Tuesday, June 8th, today’s news—WTI crude oil futures fell during Asian trading on Tuesday. On the New York Mercantile Exchange, WTI crude oil futures for July delivery are trading at $68.65 a barrel. The price of Brent oil is $71.02 per barrel, WTI—$68.81. EUR/USD is at 1.2174, GBP/USD—1.4143, gold is …
#MRK
The overall trend is upward. The downward movement tested the trend line on the weekly timeframe. Bears are approaching the support level of 72.06. Stochastic Oscillator signal oversold conditions.
Trading idea:
Buy from the support level of 72.06.
Stop Loss: 70.00.
Target levels: 79.42; 83.82; 87.08.
The descending wave pattern is truncated. The 365 and 135 moving averages signal an upward movement. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy the pair when an ascending wave pattern is …
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