"The pressure in Oil seems to be unrelenting. On Friday, the market got wind of the Baker Hughes rig count that jumped by 17 (meaning more production in an oversupplied market), and prices dropped yet again. The trend is definitively lower, but traders without exposure in the market may want to keep an eye on a few signs that a short-term bottom could be forming, at least for US Oil. While we often discuss the US benchmark for Oil, West Texas Intermediate ...
D1 price is located below 200 day SMA (200 SMA) and 100 day SMA (100 SMA) for the primary bearish market condition with the ranging near the border between the primary bearish and the primary bullish trend on the chart. The price is ranging between ranging between Fibo resistance level at 1.1059 and Fibo support level at 1.0520.The bullish reversal resistance level is 1.1059 Fibo resistance located above 200 SMA on the border between the bearish/bullish area of the daily ...
US Dollar Forecast - Fed Finally Hikes Rates. Now What for the US Dollar? The Fed finally did it! Its interest rates are above zero for the first time in six years. But why did the Dollar not rally, and what might we watch for next? Euro Forecast - Euro’s Economic Calendar Thins Out Through End of Year With only a handful of events on the economic calendar over the next two weeks, it seems that the low liquidity environment ...
D1 price is located above 100 day SMA (100-SMA) and 200 day SMA (200-SMA) for the ranging within the following key reversal support resistance levels: 100.51 resistance level located above 100-SMA/200-SMA in the primary bullish area of the chart, and97.22 support level located on the border between the primary bearish and the primary bullish trend. The price is trying to break 99.29 intermediate resistance level to above, and RSI indicator is estimating the ranging ...
EUR/CAD: bullish breakout. The pair is on bullish market condition since the beginning of Dec this year: price broke Ichimoku cloud from below to above together with Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price was stopped by 1.5125 resistance and 1.5200 resistance levels together with ascending triangle pattern to be formed for the price to be started with the ranging market condition near and below those resistance ...
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