2021

The recent pace of strong gains in the WTI crude oil market is seen to be slowing with prices likely to close flat for a second consecutive day. This could potentially see the onset of a short term correction in the markets. The initial…
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The precious metal is down nearly 1% intraday as the short term bearish momentum is strong. Price action is likely to retest the support area near 1817.80. The stochastics oscillator on the intraday charts are also signaling further room…
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The euro currency is giving back the gains made from Wednesday as price action failed to rise above the technical resistance level near 1.2144. As a result, price action is quite bearish, amid the hidden bearish divergence as well.…
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Shares in iconic US beverage-maker Coca Cola are trading a little lower pre-market on Thursday. The company’s stock price has undergone a more than 12% correction from the high posted in December with shares falling from high 54s to current…
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Tomorrow there is a host of economic data out of the UK just before the markets open. So, we could be looking at a pretty active session for cable. Out of all the numbers to be released, the one to get the most attention will be the…
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The GBPUSD global wave e which is part of a cycle triangle, consists of an Ⓐ-Ⓑ-Ⓒ zigzag. Currently, impulse wave Ⓒ of the primary degree has begun, as part of the fifth wave of the intermediate degree. Minor correction wave 4 has…
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EURCHF has seen choppy price action for the last 6 months as the current engulfed channel shows some signs of accent. Continuous divergences on the momentum indicator have led prices to the lower and bottom borders in rapid succession.…
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The precious metal is struggling to breakout above 1850 as price action was firmly rejected near this level intraday. Overall, gold prices remain trading subdued compared to the gains made in the previous sessions. We expect the…
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WTI crude oil prices continue to maintain a strong bullish moment. Price action rose to fresh highs of 58.73. This makes price action likely to test the unfilled gap from January 20 last year at 59.47 However, with price now trading…
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