Daily reviews

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 …

The pound against the dollar continued its bullish movement and managed to break the resistance level 1.2175. It is approaching the next resistance at the value 1.2260 in an attempt to complete the current bullish path.

Technical indicators support the bullish scenario as the averages move below the price within …

The EUR/USD pair rose and reached the resistance 1.0250 again in an attempt to breach this level and start the bullish path. And try to reach the target 1.0330.

The bullish movement comes with positive support from the moving averages and the stochastic indicator.

It should be noted that the …

#FB

The 159.09 support level is holding back the sellers. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator is signaling oversold. A "hammer" reversal pattern has been formed on the daily timeframe.

Trading idea:

Buy on a breakout of 161.46.

Stop-loss under the support level 154.09. …

The general trend is downtrending. The ascending wave structure is truncated. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

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

Stop-loss under …

Commodities market

Oil prices rose more than $1 today, buoyed by improved risk appetite. Brent crude futures rose 1.1%, and WTI crude futures rose 1.3%.

Key tickers:

Brent: 103.19 — strong buy.

WTI: 98.81 — strong buy.

NG: 8.559 — strong sell.

Foreign exchange market

The U.S. dollar dropped to a …

Gold managed to rise with the support of the American news and is approaching the target 1746.80 in an attempt to complete the bullish path, which is confirmed by breaking the mentioned resistance level. The next target will be the level of 1765.00.

The ascending path comes with the support …

The pound sterling dollar pair rushed upwards and reached the first target at the level of 1.2175 and is trying to breach it and complete the ascending path and reach the level of 1.2260. This is supported by the positive support of the moving averages and the positive signal of …

The EUR/USD pair tested the support level 1.0100, then rebounded upwards very strongly, breaching several resistance levels, and it is currently approaching the primary resistance 1.0250. This is supported by the positive support from the moving averages and the stochastic indicator, which is moving to the upside. Therefore, the bullish …