Tag: tickmill
Type: Bearish ReversalKey Levels:Resistance: 98.486Pivot: 98.104Support: 97.411Preferred Case:Prices are at a key resistance at our pivot at 98.104 which is an area of Fibonacci confluences. We see the potential for a short pullback from our Pivot at 98.104 in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and 161.8% Fibonacci Projection towards our 1st support […]
Type: Bullish BounceKey Levels:Resistance: 34359Pivot: 34359 Support: 32906Preferred Case:With price expected to bounce off the support of the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 34359 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from our pivot of 34359 in line with […]
Type: Bullish RiseKey Levels:Resistance: 91.707Pivot: 90.948Support: 90.113Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 91.707 in line with the horizontal swing high resistance from our pivot of 90.948 in line with the 50% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, price […]
Type: Bullish BounceKey Levels:Resistance: 159’16Pivot: 156’16Support: 155’01Preferred Case:Price near buy entry level of 156’16 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially bounce from this level to the resistance level of 159’16 in which is also the graphical swing high level. Our bullish bias is supported by the Ichimoku cloud […]
Daily Market Outlook, March 4, 2022 Overnight Headlines Ukraine Blames Russia For Attack On Europe’s Largest Nuclear Power Plant Ukrainian, Russian Negotiators Say Third Round Of Talks Will Be Held Shortly Ukraine Says Talks With Russia Agreed On Humanitarian Corridors Putin Says Russian Military Advance In Ukraine ‘Going To Plan’ China Likely To Set Lowest […]
KER Holding OnShares in Kernel, the Ukrainian firm which is the largest global exporter of sunflower oil, are attempting to bounce back this week. As news of the Russian invasion broke last week, the company’s stock price went into free fall, collapsing more than 20% from the high $47s to lows around $25. With massive […]
BOC Highlights Upside RisksThe Bank of Canada kicked off its tightening cycle as expected yesterday. BOC governor Macklem announced a .25% hike and signalled further hikes to come across the year. The statement issued alongside the rates move noted that “Price increases have become more pervasive, and measures of core inflation have all risen. All […]
Oil prices hit a new high today – $116.50/bbl for WTI and $119.70/bbl for Brent. The last time the market saw such prices was in October 2008. The Ukrainian conflict is increasingly affecting oil exports from Russia, but surprisingly, this is not a result of sanctions targeting oil production or exports. Refineries reduced demand for […]
Type: Bullish continuationKey Levels:Resistance: 19.46Pivot: 18.78Support: 18.30Preferred Case:Prices are on bullish momentum. Prices might potentially move from pivot level of 18.78 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement towards the 1st resistance level at 19.46 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by […]
Type: Bearish DownsideKey Levels:Resistance: 33949Pivot: 33401Support: 32157Preferred Case:Price near pivot level of 33401 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci retracement . Price can potentially dip to the 1st support level of 32157 in line with 100% Fibonacci extension and 50% Fibonacci retracement . Our bearish bias is supported by prices trading below […]