Commodities market
Oil prices continue to fall as COVID-19 once again floods China, the biggest crude importer. Brent crude futures were down 1.3%, and WTI crude futures slid 1.4%.
Key tickers:
Brent: 105.57 — strong sell.
WTI: 102.48 — strong sell.
NG: 6.510 — strong buy.
Foreign exchange market
The …
Commodities market
Oil was down today as investors worried about the new highly infectious COVID-19 variant discovered in Shanghai, China. Brent crude fell 0.54%, and WTI crude slid 0.87%.
Key tickers:
Brent: 105.60 — strong sell.
WTI: 103.22 — strong sell.
NG: 6.352 — strong buy.
Foreign exchange market
The …
The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
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: 93.70.
Target levels: 91.71; 91.15.
Don't have your language?
