Tag: tickmill
Type: Bullish BounceKey Levels:Resistance: 19.89Pivot: 18.86Support: 18.31Preferred Case:We see the potential for bullish bounce from our Pivot at 18.86 in line 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards our 1st resistance at 19.89 in line with 161.8% Fibonacci extension, along with a graphical swing high. Our bullish bias is further supported by prices trading […]
Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week in oil. On the back of recent sales, the uptick in upside exposure last week reflects the higher outlook for oil prices in the wake of Russia invading Ukraine. The violence in Ukraine has […]
US CPI Up NextTraders will be closely watching today’s US CPI release for February. While a March rate hike is now fully priced in, on the back of recent comments from Fed chairman Powell, the market is now focusing on upside risks. Given events in Ukraine and the impact on global energy prices, inflation risks […]
ECB In FocusAlong with US CPI, today’s ECB meeting will be the main event of the week. On the back of a surprisingly hawkish shift by Lagarde in January, the market will be closely watching today to see how much the crisis in Ukraine has affected the bank’s view. In light of recent developments, the […]
Type: Bullish RiseKey Levels:Resistance: 13946Pivot: 13484 Support: 12294Preferred Case:On the H4 chart, price is near our pivot of 13118 in line with horizontal overlap support and 78.6% Fibonacci projection. Price can potentially rise to our 1st resistance level at 14405 in line with the 100% Fibonacci projection. Our bullish bias is supported by how price […]
Type: Bearish ReversalKey Levels:Resistance: 239.30Pivot: 232Support: 221.25Preferred Case:Price is near pivot level of 232 in line with 23.6% Fibonacci retracement. Price can potentially dip to the support level of 221.25 with a graphical swing low level. Our bearish bias is supported by prices trading under the Ichimoku cloud indicator. Alternative Scenario: Price could also head […]
European indices entered recovery path with a solid rebound after heavy sell-off on Tuesday, greenback, gold and other defensive assets pare down gains amid early signs of de-escalation of Ukraine conflict. This was mainly influenced by the softening position of the country’s leadership on Russian demands, as can be seen from yesterday’s interview with Zelensky. […]
Aeroflot Down 60%It’s been a dismal few weeks for Russian airliner Aeroflot. Shares in the company have fallen around 40% since the Russian invasion of Ukraine. Overall, prices are now down by almost 60% on the year, extending the declines seen over the end of 2021. Aeroflot has been hit hard by the West’s response […]
Type: Bullish ContinuationKey Levels:Resistance: 163’18Pivot: 159’16Support: 157’24Preferred Case:With price moving above the Ichimoku cloud, we have a bias that price will rise from our pivot of 156’00 in line with the 100% Fibonacci projection to our 1st resistance of 159’27 which is also the graphical swing high resistance. Alternative Scenario:Price may dip to the support […]
Type: Bullish BounceKey Levels:Resistance: 1751’4Pivot: 1639’6Support: 1581’4Preferred Case:With price moving above the Ichimoku cloud, we see the potential for a bounce from our Pivot at 1694’2 in line with 38.2% Fibonacci retracement towards our 1st resistance at 1757’4 in line with horizontal swing high resistance. Alternative Scenario:Alternatively, price can potentially dip towards our 1st support […]