Tag: tickmill

Type: Bullish BounceKey Levels:Resistance: 0.91793Pivot: 0.91534Support: 0.91793Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 0.91534 in line with 200% Fibonacci Projection towards our 1st resistance at 0.91793 in line with 78.6% Fibonacci extension and 23.6% Fibonacci retracement and graphical overlap. RSI is at levels where […]

Market’s reaction to the Russia decision to recognize the DPR and LPR was somewhat tepid, with the exception of Russian equities, which tumbled 20% on Monday. Today Russian stocks opened with a gap down, but turned to recovery in the second half of the session. Chances of a large-scale conflict have decreased after the Russian […]

Type: Bullish ContinuationKey Levels:Resistance: 156’17Pivot: 153’29Support: :151’07Preferred Case:Price is near pivot level of 153’29 in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement. Price can potentially go to the 1st resistance of 156’17 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is […]

Type: Bearish dipKey Levels:Resistance: 14372.25Pivot: 13842.25Support: 12724.25Preferred Case: Price has recently broken through a key support level and near pivot level of 13842.25 in line with 127.2% Fibonacci retracement . Price can potentially dip to the support level of 12724.25 in line with 78.5% Fibonacci projection and 38.2% Fibonacci retracement . Our bearish bias is […]

Type: Bullish ContinuationKey Levels:Resistance: 1910.9Pivot: 1918Support: 1904.5Preferred Case: Prices have been on bullish momentum and have consolidated in a parallel channel. We see the potential for further bullish consolidation from our Pivot at 1918 which is an area of Fibonacci confluences towards our 1st resistance at 1943.3 in line with 161.8% Fibonacci Projection. Our bullish […]

Russia-Ukraine Developments Drive Markets LowerMarkets are trading with a broadly risk off tone today following worrying geo-political developments last night. Russian president Vladimir Putin has formally recognised two breakaway territories in Eastern Ukraine as separate states and has ordered Russian troops into the regions on “peacekeeping” duties. The news comes on the back of weeks […]

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Kernel Holdings Under PressureKernel Holdings, the world’s largest producer/exporter of sunflower oil, has seen volatile price action over recent sessions. The Ukrainian company has seen heavy selling in recent days as fears over a fresh military conflict between Russia and Ukraine continue to grow. The build up of Russian troops on the border with Ukraine […]

Three Key US Data Release to WatchThe key data focus for today’s US session will be the release of the US services and manufacturing PMIs as well as the latest consumer confidence update. Given the broad strength we have seen across recent indicators, the expectations today is that both services and manufacturing will improve to […]

Type: Bearish DownsideKey Levels:Resistance: 1910.9Pivot: 1903.9Support: 1880.8Preferred Case:Prices have been on bullish momentum and have consolidated in a parallel channel. With a potential double top spotted, we see the potential for a pullback from our Pivot at 1903.9 in line with 161.8% Fibonacci Projection towards our 1st support at 1880.8 which is an area of […]