United Airlines Holdings - 30d expiry - We look to Buy at 41.05 (stop at 38.25)
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
40.43 has been pivotal.
Setbacks should be limited to yesterday's low.
This stock has seen good sales growth.
We look to buy dips.
Our...
XRP - 24h expiry - We look to Buy at 0.5071 (stop at 0.4951)
Trend line support is located at 0.5070.
The sequence for trading is higher highs and lows.
We look to buy dips.
A lower correction is expected.
Prices expected to stall near trend line support.
Our profit targets will be 0.5371 and 0.5431
Resistance: 0.5200 / 0.5280 / 0.5335
Support: 0.5150 /...
The Nasdaq 100 (NAS100) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 14877.90
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 15132.35
Why we like it:
There is a pullback resistance that aligns above the 61.8%...
Ethereum (ETHUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1664.28
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1698.49
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci...
NZDJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 88.898
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 89.699
Why we like it:
There is a pullback resistance that aligns above the 78.6% Fibonacci...
UDSCAD is trading close to an overlap support and could potentially bounce higher towards our take profit target.
Entry: 1.36942
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 1.36334
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement level
Take Profit:...
Ethereum - 24h expiry - We look to Sell at 1623 (stop at 1655)
Posted a bearish triangle formation.
A break of 1625 is needed to confirm the outlook.
The lack of interest is a concern for bulls.
The bias is to break to the downside.
We look for losses to be extended today.
Short term momentum is bearish.
Our profit targets will be 1543 and 1523...
Kinder Morgan - 30d expiry - We look to Buy at 16.15 (stop at 15.51)
Support is located at 16.00 and should stem dips to this area.
16.00 has been pivotal.
Offers ample risk/reward to buy at the market.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Prices have reacted from 15.89.
16.00...
HS50 - 24h expiry - We look to Sell at 17740 (stop at 17940)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
The trend of lower highs is located at 17928....
The Pound (GBPUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.22629
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1.24457
Why we like it:
There is an overlap resistance that aligns with the 38.2%...
The Euro (EURUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 1.06165
Why we like it:
There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1.07659
Why we like it:
There is an overlap resistance that aligns with the 38.2%...
Dow Jones (DJ30) could rise towards an overlap resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 33279.95
Why we like it:
There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 33798.50
Why we like it:
There is an overlap resistance that sits above the 38.2% Fibonacci...
WTI (USOUSD) is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 86.216
Why we like it:
There is an overlap resistance level
Stop Loss: 88.140
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 83.803
Why we like...
Procter and Gamble Co - 30d expiry - We look to Buy at 142.52 (stop at 138.52)
The primary trend remains bullish.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
The previous swing low is located at 141.90.
141.90 has been pivotal.
Preferred trade is to buy on dips.
This...
Bitcoin - 24h expiry - We look to Buy at 27300 (stop at 27000)
Short term bias has turned positive.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Expect trading to remain mixed and volatile.
Previous resistance at 27231 now becomes support.
Bias is mildly bullish today but we need to see a...
GBPAUD - 24h expiry - We look to Buy at 1.9100 (stop at 1.9020)
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9200 will confirm the bullish momentum.
Short term RSI is moving higher.
Our profit targets will be 1.9300 and 1.9350
Resistance: 1.9200...
NIK225 - Intraday - We look to Buy at 31250 (stop at 31000)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 31251. The hourly chart technicals suggests...
NORTHERN OIL AND GAS - 60d expiry - We look to Sell at 39.40 (stop at 41.60)
Posted a Double Top formation. The overnight rally was sold into and follow through bearish momentum resulted in prices posting net daily losses. Trades at the lowest level in 10 weeks. In line with the possible early stages of a head & shoulders pattern and the strong rejection of...
