Recovery shows signs of fatigue on approach to key barriers at $43.05/42
WTI oil dipped below $42 in mid-European trading on Thursday after attempt to retest Tuesday’s $42.48 high (the highest in nearly five months) run out of steam.
Oil maintains firm bullish tone, driven by falling dollar and hopes that…
Read More...
Read More...
Gold extends steep ascend and pressures $1900 barrier
Spot gold extends steep ascend into sixth straight day and posted new highest since Sep 2011 ($1888) on Thursday.
Global concerns about post-pandemic recovery that prompted investors into safety, were boosted by rising political tensions…
Read More...
Read More...
Risk of consolidation / correction before final push through June high rises
Cable is holding within narrow range below new 6-week high at 1.2767 in early Thursday’s trading, after repeated close above 200DMA (Tue/Wed) generated bullish signal.
On the other side, Wednesday’s long-tailed Doji signaled that the…
Read More...
Read More...
Bulls face headwinds at key barrier and may pause before resuming
The Euro edges lower in early European trading on Thursday, as rising US/Chine tensions hurt risk sentiment.
The single currency also faces headwinds from strong barriers at 1.1595/1.1600 (50% retracement of larger 1.2555/1.0635 descend…
Read More...
Read More...
Bulls could extend towards key Fibo barrier at 1.1822 on clear break of 1.1600 zone
The Euro cracked important barriers at 1.1595/1.1600 (50% of 1.2555/1.0635 / round-figure) on Wednesday, as bulls accelerated and extend into fourth straight day.
Rally is currently taking a breather and consolidating on overbought hourly…
Read More...
Read More...
Bulls lose traction on approach to key barrier
Cable pulls back from new 1 ½ month high (1.2767) on Wednesday, as bulls started to lose traction on approach to key barrier at 1.2813 (10 Jun high).
Tuesday’s break and close above 200DMA (1.2697) was strong bullish signal which…
Read More...
Read More...
Aussie is consolidating under new 15-mth high, bulls look for 0.72+ extension
The Australian dollar hit the highest since Apr 2019 on Wednesday, in extension of Tuesday’s 1.6% advance (the biggest one-day gain since 1 Jun).
Strong bullish signal was generated on Tuesday’s close above 0.7064 (2020 high) and probe…
Read More...
Read More...