AB=CD

The AB=CD formation target is located at 14.40. Preferred trade is to sell into rallies.

Expect trading to remain mixed and volatile. Preferred trade is to sell into rallies.

Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1286, resulting in improved risk/reward.

Reverse trend line resistance is located at 15.22. Bespoke resistance is seen at 15.16. This formation has a measured move target of 14.41, close to the 78.6% Fibonacci level.

A full AB=CD corrective formation would take the commodity to $15.70. Bespoke resistance is located at $15.60. Although the long-term picture is mixed, we look for at least a larger correction to the downside.

A full AB=CD corrective formation takes the index to 22100, close to the possible right shoulder. We look to sell into rallies

Mixed trading. Can be seen in three-waves, common in corrective formations. An AB=CD formation would take the pair to 0.6970. The 61.8% pullback level is located at 0.6955. This could then form a bullish reverse Head and Shoulders pattern.…

Broken out of the channel formation to the downside. A flag formation target would take the pair to 1.1165. The trend of lower lows, and the possible base of an Ending Wedge formation (bullish) is seen at 1.1225.

The move higher is mixed and volatile, common in corrective sequences A possible AB=CD formation looks to target 0.9137

Looks to be forming a bearish Head and Shoulder pattern. This could also be seen as an AB=CD corrective sequence. There is cope for mild buying at the open, but gains should be limited. Bespoke resistance is seen close to 81.90