Market analysis from Tickmill
We maintain our bullish outlook on gold, prices are facing bullish pressure from our first support and intermediate support line, which also coincides with our graphical support area and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Stochastic is approaching support as well, in line with our bullish bias.
UKOIL reversed off its resistance at 64.87 where it could potentially drop further to 63.42 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Prices are facing bearish pressure from 1st resistance which is in line with 161.8% fibonacci retracement and 127.2% fibonacci extension. Prices might push down towards 1st support which is in line with 61.8% fibonacci retracement. If prices push up further, prices might face resistance from 2nd resistance which is in line with -27.2% fibonacci retracement....
Copper prices are facing bullish pressure from our first support level, in line with our 61.8% fibonacci retracement, graphical support area where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
UKOIL reversed off its resistance at 62.86 where it could potentially drop further to 61.44 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We maintain our bullish outlook on gold, prices are facing bullish pressure from our first support and intermediate support line, which also coincides with our graphical support area and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with...
Copper prices are facing bullish pressure from our first support level, in line with our 50% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Prices are facing bullish pressure from our first support and intermediate support line, which also coincides with our graphical support area and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
UKOIL bounced off 62.95 where it could potentially rise further to 65.02 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Prices are facing a bearish pressure from descending trendline and 1st resistance which coincides with 61.8% fibonacci retracement and 78.6% fibonacci extension. Prices might push down towards 1st support which is in line with 61.8% fibonacci retracement. If prices push higher past 1st resistance, it might reach 2nd resistance which is in line with 78.6% fibonacci...
UKOIL reversed off its resistance at 61.38 where it could potentially drop further to 58.95. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Prices are facing bullish pressure from our first support in line with our graphical support area and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices are facing bullish pressure from our first support level, in line with our 50% fibonacci retracement, graphical support area and 7100% fibonacci extension where we could see a bounce above this level to our first resistance target.Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Prices are facing bullish pressure from our first support in line with our graphical support area, ascending trend line and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices bounced nicely from our support level previously. We maintain a bullish view on Copper, prices are facing bullish pressure from our first support level, in line with our 61.8% fibonacci retracement, graphical support area and 78.6%, 161.8% fibonacci extension where we could see a bounce above this level to our first resistance target.Stochastic is...
Prices are facing bullish pressure from 1st support which is a horizontal swing low support which is in line with 127.2% fibonacci retracement and 127.2% fibonacci extension. Prices might push towards 1st resistance which coincides with 61.8% fibonacci retracement and 161.8% fibonacci extension. If prices fall through 1st support, prices might push towards 2nd...
UKOIL bounced off 63.81 where it could potentially rise further to 65.72 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance which coincides with 127.2% Fibonacci retracement . Prices might push down further to 1st support level which coincides with 127.2% Fibonacci retracement and 127.2% Fibonacci extension . If prices break through 1st resistance and the descending trendline, prices might...