Technical Articles

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Oil Breaks Support Level - 0.81% Lower On Today's Session
2 years ago

Goldman Sachs commented on oil markets this morning saying 'Robust US Oil Demand Trends Continued In March, Overall Demand Rose By 2.6% (Estimate 1.0%)' and looking forward they see 1.8 Mn BpdIn 2018 Gl...
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US Dollar Pullbacks With Expectations Of A Retracement
2 years ago

Markets have stumbled back into action today more than anything else, with the USD pullback testing some acknowledged levels against the majors but running into good support as rate differentials remain a key driver for some....
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Copper Is Trading 0.20% Higher This Morning
2 years ago

Asian shares made a move in the right direction as they react to last weeks jobs report, shrugging off negative sentiment from the trade wars. The Nikkei performed well rising 1.39%, ASX 0.59% and the Shanghai Comp. 0.60%, wi...
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Oil collapses from highs, expecting $64.30 to be achieved
2 years ago

Spot WTI has fallen heavily from highs since there has been a suggestion of OPEC removing the production cuts. At key support points, there have been bids entering the market which does suggest that traders are looking for a ...
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Gold has suffered from the strength in the US Dollar
2 years ago

Gold has suffered from the strength in the US Dollar of late and a strong payroll report didn't do much for the precious metal either. Moves to the upside are favorable if the trendline in the chart holds. Having said tha...
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Little reason to shy away from USD
2 years ago

The USD looks slightly toppy at these levels but that's not to say it will not retest the highs. Any close below 94 would be a strong indication that the market is fed up with the strong USD narrative.  The 95 level ...
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The tide has certainly turned in the EUR/USD...
2 years ago

Above is the daily chart and below is the weekly, currently they are painting two different pictures. From a technical perspective, the daily is looking like a trend following the pattern and a close on Monday below...
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Gold is looking at continuing its recent decline to reach $1200
2 years ago

What a run GOLD has embraced. After a breakout through the $1325 weekly res level with the most responsive retest as support, Price has rallied through the major $1350 level into a new and all-important supply region. Make...
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