Tag: tickmill
Type: Bearish ContinuationKey Levels:Resistance: 1.2660Pivot: 1.2622Support: 1.2554Preferred Case:With price reversing off the ichimoku cloud resistance, we have a bearish bias that price will drop to our support in line with the horizontal swing low support, 38.2% fibonacci retracement and 23.6% fibonacci retracement from our pivot in line with the horizontal swing high resistance and 50% […]
EU leaders were able to agree on a sixth package of sanctions last night that would include an embargo on Russian oil, excluding pipeline supplies to landlocked countries. The decision to hit Russia’s export revenues will have a high cost in potentially higher inflation and lower EU growth. The ECB’s search for a compromise between […]
LSE Suspends Gazprom As of May 31stThe London Stock Exchange announced today that it has suspended shares of Russian state-owned energy supplier Gazprom from trading. The company reportedly requested its shares be suspended a full month ago with May 31st the agreed date for the suspension to become active.Notably the suspension comes just as the […]
Type: Bearish MomentumKey Levels:Resistance: 62760Pivot: 62027Support: 61455Preferred Case:On the H4, price is moving below the ichimoku cloud and breaking out from the ascending channel which supports bearish bias that price will rise to and drop from our pivot at 62027 in line with the 50% fibonacci retracement and pullback resistance to the support at 61455 […]
Type: Bearish ContinuationKey Levels:Resistance: 14864Pivot: 14576 Support: 14297Preferred Case:On the H4, price has recently reversed off the pivot at 14576 in line with the overlap resistance and the confluence area at 78.6% fibonacci retracement and 100% fibonacci projection and may drop to the overlap support level at 14297 in line with the 38.2% fibonacci retracement […]
Type: Bearish MomentumKey Levels:Resistance: 237.4Pivot: 229.35Support: 221.85Preferred Case:On the H4, with price moving within the ascending channel and price expected to reverse off the stochastic resistance which supports bearish bias that price will drop from our pivot at 229.35 in line with the 100% fibonacci projection and swing high resistance to the support at 221.85 […]
Type: Bearish MomentumKey Levels:Resistance: 14864Pivot: 14576Support: 14297Preferred Case:On the H4, price has recently reversed off the pivot at 14576 in line with the overlap resistance and the confluence area at 78.6% fibonacci retracement and 100% fibonacci projection and may drop to the overlap support level at 14297 in line with the 38.2% fibonacci retracement.Alternative Scenario:Price […]
Type: Bearish ContinuationKey Levels:Resistance: 127.265Pivot: 118.174Support: 105.976Preferred Case:With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop to our 1st support at 105.976 in line with the 61.8% fibonacci retracement and horizontal swing low support from our pivot at 118.174 in line with the horizontal overlap resistance […]
Type: Bullish RiseKey Levels:Resistance: 9171Pivot: 8937Support: 8760Preferred Case:Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 8937 where the overlap support is to the 1st resistance at 9171 in line with the 127.2% fibonacci extension and […]
Type: Bullish MomentumKey Levels:Resistance: 969.1Pivot: 945.2Support: 913.5Preferred Case:On the H4, the MACD indicator shows that price is in a bullish pressure area, while stochastics shows an upward trend, which supports our bullish bias that price will rise from the pivot at 945.2 at the overlap support and in line with the 38.2% fibonacci retracement to […]