SPX retesting the broken descending wedge SPX is retesting the broken wedge resistance 3600 and also the long-term uptrend channel support. A bounce from here again and a break above 3660 are required for this upside reversal pullback to be finished and an upside reversal to be confirmed for […]
SPX reversal higher needs confirmation Read More »
Copper is squeezed in a tight 3.2-3.4 range The copper is likely going for a break above 3.6. A break above 3.6000 is required for an upside reversal and a strong swing higher. Now only a confirmed break below 3.2000 can lead to an invalidation of the large swing
Copper gets squeezed for a large swing Read More »
Oil is breaking above 85 The Oil is breaking above the falling wedge resistance 85. This break is a sign of the upside reversal and continuation higher and is coming after the strong bounce off the long-term uptrend support 77. A break above 90 will lead to an acceleration
Oil reversal upside to gain traction Read More »
XAUUSD is breaking above 1720 XAUUSD is breaking above the strong resistance of1720. This break of the long-term falling wedge could lead higher to 1800 which is the most important upside continuation resistance. The downside breakout of the long-term uptrend has been completely invalidated. Note: look for the long
XAUUSD breaking above the strong resistance Read More »
NZDUSD bouncing off 0.5600 NZDUSD is reversing higher from the long-term support of 0.5600 which is close to the March 2020 low. This bounce could lead to a strong rally higher into 0.6000 which is the key upside reversal resistance before 0.6200. The strong rejection higher from 0.6200 is
NZDUSD bouncing off the long-term support Read More »
