Meanwhile, crude oil prices continued to tread water as expected absent fresh news-flow shaping expected supply trends. If the move is sizable, that may echo into USD-denominated oil prices. Alternatively, a turn below Triangle top resistance-turned-support at 53.64 exposes trend line support doubling as the Triangle floor, now at 52.26. Chart created using TradingViewCRUDE OIL TECHNICAL ANALYSIS – Crude oil prices continue to mark time, failing to follow through after the completion of a bullish Triangle chart pattern. From here, a daily close above the 55.21-65 area (January 3 high, 38.2% Fibonacci expansion) exposes the 50% level at 57.18.
As it stated in
As it stated in
read more visit us gold
collected by :Jack Luxor
As it stated in
As it stated in
Gold Prices Prepare For Markets Next Breakout
Talking Points:Gold Prices Prepare For Markets Next BreakoutKey Support is Found at $1,245.38Looking for additional trade ideas for Gold and the US Dollar ? Technically, gold prices may be interpreted as bullish in the short term. In this scenario, traders may look for gold prices to challenge last week's low found at $1,226.23. In this US Dollar bearish scenario, it would be reasonable to expect gold prices to rally. This move may then be followed by a larger breakout under triangle support found near 100.77.read more visit us gold
collected by :Jack Luxor
Comments
Post a Comment