentioned resistance level. The next target will be the level of 1765.00.
The ascending path comes with the support …
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