2020

NATURAL GAS (NGAS): Forte Calo Delle Posizioni Short S2: 1.575     S1: 1.606     R1: 1.735     R2: 1.743 Le quotazioni del Natural Gas si trovano in prossimità di una importante resistenza vista in area 1.71 dove incrociano…
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WTI Crude oil prices are trading weaker, down over 4% on the day. This comes amid the trend line holding up as dynamic resistance. If the declines continue, then we expect a move lower back to the 22.00 level of support. With the…
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Gold prices briefly dipped to the 1594 level of support before rebounding slightly higher. With the current momentum in place, there is scope for a move toward the 1655 level of resistance. We, therefore, expect gold prices to remain…
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The British pound is up over 2% on the day after clearing the 1.2000 handle. In the near term, the 1.2000 region will be tested. The current upside could see prices testing the 1.2277 region. Given the divergence showing up on the…
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The euro currency is up over 1.3% on the day. Gains come for the fifth consecutive day as the US dollar is easing. After clearing the resistance level of 1.0900, price action is likely to continue towards the 1.1055 region. We…
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The primary bearish NZDUSD structure hints at a standard zigzag formation consisting of waves Ⓐ -Ⓑ -Ⓒ. Wave Ⓐ seems to have ended at the swing low, which gives bulls the opportunity to form a bullish 3-wave pattern in Ⓑ. This wave also…
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Like everywhere else in the FX markets, AUDJPY saw its share of volatility. The pair ended up testing 11-year lows to 59.88. It may have found a temporary bottom, as the current bounce suggests, and carries the potential for further…
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Gold prices are holding steady after rising above the 1600 level. Support is being tested near the 1594 level currently. If the support holds, then we expect price action to rise to the 1655 level. This will mark a full completion of…
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WTI Crude oil prices are holding steady despite retracing some of the gains from earlier in the week. Price action is currently forming a higher low above the 22.00 handle. The trend line needs to be breached to confirm the upside.…
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The British pound made some modest gains on Tuesday but price action fell sharply intraday. However, prices are now recovering from the intraday lows of 1.1639. Overall, GBPUSD remains range bound within 1.2000 and 1.1497. The…
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