WTI OIL consolidates under $60 barrier; bullish sentiment supportive for further advance
WTI oil maintains firm tone and holding within narrow consolidation under psychological $60 barrier (fresh highs in 2 ½ years) which was dented on strong bullish acceleration on Tuesday.
Oil price was boosted by stronger than expected draw…
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AUDUSD – fresh bullish extension pressures daily cloud top at 0.7816
The Aussie dollar extended steep rally on Thursday and cracked psychological 0.7800 barrier, en-route to key resistance at 0.7816 (daily cloud top).
Broader greenback’s weakness keeps the Aussie supported, with bulls so far ignoring…
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USDJPY – fresh bears penetrate daily cloud and may extend towards key support at 112.00
The pair came under increased pressure and fell sharply on Thursday, driven by fresh dollar’s sell-off.
Bearish acceleration penetrated daily cloud after descending cloud top acted as solid support and limited downside attempts in past few…
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GBPUSD – fresh bullish acceleration looks for 1.3500+ extension
Cable hit two-week high at 1.3455, which also marks Fibo 61.8% retracement of 1.3549/1.3300 downleg, on fresh bullish acceleration in Asian / early European trading on Thursday.
Eventual break above week-long congestion tops at 1.3400…
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EURUSD surges towards 1.20 on fresh dollar’s sell-off
The Euro surged through 1.1900 barrier in early trading of Thursday, to retest month’s high at 1.1940 and open way towards key barriers at 1.1961 (27 Nov high) and psychological 1.2000 resistance.
The single currency was boosted by fresh…
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COPPER trades near 3 ½ year high
Copper future contract for delivery hit 3 ½ year high at $3.2980 in extension of two-week uninterrupted rally from $2.9425 trough.
Metal rallied to new high on Tuesday after post-holiday trading started with gap-higher opening, with strong…
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AUDUSD extends rally, underpinned by rising metals’ prices
The Aussie dollar remains well supported and hits fresh two-month high at 0.7768 on Wednesday’s strong bullish acceleration, in extension of four-day rally, supported by rally in metals prices.
Today’s rally broke above pivotal barrier at…
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USDJPY – near-term bears pressure key 113.00 support zone
The pair remains in red on Wednesday and extends descend from 113.63 (21 Dec lower top) left after repeated failure to clearly break above daily cloud.
The price continues to move lower since then, tracking descending daily cloud top which…
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GBPUSD – break above 1.3400 zone needed for bullish signal
Near-term price action remains directionless and holding in narrow range between 30 and 20 SMA’s (1.3357 / 1.3403 respectively).
Choppy trading between 1.3300 and 1.3465 extends into third week, with basing attempt at 1.3300 zone (weekly…
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EURUSD trades in extended consolidation at 1.1860 zone
The Euro trades in extended consolidation within 1.1860 zone on Wednesday, with near-term focus turned towards initial target at 1.1900.
The pair probes again above cracked pivot at 1.1867 (Fibo 61.8% of 1.1961/1.1717 pullback) as previous…
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