GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
EUROPA METALS LTD ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), MEDIAZEST PLC ORD 0.1P, 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
Oversold and has bounced off a support. Now capture gains from the imminent bullish reversal within this wedge.
Hold till resistance/an overbought RSI.
Place stop loss at 6850
Risk/Reward ratio: 4
DCC has corrected sharply in recent weeks and now appears to be stabilizing in line with the dominant uptrend support line. The bullish divergence on the RSI is another reason to believe that a bounce could be seen in the short term.