Copper prices bounced nicely from our first support previously to reach our resistance target. We maintain our bullish outlook on Copper as prices are facing bullish pressure from our first support in line with our 61.8% fibonacci retracement and 78.6% fibonacci extension. A break above our upside confirmation level could see a further push up to our first...
Price is facing bearish pressure from our first resistance where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Copper prices are approaching our first support, in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension, where we could see further upside above this level. Stochastic is showing a bullish divergence as well, in line with our bullish bias.
UKOIL reversed off its resistance at 63.34 where it could potentially drop further to 61.57.
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USDCAD is facing bullish pressure from 1st support at 1.26380, in line with 61.8% fib extension, 61.8% fib retracement and horizontal swing high resistance. We could see a further push towards 1st resistance at 1.27478 where the 100% fib extension is. MACD is also showing that prices are facing bullish pressure.
Price is facing bearish pressure from our resistance, in line with our descending trend line, where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Copper prices are facing bullish pressure from our first support, in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension, where we could see further upside above this level.
USDCAD is facing bearish pressure from its 1st resistance at 1.27478, in line with 100% fib extension and horizontal swing high resistance. We could see a further drop towards 1st support at 1.26538 where the 61.8% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support is. Stochastics is also showing resistance against the 86.26 level.
UKOIL reversed off its resistance at 65.68 where it could potentially drop further to 64.59
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 its 1st resistance at 1.26143, in line with 78.6% fib retracement, 100% fibonacci extension and horizontal swing high resistance. We could see a further drop below this level towards 1st support where the 61.8% fibonacci extension and horizontal swing low support is. Ichimoku cloud is also suggesting that prices could drop.
Copper prices are facing bullish pressure from our first support, where we could see further upside above this level. Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Price is facing bearish pressure from our resistance, in line with our descending trend line, and a break below our downside confirmation level could see a further drop to our first support target.
UKOIL reversed off its resistance at 66.86 where it could potentially drop further to 65.70.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Price currently holding above ascending trendline support. A rise above 1st support at 66.63 towards 1st resistance at 68.10 and 2nd resistance at 69.02 could be likely.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper prices are facing bullish pressure from our first support, where we could see further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Price is facing bearish pressure from our resistance, in line with our descending trend line, horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level. Stochastic is facing resistance from our resistance at 97.95 where we could see a reversal below this level as well.
UKOIL reversed off its resistance at 65.46 where it could potentially drop further to 63.92.
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 its 1st resistance at 1.2581, in line with 127% fib retracement and horizontal overlap resistance. We could see a further drop below this level towards 1st support where the 161.8% fib retracement is. EMA is also suggesting that price could drop further.
