Crude Oil weekly Report 06/ September /2010
Crude continues trading below support for the previously breached bullish channel, although the MA 50 maintains its stance as a support barrier that impedes achieving more bearish movement.
Author: ecPulse.com
Major Currencies’ weekly Report 06/ September /2010
EURUSDhe pair achieved that awaited primary targets around 1.2900 after insuring the bullish technical pattern shown previously, while momentum indicators have entered overbought areas; where we expect some fluctuation and a slant towards some minor bearish correction...
Crude Oil Morning Report 03/ September /2010
Oil extended its rise yesterday noting that trading stabilized below the subsidiary channel’s support levels that were previously breached and shifted to resistance, at 75.20. Overbought signs are appearing on the momentum indicators which adds to the...
Major Currencies’ Morning Report 03/ September /2010
EURUSDThe pair’s trading between the retested levels at 1.2770 and 61.8% Fibonacci levels at 1.2830 and it found difficulty in breaching due to the negative sings appearing on the four-hour chart momentum indicator.
DAX in Depth
After the index exited the general upside wave in a downside correctional wave, the index continues to fluctuate within the newly established upside channel retesting the breached general support above.
Crude Oil Morning Report 02/ September /2010
Oil rushed to the upside yesterday in order to retest the subsidiary channel’s support levels that were previously breached, but failed to maintain a daily closing above it. Trading is still leaning towards negativity supported by trading...
Major Currencies’ Morning Report 02/ September /2010
EURUSDThe pair assured yesterday the forming of a rising technical pattern that was mentioned in our previous reports, but stopped at the 61.8% Fibonacci levels that is forming into a resistance,
Dow Jones in Depth
Updating our expectations for August 24, the index respected our bearish scenario reaching the first target around 9915 and rebounding to retest the breached neckline for the bearish pattern which resides with the 100 MA.
Major Currencies’ Morning Report 01/ September /2010
EURUSDThe pair neared the awaited primary first target around 1.2625 rebounding to the upside due to the effect of bullish momentum appearing on the four hour chart, where the pair is losing this momentum ; whereas SMA 50...
Crude Oil Morning Report 01/ September /2010
Crude was able to breach support for the minor bullish channel paving the way towards achieving a bearish trend that targets returning within the descending channel that has previously halted to bullishly correction, as shown in our...