Tuesday, March 2nd, today’s news—global markets are mixed after hitting several-month highs yesterday. Low commodity prices weigh on European stocks, dollar moves higher, new data indicate rising unemployment in Germany and Spain. The price of Brent oil is $63.59, WTI—$60.66, EUR/USD is at 1.2014, GBP/USD—1.3872, gold is $1,720.70 per ounce. …
#DUK
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition. The inclined channel of the descending pattern is broken.
Trading idea:
Buy when an ascending pattern 1-2-3 is formed above 88.04.
Stop Loss: 85.80;
Target levels: 90.00; …
The "hammer" reversal pattern has ended the last week with a false breakout of the support level. Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy from the round important level of 1.6500.
The stop loss under the local minimum: 1.6300.
Target levels: 1.6840; 1.7200; 1.7900.
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