20.09. Fresh trading analysis: oil price fell as supply increased in USA

Monday, September the 20th, today’s news – crude prices fell as supply increased in the U.S., so the dollar climbed to a three-week high. This is due to the fact that 77% of U.S. Gulf of Mexico crude output appeared accessible more than two weeks after Hurricane Ida hit. European stock markets are expected to open lower today amid the continued dumping of shares in Chinese Evergrande. Gold is hitting a more than five-week low. The price of Brent oil is $74.98 per barrel, WTI — $72.89. EUR/USD is at 1,1709, EUR/USD is at 1,1774, GBP/USD — 1,3664, gold is at $1,750.35 per ounce.

EURGBP analysis
EURGBP
The overall trend is ascendant. The descending wave pattern of the H8 level is truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator left the oversold zone. The inclined channel of the descending pattern is broken through. 

EURGBP rate online: monitor the price movement in real time. 
Trading idea:
Buy on the breakout of 0.8553 (when the ascending wave pattern is formed).
Stop Loss: 0.8500.
Target levels: 0.8600; 0.8650.

Trading idea for Caterpillar Inc. (NYSE)
#CAT
The overall trend is ascendant. The stock is trading in the range of 365 and 135 moving averages. The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Trading idea:
Buy when the ascending wave pattern is formed where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss is under the local minimum.
Target levels: 223.73; 245.70.