#GWILLY
The mirror level of 11.70 is holding the sellers back. The downward wave structure is truncated. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold. An entry point is formed on a B pullback.
Trade idea:
Buy on the formation of an upward …
The general trend is downward. Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downtrending wave structure, where wave (A) breaks the inclined channel of the ascending structure.
Stop-loss for the local maximum of the ascending structure.
Target levels: 0.6004; 0.5970.
Oil prices were flat today ahead of the OPEC+ meeting amid fears that slowing global growth would hit oil demand. Brent crude futures were 0.03% down, and WTI crude futures were flat at $94.42.
Key tickers:
Brent: 99.90 — strong sell.
WTI: 94.75 — strong sell.
NG: 7.756 …
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