The general trend is ascendant. The descendant truncated wave structure is finished with the inclined channel breach. Awesome Oscillator indicates bullish divergence.
Trade idea:
Buy when 8.8824 is breached.
Stop-loss — 8.8000.
Target levels: 8.9520; 9.0350.
News of the day, Monday, March 21
About 500 workers in Chevron’s oil refinery in Richmond (Virginia, USA) have alarmed the company they will go on a strike at midnight today after the negotiations on the new labor contract failed. Chevron has turned some operations to replacement workers at a …
Gold returns to test the 1926.70 support after it approached the 1953.86 resistance, so we keep the movement neutral until the price breaches one of the levels. Bearing in mind that the price's breach of the resistance level 1953.80 will motivate buyers to increase the volume of purchases and put …
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