Copper prices are testing our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
UKOIL reversed off its resistance at 68.42 where it could potentially drop further to 67.63
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Prices are facing bullish pressure from our ascending trend line and horizontal pullback support level where we could see a further push above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement, 61.8% fibonacci extension and ascending trend line where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
USDCAD is facing bearish pressure from horizontal swing high resistance in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push down towards 1st support which coincides with -27.2% Fibonacci retracement and 78.6% FIbonacci extension. If prices push up, prices might face resistance from horizontal pullback resistance in line with...
UKOIL bounced off 68.50 where it could potentially rise further to 69.86
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement, 61.8% fibonacci extension and graphical pullback support, where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Prices are facing bullish pressure from our ascending trend line and horizontal pullback support level where we could see a further push above this level. Our first support level lines up with our 50% retracement and 78.6% fibonacci extension as well
USDCAD is facing support from 1st support level in line with horizontal swing low support in line with 78.6% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal pullback resistance in line with 50% Fibonacci retracement and 127.2%. If prices push down further, prices might face support from -27.2% Fibonacci retracement and...
UKOIL reversed off its resistance at 68.48 where it could potentially drop further to 67.38
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Prices are approaching our resistance level in line with our trend line and graphical swing high resistance level, where we could see a reversal below this level. Stochastic is approaching our resistance as well where we could see a reversal below this level, in line with our bearish bias.
Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and graphical pullback support, where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Price pushed higher overnight and is approaching daily swing high on 5th May. With the moving average indicator showing support on the current entry level, we expect a medium probability bullish scenario where price could possibly push higher towards 69.73. Failure to hold above 68.34 support could see price swing the other way towards next support at 67.80.
USDCAD is facing resistance from horizontal swing high resistance, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards -27.2% Fibonacci retracement and 161.8% Fibonacci extension fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line with 127.2% Fibonacci retracement and...
USDCAD is facing resistance from horizontal swing high resistance and 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support which is in line with -27.2% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 61.8% Fibonacci retracement...
Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and graphical pullback support, where we could see a further upside above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Prices are approaching our resistance level in line with our trend line and graphical swing high resistance level, where we could see a reversal below this level. Stochastic is approaching our resistance as well where we could see a reversal below this level, in line with our bearish bias.
UKOIL reversed off its resistance at 70.00 where it could potentially drop further to 68.94
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
