Technical Analysis

( USOIL ) WTI testing triple bottom ( USOIL ) WTI prices plummeted further, with prices seeking the latest support. A subsequent drop below 66.00 invalidated the late September recovery, forcing early buyers to abandon ship. A new…
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The Dow managed to test the resistance zone of 46450-700 yesterday. If the resistance zone of 46450-700 holds, then the downtrend pressure will return for another drop as we see over the chart. Above 46700 this could give the…
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Gold hit a fast correction yesterday as prices managed to hold trades above the support of 3791. As long as the market holds above 3791, the advance wave can continue. However, a chance for a trading zone between support…
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Crude Oil fell below 63.20-80 which could push for a further drop to test the support trend at 61.60-62.00 yesterday. As long as the market holds above the mentioned support, a rebound could hit the market with resistances at…
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If prices remain below the 151.25-45 resistance, a correction is likely. The market is now facing a support trend around 146.15-25, which if managed to hold, another rebound is expected from inside this trading zone. Above…
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GBPUSD managed to rebound to the edge of the 1.3465 resistance while prices hold below. As long as market keep holding trades below 1.3465 a chance for a further drop towards 1.3250 is likely, which in turn could activate a…
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The Euro is now testing the Intraday resistance at 1.1750 while showing a chance for breaking higher. As long as prices remain above 1.1705, more advance will be expected with resistances around 1.1820-50 and 1.1920. Below…
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( UK 100 ) FTSE tests critical floor The ( UK 100 ) FTSE took a dramatic tumble as price action fell away from its recent high at 9360. The index’s close below 9300 has invalidated the recent spike, putting the bulls under pressure. As…
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Dow managed to pass above the resistance of 46225 and tested the resistance zone at 46450-700 yesterday. If the resistance zone of 46450-700 holds, then the downtrend pressure will return for another drop as we see over the…
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