Category: Technial Analysis
On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in part to a drop in liquefied natural gas exports from the shutdown of Freeport LNG’s […]
ASX On The ReboundThe rebound in risk appetite this week is bringing some equities indices into very interesting areas. Following a heavy sell off over much of June in response to the larger-than-expected RBA rate hike, the ASX200 is now trading firmly higher. However, the market is fast approaching a key resistance area between 6753.90 […]
The Turkish Lira is seeing huge volatility today as traders react to the latest intervention from the government. On Friday, the government announced a new loan ban in Turkey which precludes lenders from issuing funding to corporates holding more than 15 million Liras and if the total sum of the loan exceeds 10% of total […]
Early in the week, EURUSD is trying to grow but the prospects are rather questionable. The major currency pair is trying to rise on Monday. The current quote for the instrument is 1.0583. There aren’t too many important statistics on Monday. However, the European Central Bank Governor Christine Lagarde will speak later today. This is […]
The BTC is moderately growing at the beginning of the new week. The leading cryptocurrency is balancing at $21,409. Yesterday buyers were more optimistic, but the level of $21,900 turn out to be firm. While stock market indices are favourable, there are serious chances for the continuation of this timid growth, as long as it […]
Gold prices rose more than 9 dollars, during trading today, Monday, June 27, 2022; News of some Western countries’ plans to formally ban imports of the metal from Russia due to its invasion of Ukraine sparked interest in the precious metal. Four of the wealthy Group of Seven nations moved to ban Russian gold imports […]
Type : Bearish Drop Key Levels:Resistance : 924.7 Pivot: 901.4 Support : 874.9 Preferred Case: On the H1, price is moving below the ichimoku cloud which gives us a bearish bias that prices will drop to the pivot at 901.4 where the 78.6% fibonacci projection and swing low support are. Once there is downside confirmation […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to break 3/8 and continue moving downwards to reach the support at 1/8. However, this scenario may no longer be valid if the asset breaks […]
Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]
Type : Bearish Momentum Key Levels:Resistance : 18.96 Pivot: 18.42 Support : 17.58 Preferred Case: On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the pivot at 18.42 in line with the 78.6% fibonacci projection to the 1st support […]