We maintain a bullish view on Copper. Currently, copper prices are testing our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first...
UKOIL bounced off 67.96 where it could potentially rise further to 68.90
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USDCAD is facing bearish pressure from descending trendline resistance as well as 1st resistance which coincides with 78.6% fibonacci resistance. Price might push towards 1st support which is in line with 127.2% fibonacci extension and -27.2% fibonacci retracement. If prices push higher, it might take resistance from 2nd resistance which is in line with 127.2%...
Prices are facing bullish pressure from our first support in line with our graphical support area and 23.6% fibonacci retracement 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.
USDCAD is facing bearish pressure from descending trendline resistance as well as 1st resistance level which coincides with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might pullback all the way to 1st support which coincides with 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices are also below moving average, showing a...
Copper prices are approaching our first support, in line with our 61.8% fibonacci retracement, graphical support area and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing...
UKOIL bounced off 69.34 where it could potentially rise further to 70.32
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 our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Copper prices are approaching our first resistance, in line with our descending trend line where we could see a further drop below this level. Stochastic is approaching resistance as well, in line with our bearish bias.
USDCAD is facing bullish pressure from 1st support in line with 78.6% fibonacci retracement and 161.8% fibonacci extension. Prices might push up to 1st resistance which coincides with 61.8% fibonacci retracement and 100% fibonacci extension. Stochastics is also showing that it is facing bullish pressure as it is taking support from 1.78 level.
UKOIL bounced off 69.34 where it could potentially rise further to 70.32
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
UKOIL bounced off 68.11 where it could potentially rise further to 69.17
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper prices are approaching our first resistance, in line with our descending trend line where we could see a further drop below this level. A break below our downside confirmation level could see a further drop to our first support target. Ichimoku cloud are showing signs of bearish pressure as well, in line with our bearish bias.
Prices broke our upside confirmation level to push higher yesterday. Currently, price is facing bullish pressure from our ascending trend line and first support level, in line with our horizontal pullback support and 23.6% fibonacci retracement where we could see a further upside above this level to our first resistance target. Ichimoku cloud is showing signs of...
UKOIL bounced off 66.60 where it could potentially rise further to 67.79
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
USDCAD is facing bearish pressure from 1st resistance which is in line with 61.8% fibonacci retracement and 100% fibonacci extension. Prices might push down towards 1st support which is line with 100% fibonacci extension and 127.2% fibonacci retracement. Stochastics is also showing resistance from the 83.84 level.
Price is approaching our first support, in line with our horizontal pullback support, 61.8% fibonacci extension and 50% fibonacci retracement where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper prices reversed nicely from our first resistance and are facing bearish pressure from our descending trend line where we could see a further drop below this level. A break below our downside confirmation level could see a further drop to our first support target. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our...
