Laz

Laz

Bouncing back to the 10647 resistance after a 0.50 fibo retracement, the Dollar Index showed a bearish pin bar on the weekly chart. The S/T reversal to the downside has failed at the first attempt and the index now challenging the 10647 resistance level again.

Laz

XAU/USD is testing an important level at 1265. A break lower would call for a retest of the sub-1200 major low. Alternatively if the support holds we will see a bounce for another attempt to break above 1350.

Laz

Enter long here after the breakout and retest of the bearish trend channel. Target is at prior swing high at 0.9540, stop below the low of the low on the retest after the breakout at 0.9314.

Laz

Enter short at 10560 after a new weekly low and the break of a S/T rising trendline. Target 10500 on this move with stop above 10585

Laz

With its biggest weekly gain since July, the Brent crude has run into a short-term resistance near 109.00 marked by the falling S/T trend resistance and the 0.618 fibo level of the previous down leg. Look for a long entry above 109.00 while pullbacks should hold above the previous week's high at 106.55. Below that level the bias turns bearish again.