MarketBreakdown | WTI Crude Oil, AUDUSD, Silver, Dollar Index
Updated
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ WTI Crude Oil - Daily time frame 🛢️
The market is sharply bullish.
The price is growing within an expanding wedge pattern.
Try to catch a trend-following movement from a support of the wedge
and look for scalp shorting from its resistance.
2️⃣ Dollar Index - 3 days time frame 🇦🇺🇺🇸
For the last three months the pair is consolidating.
The market is stuck within a horizontal trading range.
0.70 is its support.
0.73 - 0.731 is its resistance.
The market is currently approaching the upper boundary of the range.
Look for shorting opportunities from that or if you are bullish biased, consider a bull breakout trade.
3️⃣ Silver - Weekly time frame 🪙
The market recently broke a major falling trend line.
Now we see its retest.
I expect a bullish continuation at least to 25.6 level and then potentially to 26.4.
4️⃣ Dollar Index (DXY) - 3 days time frame 💵
Current geopolitical situation pushes the index to new highs.
The market is growing within an expanding wedge pattern and for now I expect
a bullish trend continuation within its boundaries till the situation is not resolved.
(something tells me that it won't be fast)
❤️Please, support this idea with a like and comment!❤️
Note
Watch my new video on Oil: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.