Oil is breaking below the strong downside resistance of 72 which is also the neckline H&S formation. A target lower in the medium and long term could be 56. To invalidate this extension lower we need to see a break above the 77 downside support level. On the weekly […]
Oil is breaking below the H&S neckline Read More »
XAUUSD is breaking above the strong upside resistance of 1940 and is heading higher. A target higher in the medium and long term could be 2070. We had an easy break above 1920 and 1940 which can indicate a significant strength for a push higher to at least 2040.
Where is $XAUUSD heading? Read More »
XAGUSD is reaching long-term support of 19.80. It is a previously broken horizontal resistance to the upside and an uptrend line along with long-term Pitchfork channel support. This support must hold for the upside continuation and another test of the most important Pivot 24. On the weekly XAGUSD
$XAGUSD must hold the support Read More »
USDJPY is reaching strong upside resistance of 136.50 which is also a 38.2% Fibonacci retracement of the swing down. A break above this level is required for the upside continuation and a test of the more important 139.50 upside resistance. It is also at the top of the channel.
Is the $USDJPY ready for a pullback? Read More »
Copper pulled back from the 2023 high of 4.400 to test a strong downside resistance which was broken to the upside of 3.9245. A break below this level could lead to a downside reversal and a test of 3.8000. A bounce from here is required for the upside extension and
Copper is testing the strong support Read More »
