#OXY
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The inclined channel of the descending pattern is broken. The 1-2-3 pattern is formed. Awesome Oscillator indicator shows a bullish divergence.
Trading Idea:
Buy above 27.80.
Stop Loss: 25.32.
Target levels: …
The pair is slightly correcting downwards after Friday's rebound, caused by an increase in demand for risky assets, which put pressure on the US dollar. If the general market sentiment is neutral, expect the pair to continue its corrective decline.
Technical side:
The price is located above the middle …
Friday, March 26th, today’s news—oil is up 2% on the Suez Canal blockage that may last for weeks. Markets of Europe and Asia recover, but pandemic worries still weigh, American stocks rise following Dow's turnaround yesterday, dollar weakens. The price of Brent oil is $63.23, WTI—$59.92, EUR/USD is at 1.1793, GBP/USD—1.3784, …
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