Market analysis from Tickmill
Gold bounced off our support at 1936.90 where we could see a bounce above this level to our resistance at 1959.84. . Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
USDCAD broke out our upside confirmation at 1.3207 where the horizontal pullback support and 61.8% fib retracement are. Price could ride the trend and go higher towards 1st resistance at 1.3259. EMA also indicates that further upside will come.
Copper bounced off support at 2.98025 where it could potentially rise further to 3.02015. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
UKOIL reversed off its resistance at 42.42 where it could potentially drop further to 40.58. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Price is facing bullish pressure from our Ichimoku cloud where a break above our upside confirmation level could provide the bullish acceleration to our first resistance target at 3.09717 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Gold is facing bullish pressure from our intermediate support at 1950.02 where we could see a bounce above this level to our resistance at 2016.43. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
UKOIL bounced off 40 .99 where it could potentially rise further to 41.51 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Neutral Outlook for UKOIL as technical indicators are mixed. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Gold is facing bullish pressure from our intermediate support at 1955.09 where we could see a bounce above this level to our resistance at 2016.43. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Price is facing bullish pressure from our 20 period EMA and Ichimoku cloud where a break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
USDCAD is testing the downside confirmation at 1.3163 where the horizontal swing low is. If price closes below this level, it could indicate further downside to come. MACD is also indicating more bearishness to come.
USDCAD is testing the downside confirmation at 1.3163 where the horizontal swing low is. If price closes below this level, it could indicate further downside to come. MACD is also indicating more bearishness to come.
UKOIL bounced off 39.70 where it could potentially rise further to 40.58 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Gold is facing bullish pressure from our intermediate support at 1938.79 where we could see a bounce above this level to our resistance at 1990.64. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Copper broke its descending resistance trend line and is facing bullish pressure from our Ichimoku cloud and EMA where a break above our upside resistance could see a push up to our first resistance target at 3.09717 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Price is facing bearish pressure from the first resistance level, in line with 61.8% fib retracement and horizontal swing high where we could see a drop to our support level where the 61.8% fib retracement and horizontal overlap support are. Stochastics is also showing that more bearishness is possible.
Gold is facing bullish pressure from our intermediate support at 1938.79 where we could see a bounce above this level to our resistance at 1990.64. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks