Oil prices were flat today ahead of the OPEC+ meeting amid fears that slowing global growth would hit oil demand. Brent crude futures were 0.03% down, and WTI crude futures were flat at $94.42.
Key tickers:
Brent: 99.90 — strong sell.
WTI: 94.75 — strong sell.
NG: 7.756 …
#DIS
The general trend is downtrending. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave pattern.
Stop-loss: 106.80.
Target levels: 100.30; …
The descending wave structure is truncated. Pivot 2 of the descending (blue) structure is broken. Awesome Oscillator indicates bullish divergence, and the indicator Stochastic Oscillator signals oversold.
Trading idea:
Buy on a breakout of 0.8366.
Stop-loss: 0.8338.
Target levels: 0.8400; 0.8492.
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