15.09. Fresh trading analysis: oil prices rise as the U.S. oil stocks drawdown is revealed

Wednesday, September the 15th, today’s news – oil prices climb up due to the larger cutdown in U.S. crude oil stocks. The reason is the recent hurricane Ida and the consequent temporary cessation of oil production. Meanwhile, the softer-than-expected release of U.S. inflation data release heightens traders’ interest for the upcoming incalculable Fed’s tapering. The price of Brent oil is $74.23 per barrel, WTI — $71.08. EUR/USD is at 1,1814, GBP/USD — 1,3834, gold is at $1,801.85 per ounce.

GBPNOK analysis
GBPNOK
The descending wave pattern of the H8 level is truncated. There is a bullish divergence on the Awesome Oscillator, the Stochastic Oscillator signals oversold conditions.

GBPNOK rate online: monitor the price movement in real time.

Trading idea:
Buy when the ascending wave pattern is formed where the wave (A) will break through the inclined truncated pattern. 
Stop Loss is under support level 11.900.
Target levels: 12.030; 12.155; 12.390.

Trading idea for Adidas AG (XETRA)
#ADS
The overall trend is ascendant. The expected corrective move is in the range of 365 and 135 moving averages. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

Trading idea:
Buy when the ascending wave pattern is formed where the wave (A) breaks through the inclined channel of the descending pattern. 
Stop Loss is under the local minimum.
Target levels: 310.25; 321.00; 334.00.