#GE
The general trend is descendant. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator sliding indicators have left the overbought zone.
Trading idea:
Sell on a breakout of 73.10.
Stop-loss: 76.34.
Target levels: 70.00; …
The support level of 1.1564 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. Awesome Oscillator indicates bullish divergence. On the H4 and H1 timeframes, a key reversal pattern was formed.
Trade idea:
Buy on the breakdown of 1.1628.
Stop-loss: …
Oil prices rose today as supply shortages were strong enough to cancel out fears of slackening fuel demand. Brent crude rose 0.6%, and WTI crude rose 0.8%.
Key tickers:
Brent: 94.75 — neutral.
WTI: 89.20 — buy.
NG: 8.096 — strong sell.
The U.S. dollar …
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