Daily reviews

The EUR/USD pair continues to move sideways around the support level 1.0170, as it has been moving around it since the beginning of the week after it failed to maintain the gains it achieved last week. Attention remains on the US data that will be released tomorrow, Friday, which will …

#GWILLY

The mirror level of 11.70 is holding the sellers back. The downward wave structure is truncated. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold. An entry point is formed on a B pullback.

Trade idea:

Buy on the formation of an upward …

The general trend is downward. Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downtrending wave structure, where wave (A) breaks the inclined channel of the ascending structure.

Stop-loss for the local maximum of the ascending structure.

Target levels: 0.6004; 0.5970.

Commodities market

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.

Commodities market

Oil prices edged lower today as investors suggest a global manufacturing downturn as major crude producers meet this week to determine the supply volumes. Brent crude futures dropped 0.2%, and WTI crude futures slid 0.1%.

Key tickers:

Brent: 99.90 — sell.

WTI: 94.13 — neutral.

NG: 8.124 — …

Gold was able to break the resistance level at 1772.00, continuing the current bullish path, which is likely to extend to the level of 1783.00 as a first target. The moving averages support the price to continue in the bullish scenario as it moves below it within an ascending order. …

The GBP/USD pair achieved the bullish target and reached the resistance level 1.2260 in an attempt to complete the bullish path, breach this level, settle above it, and then try to reach the next target at the value 1.2330.

We are currently witnessing a bearish correction to the downside due …

The EUR/USD pair slightly breached the resistance level of 1.0250 during yesterday's trading. Still, it returned to the corrective decline at the beginning of the morning trading, affected by the negativity of the stochastic indicator, which is likely to push the correction to extend to the EMA20 level before it …