GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, GREATLAND GOLD PLC ORD 0.1P, SBERBANK OF RUSSIA ADR (EACH REPR 4 ORD SHS), UK OIL & GAS PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Possible H+S top formation in XLE
Could lead market to the downside along with XLF which is also about to break a 2+ year uptrend
We have been bullish US Energy since early 2016, but price action in the past months is beginning to give us some cause for concern.
With the 50% retracement of the 2014-2016 fall now reached, but not decisively broken, and stochastics very overstretched, we believe a corrective pullback is now developing.
Additonally, the Energy sector is also showing signs of ...