Commodities market
Oil was down today as investors worried about the new highly infectious COVID-19 variant discovered in Shanghai, China. Brent crude fell 0.54%, and WTI crude slid 0.87%.
Key tickers:
Brent: 105.60 — strong sell.
WTI: 103.22 — strong sell.
NG: 6.352 — strong buy.
Foreign exchange market
The …
The ascendant wave structure is truncated. 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: 93.70.
Target levels: 91.71; 91.15.
#BA
The trend is descendant. The share is traded between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The entry point is forming on the pullback B.
Trading idea:
Sell when level 137.18 is breached.
Stop-loss: 142.30.
Target levels: 131.20; 125.18.
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