News
Type: Bearish DipKey Levels:Resistance: 106.47Pivot: 104.7Support: 98.24Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 104.7 which is a graphical overlap and in line with 61.8% Fibonacci Projection towards our 1st support at 98.24 in line with 61.8% Fibonacci Projection .Alternative […]
Type: Bullish BounceKey Levels:Resistance: 1959.0Pivot: 1921.0Support: 1910.2Preferred Case:Prices have recently broken out of our descending trendline. We see the potential for further bullish continuation from our Pivot at 1921.0 in line graphical overlap and area of Fibonacci confluences towards our 1st resistance at 1959.0 in line with 61.8% Fibonacci Projection . Our bullish bias is […]
• Natural gas breaks round resistance level 6.0• Likely to rise to resistance level 6.270 Natural gas under the bullish pressure after the price broke through the resistance level 5.8 (which has been reversing the price from November. The breakout of the resistance level 5.8 accelerated the active impulse wave 3, which then broke the […]
• USDJPY reversed from key support level 121.00• Likely to rise to resistance level 125.00 USDJPY recently reversed up with the daily Morning Star from the key support level 121.00 intersecting with the 38.2% Fibonacci correction of the upward impulse from March. The support area near the support level 121.00 was further strengthened by the […]
Bitcoin (BTC) is seeing what looks like panic buying by retail investors, as fresh data shows — but all might not be as it seems. In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers. 2022 retail FOMO spike “an […]
Natural-gas prices rallied Tuesday, buoyed by the recent rise in coal prices amid a proposed European ban on Russian energy. The long-term focus for the energy market will be how quickly the European Union can move away from Russian coal, oil and natural gas, said Phil Flynn, senior market analyst at The Price Futures Group. […]