FTSE in Depth
After consolidating below the support for the medium term upside wave, which was breached early May, the index completed a Head & Shoulders pattern and breached its neckline at 4980.
Author: ecPulse.com
Crude Oil Morning Report 01/ July /2010
Crude succeeded in achieving yesterday’s suggested bearish direction, where it was able to breach pivotal support 75.20 as trading currently stabilizes at support for the bullish short term channel at 74.60.
Major Currencies’ Morning Report 01/ July /2010
EURUSD SMA 50 was able to halt the pair’s upside push as bearish signs helped it through Stochastic indicator, where the pair is currently heading towards pivotal support around 1.2150; representing the suggested neckline for the bearish technical...
Crude Oil Midday Report 30/ June /2010
Crude strongly pushed to the upside after breaching 75.75 but halted at the MA 50, in addition to 38.2% Fibonacci correction, standing as a barrier in front of achieving more upside movement.
Major Currencies’ Midday Report 30/ June /2010
EURUSD The pair strongly rushed to the upside and is nearing the retest level for yesterday’s breached channel around 1.2315. The 50 MA is attempting to impede restrict more bullish movement, with stochastic entering overbought areas. Our...
CAC in Depth
After the index breached the support for the medium term upside wave on April 27, while confirming the breach with several retest attempts, the index rushed to the downside correcting the entire upside move that started from...
Major Currencies’ Morning Report 30/ June /2010
EURUSD The pair reached halfway towards the awaited target yesterday at 1.2070, returning to attempt a retest for the previously breached support at 1.2210. Yesterday’s closing below the mentioned levels makes us expect the bearish intraday trend to...
Crude Oil Morning Report 30/ June /2010
Crude respected yesterday’s scenario, stabilizing around the pivotal level at 75.75. Crude’s stability below this level signals the likelihood for further bearish movement, with a bearish pattern seen with the neckline at yesterday’s recorded bottom of 75.20.
Crude Oil Midday Report 29/ June /2010
Crude succeeded in breaching awaited morning support at 77.20 to activate the bearish trend’s scenario and is nearing the first key target at 75.75. From here, morning expectations will remain intact as we could witness some fluctuation to...
Major Currencies’ Midday Report 29/ June /2010
EUR USD The pair was able to breach the support mentioned this morning at 1.2210 activating the bearish scenario; therefore, we expect a bearish direction for today, where its key targets are around 1.2070 and require stability below...