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The support level of 1.1564 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. Awesome Oscillator indicates bullish divergence. On the H4 and H1 timeframes, a key reversal pattern was formed.

Trade idea:

Buy on the breakdown of 1.1628.

Stop-loss: …

Commodities market

Oil prices rose today as supply shortages were strong enough to cancel out fears of slackening fuel demand. Brent crude rose 0.6%, and WTI crude rose 0.8%.

Key tickers:

Brent: 94.75 — neutral.

WTI: 89.20 — buy.

NG: 8.096 — strong sell.

Foreign exchange market

The U.S. dollar …

Gold was able to breach the previous top and approached 1800.00 levels to complete the bullish path that aims to breach 1800.00 levels and reach 1830.00 in the medium and long term.

The negative signal from the stochastic indicator might make us witness some bearish correction until the support levels …

The pound against the dollar continues to move sideways below the resistance 1.2175, as it did not form any change from yesterday's movement.

The pound sterling against the dollar settled below the 1.2175 level around the moving average 50, pressing the price to rise again and breach the 1.2175 level. …

The EUR/USD pair reached the resistance level of 1.0250 after rebounding from the support 1.0170 to continue the sideways path between the two previous levels.

Stochastic is giving a negative sign for the movement, so we are likely to see a bearish correction and a drop in the price to …

#SWN

The "flag" trend continuation pattern is forming. Mirror level 6.40 is restraining the sellers. A bullish divergence forms on the Awesome Oscillator indicator, and the Stochastic Oscillator is signaling oversold.

Trading idea:

Buy on a breakout of 6.65.

Stop Loss: 6.40.

Target levels: 6.91; 7.46.

The support level of 83.44 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. The Awesome Oscillator indicator has bullish divergence. An entry point "on the pullback B" is formed.

Trading idea:

Buy on the formation of an upward wave …

Commodities market

Oil prices rose today as supply concerns triggered a bounce from multi-month lows. Brent crude futures rose 0.1%, and WTI crude futures rose 0.2%.

Key tickers:

Brent: 96.27 — strong sell.

WTI: 90.41 — strong sell.

NG: 8.277 — сильный тренд на покупку.

Foreign exchange market

The U.S. …

Gold prices returned to stability above the 1770.00 resistance after yesterday's correction. Thus, we maintain the bullish scenario, which will likely push the price to retest the 1783.00 resistance level again. But in general, we remain in anticipation for the US data that will be released tomorrow, Friday, which will …

The pound sterling against the dollar settled below the support level of 1.2175, when yesterday's trading was confined between the mentioned support level and the moving average level 50, which pressures the price to rise again and breach the 1.2175 level.

The moving average supports the bullish scenario, as a …