|
Crude Oil retests – Analysis - 01-08-2016
Crude oil price is retesting the previously broken 38.2% Fibonacci level that turns into key resistance at 41.87, accompanied by stochastic reach to the overbought areas, besides the continuous negative pressure provided by the EMA50.
As we mentioned in our recent reports, holding below this level will keep the negative scenario valid for the upcoming period, therefore, these factors make us keep our bearish overview that its next target located at 38.84, taking into consideration that breaching 41.87 followed by 42.80 levels will stop the expected decline and lead the price for recovery attempts and regain the main bullish trend.
Expected trading range for today is between 38.84 support and 43.00 resistance.
Expected trend for today: Bearish
Thanks for your feedback.
Silver begins positively – Analysis - 01-08-2016
Silver price opens today's trading with clear positivity to approach gradually from our first main waited target at 21.12, supported by the EMA50, to keep our bullish overview valid and active for the upcoming period, waiting to surpass the mentioned level to confirm extending the bullish wave towards 22.00 followed by 22.40 areas.
MoreGold resumes rising – Analysis - 01-08-2016
Gold price provided clear positive trading on last Friday after leaning on the EMA50, to fluctuate around 1250.00 level now, waiting for more rise to test the previously recorded top at 1375.00 as a next main station.
MoreUSDCAD retests – Analysis - 01-08-2016
The USDCAD pair showed clear negative trades on last Friday to settle at the key support 1.2985, and as we mentioned in our recent reports, holding above this level represents the condition of continuing the expected positive scenario on the intraday basis, which targets testing 1.3310 level mainly.
More