Current Price $541.27
The overall trend is downward. The resistance level of 8.00 holds back the bulls. A wedge trend continuation pattern has formed. Breaking through the support level of 7.00 will result in a further decline within the overall downtrend. Trading recommendations Sell below 7.00. Stop loss: 8.00. Target levels: 6.00; 5.30.
Сrude oil continues to fall in the global markets. Brent was trading at 15 USD per barrel, a price of mid-1999. This is a very serious challenge for crude oil companies. An ascending truncated pattern has formed on the chart (M5). The 306.88 resistance level holds back buyers. Stochastic Oscillator signals overboughtness. Trading recommendations: Sell while a descending wave pattern…
April The Australian dollar rose during the Asian session to witness its bounce to the second session from the lowest since April 9 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data expected today Wednesday by the US economy, the largest economy…
