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Crude Oil Progressive Bull Trend Confronts 6-Year Resistance: Break or Hold?


Crude Oil Progressive Bull Trend Confronts 6-Year Resistance: Break or Hold?
2021-07-10 04:00:00
John Kicklighter,
Chief Strategist
Crude Oil Technical Forecast Talking Points:
Crude oil closed Friday in the red, breaking a run of six consecutive weeks’ advance
The prevailing technical trend is still firmly bullish until there is a break below the 50-day moving average and trendline support stretching back to November at 68
Volatility from this past week coincides with a general risk market shudder but the stall at 76 exerts technical weight in a long-term double top and Fib
What time frame you evaluate a market on can render a very different perspective on what bearing and tempo you register. Crude oil on a weekly or month chart looks like it is powered by a momentum-backed bull run. However, on the daily and lower periodicity charts, there is a more prominent sense of reluctance recently that bestows greater weight to an already impressive techn ....

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AUDUSD: The Critical Ingredient for Head and Shoulders Patterns

AUDUSD: The Critical Ingredient for Head and Shoulders Patterns
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Technical Patterns Talking Points , Day Moving Average , Week Moving Average , நாள் நகரும் சராசரி , வாரம் நகரும் சராசரி ,

AUDUSD Forecast: Risk Appetite Is Aussie Dollar's Charge for New Highs


(MENAFN - DailyFX) AUDUSD, AUDJPY and AUDNZD Technical Forecast Talking Points:
AUDUSD put in for a 1.1 percent advance this past week putting the benchmark market in striking distance of 2021 highs
A larger structural bull trend is going through a period of congestion which awaits a clear break between 0.7820 and 0.7560 for AUDUSD
AUDJPY is more highly tuned to risk trends with a new two-year high facing heavy Fib resistance while AUDNZD deals with congestion
Technical Forecast for Australian Dollar : Bullish
AUDUSD Rebound Solid but Shy of Two-Month Range Top
With risk appetite under bullish power this past week though the participation in that rally was uneven across different assets the Australian Dollar was in a good position to take advantage of the tail wind. The currency gained across most of its major crosses with AUDUSD making something significant out of a hold at the very end of the past week of the post-Pandemic recovery trendline ....

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