Bulls look for clear break above $71.17 Fibo barrier to signal continuation
WTI oil hit two-week high at $71.33 on Thursday on renewed probe through pivotal $71.17 barrier (Fibo 61.8% of $75.34/$64.43 descend).
Bulls remain firmly in play and look for extension of previous day’s strong rally, when oil price…
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Bulls remain in play for fresh attack at 1.1733 pivot
Firmer tone in European session after quiet trading in Asia resulted in fresh probe above 1.1700 handle, following multiple failure to close above here.
Upticks in past few sessions were capped just under 1.1733 (28 Aug high), leaving…
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Pound stands at the front foot after double-Doji; UK retail sales eyed for fresh signal
Cable ticks higher in early European trading after trading within tight range in Asia on Thursday and probes again above key barriers at 1.3159/62 (falling 100SMA / Fibo 61.8% of 1.3472/1.2661).
Strong indecision is signaled by double Doji…
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Bulls show strong hesitation at 112.37 Fibo barrier, keeping in play risk of top formation
Wednesday’s action remains directionless for now and shaped in Doji candle, as bulls show hesitation after strong rally on Tuesday.
Conflicting daily studies (overbought slow stochastic in sideways mode and strengthening momentum) provide…
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News hit pound’s bulls and offset positive impact from upbeat UK CPI data
Cable dipped 0.7% and hit session low at 1.3096, following report in The Times that UK PM May could reject EU offer on Irish border.
The news soured sentiment, bringing pound under increased pressure, after the currency advanced to new…
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Oil stocks build harms positive sentiment; EIA report eyed for fresh signal
WTI oil maintains firm tone and holding above thickening daily cloud top on Wednesday, but the upside attempts were so far limited, following strong upside rejection at $70.40 on Tuesday.
Oil prices were initially boosted by news that…
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Aussie extends recovery on fresh risk-on mode
The pair holds in firm bullish mode for the third straight day and extends recovery leg from 0.7141(17 Sep trough) to probe through falling 30SMA (0.7244) and pressure key Fibo barrier at 0.7256 (61.8% of 0.7362/0.7085 descend).
Fresh…
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Cable stands at the front foot ahead of EU summit / UK CPI data
Cable stands at the front foot in early Wednesday’s trading and probes again above key barriers at 1.3162/63 (falling 100SMA / Fibo 61.8% of 1.3472/1.2661 descend, where the action in past two days faced strong headwinds.
Bullish techs…
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Risk of upside stall on trade war escalation and fresh risk aversion
The maintains bullish bias on Tuesday but gains were so far limited as the price fell quickly from new high at 112.27, posted in early Europe.
Expectations that China will retaliate to the newest US package of tariffs increases concerns of…
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Brent oil rallies after Saudi said ok for rise above $80
Brent oil accelerated strongly higher on Tuesday, bringing psychological $80 barrier in focus again (after last week’s attempt stalled at $80.10) after Saudi Arabia agreed with short-term price rise and said they are comfortable with Brent…
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