WTI oil closed by white candle last Friday forming a gap in the clouds and touching broken descending channel, and 50% Fibonacci level extended along the last move. Let’s buy the pair at market opening and with the current prices:
As for the cross pair AUD/NZD, price has reached the 3rdВ point of the weekly ascending channel:
Price has formed a hammer in the daily chart, which is touching weekly uptrend, therefore let’s try to buy the pair with the current prices at market opening. At that, it is wise to hide Stop Loss behind the hammer’s handle (SL will give 50-60 points):
January 16, 2017 Surging equities at risk ahead of earnings season
While earnings season has started on a very positive footing, however, banks and other financial companies were already expected to shine more than others due to rising interest rate expectations. As non-financial companies begin to report in the coming weeks...
January 16, 2017 Oil prices were unmoved
After reaching 56.50 dollars per barrel Brent rolled back to 55.50. The benchmark started Friday in a consolidation. Brent extended its sideways trades during the European session. The “black gold” was range-bound-to lower during the day...
January 16, 2017 XAUUSD at major resistance, time to sell
We turn bearish below 1198 resistance (Fibonacci retracement, horizontal resistance) as we prepare to see a strong move down to 1176 support (Fibonacci retracement, recent swing low support, Fibonacci projection)...
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