Oil is in a tricky area where it can continue its upward climb and break resistance at 66.30 or break the trend line, support at 63.325 and the 50 zone in the RSI and potentially seek other support at 58.495. For further analysis please contact me via my email address: amanssourilias.t@gmail.com
Gold is back on a huge support that it broke during the month of July. I am impatiently waiting to see what this decline will generate as a consequence because if it breaks this resistance with force there is a strong probability that the latter will enter the last zone were the Gold evolved since 2009 (1045 - 1850) or else if it is only a rebound I think that...
The OIL started a recovery in late August and then entered a RANGE which lasted approximately 10 days between the Zone of “22.400 and 27.600”, it subsequently rebounded before stopping its progression in a long RANGE of a month and a few days in the zone between “37.180 and 42.500” however the OIL has just broken a resistance “42.600” and it is in the process of...
We notice that the ZB is on an uptrend and that the price condenses more and more in a triangle which means that it will soon take a direction. In addition, it is close to the 182 spotting zone thanks to the FIBONACCI configuration, which means that it will necessarily be able to break this resistance. In my opinion, I will wait until this configuration is...
Breaking of a RANGE from the top which lasted approximately one month, we also notice a stagnation in the zone included between 177 and 178 according to the FIBONACCI configuration. I think the FGBL will stagnate for a little while before breaking the next area up and heading towards the 180s or it will come back to its previous area.