The descendant wave structures are truncated. Pivot 2 of the main descendant structure is breached. The support level of 10.233 restrains sellers. Awesome Oscillator indicates triple bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms.
Stop-loss is under support level 10.233.
Target …
Commodities market
Oil prices rose today amid the outlook of a less aggressive rate hike in the U.S. Brent crude futures for September rose 1%, and WTI crude rose 0.7%.
Key tickers:
Brent: 98.81 — strong sell.
WTI: 95.36 — strong sell.
NG: 6.685 — strong buy.
Foreign exchange market …
#WY
The trend is descendant. The share is traded between 365 and 135 moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: …
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