DAX in Depth
After the index departed the ascending channel seen over daily basis, the index carried many attempts to retest the beached support within an upside wave structured by the minor ascending channel shown below.
Author: ecPulse.com
Major Currencies’ weekly Report 16/ August /2010
EURUSDThe pair succeeded at achieving a sharp descend, where it has halted at pivotal support 1.2730 that represents the suggested neckline for the bearish technical pattern, which could help resume more bearish movement on the short run....
Crude Oil weekly Report 16/ August /2010
Crude continues its descend last week halting at $75.00 per barrel, where it has currently rebounded to the upside due to positive signs on momentum indicators appearing clearly through the four hour chart.
Palladium in Depth
The metal departed the short term descending channel after breaching its resistance yesterday at 468.00; as well it managed to breach the 20 MA to start an upside correction seen on the daily chart below.
Crude Oil Morning Report 13/ August /2010
Crude succeeded in achieving yesterday’s suggested bearish direction flawlessly, touching the awaited targets between 75.80 – 75.65 as it’s currently starts a bullish correction due to the clear oversold signs appearing through momentum indicators.
Major Currencies’ Morning Report 13/ August /2010
EURUSDThe pair is finding difficulty in breaching 1.2830 the pivotal support from the positivity of momentum indicators that have started to gradually lose bullish momentum, thereby pointing to near chances of resuming more negative pressure on the...
Dow Jones Index in Depth
Over four-hour basis we can see a rising wedge formation which has influenced trading recently, where the index beached the support yesterday after a successful retest to the previously breached support at 10580 which turned into resistance.
Major Currencies’ Morning Report 12/ August /2010
EURUSDThe pair has sharply descended since yesterday touching 61.8% Fibonacci correction around 1.2830 and rebound to the upside calmly, due to the positive effect of momentum indicators. We expect a breach of the previous bullish channel that...
Crude Oil Morning Report 12/ August /2010
Crude succeeded in breaching the awaited support for the ascending channel pointed out in our reports yesterday, where the bearish trend has halted at 50% Fibonacci correction for the bullish short term wave that has stabilized within...
Crude Oil Morning Report 10/ August /2010
Crude’s trading has stabilized below the pivotal level 81.75 as it points to more bearish movement that is still suggested to retest the initial neckline at 79.35, while trading continues in a natural manner within the bullish...