Daily reviews

#BA

The general trend is downward. The stock is trading in the 365 and 135 EMA range. The mirror level of 172.40 is holding the buyers back. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator signals overbought.

Trading idea:

Sell on the formation of a downtrending wave …

The general trend is upward. The currency pair is trading within the range of the lower boundary of the main upward price channel and the upper boundary of the internal correctional price channel. The Awesome Oscillator indicator has bullish divergence, and the Stochastic Oscillator indicator signals oversold.

Trading idea:

Buy …

Commodities market

As weak manufacturing data from China and Japan signaled a smaller demand outlook, oil prices dropped today. Brent crude futures were down 0.8%, and WTI crude slid 1.2%.

Key tickers:

Brent: 103.51 — neutral.

WTI: 97.47 — strong sell.

NG: 7.921 — strong sell.

Foreign exchange market

The …

Gold continues its bullish movement, as it reached the 1770.00 resistance at the end of last week's trading, and it is trading positively today and trying to test the mentioned resistance level and breach it and confirm the bullish scenario and the target will be to reach the level of …

The pound against the dollar was able to breach the resistance level of 1.2175 and is trying to stabilize above it in an attempt to complete the bullish path and reach the next target at the value of 1.2260, which it approached at the end of last week's trading.

In …

The euro against the dollar continues to move sideways between the level 1.0250 as a resistance level and the level of 1.0170 as a support level, as it did not form any new movement for more than a week, to continue our expectations for the price movement last week. We …

#BAC

The general trend is downward. The currency pair is trading in the 365 and 135 EMA range. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator indicator.

Trading idea:

Sell on the formation of a downtrending wave structure where wave (A) breaks the …

The general trend is downward. Resistance level 1.4127 is holding back the buyers. A reversal pattern "Key level" is forming.

Trading idea:

Sell on a breakout of 1.4103.

Stop-loss for the resistance level 1.4127.

Target levels: 1.4080; 1.4047.

Commodities market

Oil was up today as investors focused on the OPEC+ meeting next week when the block will decide the oil output. Brent crude futures were up 0.03%, and WTI crude futures jumped 0.28%.

Key tickers:

Brent: 102.58 — strong buy.

WTI: 97.31 — neutral.

NG: 8.169 — strong …

Gold managed to break the main resistance level 1746.80 and continued rising, and reached the next target at the value of 1765.60, to confirm the continuation of the bullish scenario, whose targets are likely to extend to the level of 1777.00.

The bearish movement comes with positive support from the …