I am looking at how price responds to these two levels to see where to expect things to go. Right now I see this is a high probability area to go short targeting 16000 support level. If price is able to form a base here than we could see a break above 18500
I am seeing a new bearish trend developing on the US Dollar, looking for one more pullback to get short. This looks like a lower high, with take profit close to 94.5, perhaps lower.
I see a false break and potential high 33-7-34.8 level, low risk stop loss with take profits at 28, and lower, very good RR
weakish bounce from support zone, looks like bulls are abandoning the fight, watch for breakdown. You can compare this bounce with previous bounces and see how much weaker it is, and it looks like bears are capping the upside. I am guessing bearish breakout with aims at lows .63
Looks like a very weak bounce from the bulls at the level, with 20ema containing upside, I am looking for the 20 ema to act as dynamic resistance for a break below
Oil was made a lower low followed by impulsive buying. We'll see how the with trend bears react, but I am looking for a buy zone close to the counter trend impulsive move around 27.3-27.6, stop close to 26, with an attack at 34, possibly higher.
Bulls have been getting stronger with a higher push into swing high level (76.6), along with 2 higher lows. If bulls can break past 76.8 looks like the beginning of a strong reversal, till 79.3, and perhaps 83.5