#RRC
The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Bears have tested the lower border of the ascendant price channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms.
Stop-loss: 23.30. …
The ascendant wave structures are truncated. The round intermediate level 0.9750 restrains buyers. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over …
Commodities market
Oil rose slightly today amid global supply concerns. Brent crude futures rose 0.5%, however, both WTI and Brent are still set for a second weekly loss. The $10.73 tumble was the third largest since Brent started trading.
Key tickers:
Brent: 104.70 — sell.
WTI: 102.44 — strong sell. …
Don't have your language?
