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. Read More
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. Read More
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.… Read More
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. Read More
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 Read More