Commodities market
Oil prices rose today amid the outlook of a less aggressive rate hike in the U.S. Brent crude futures for September rose 1%, and WTI crude rose 0.7%.
Key tickers:
Brent: 98.81 — strong sell.
WTI: 95.36 — strong sell.
NG: 6.685 — strong buy.
Foreign exchange market …
#WY
The trend is descendant. The share is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.
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: …
The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence. The support 0.8468 restrains buyers.
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 the resistance level 0.8468.
Target levels: 0.8433; 0.8411.
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