#CL
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: 79.33.
Target levels: 76.35; 74.00.
The general trend is descendant. The ascendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the 1.7230 level is breached.
Stop-loss: 1.7358.
Target levels: 1.7138; 1.7000.
News of the day, Tuesday, May 31
European stocks decreased as the key eurozone inflation data is to be published soon, which could increase concerns about possible interest rate hikes. The DAX in Germany traded 0.7% lower, the CAC 40 of France dipped 0,9%, while the FTSE 100 of the …
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