London Session Update: - Asian session quiet as Japan saw on public holiday - CL1! consolidating around $59-$60 forming falling wedge pattern - Bank of Canada due to release Business Outlook Survey this afternoon (15:30 - GMT London)
Asian Session: - ASX200 breaks all time highs breaking past strong resistance level of 6850-70 - Australian Retail Sales post better than expected numbers +0.9% for the month of December
Asian Market Open: - Light Crude had a quiet season ranging from 58.80 to below 60. - Markets are still awaiting further news on if there will be any further actions taken by US Forces as now Canadian and US officials have agreed that the Ukrainian airlines flight was shot down by an Iranian missile. - Markets are still hesitant as can be seen within the...
ASIAN SESSION PAST: Brent Crude Oil price subdued after US & Iran tensions diminish. Asian session seeing mainly ranging as markets await further news. FOMC speeches are expected for this afternoon (GMT) and could see an increase in volatility in market both shares and commodities.
Asia Market News: Huge fall in Oil Futures as Iranian Officials announce strikes have now concluded. EIA Data showing strong build for the week past in Crude Inventories also adding further fuel to the fire. Oil Futures seeing falls of more than -4% in the London session alone. Do you see oil prices recovering from this fall?
Oil Futures surge higher after US Military base is attacked by rocket strike. Brent Crude smashes past $70 a barrel before retreating below to await further action from both sides. Light Crude Oil also jumps 4% on fears of possible shortage in future crude oil inventory. Do you think we could be seeing further action in the future?
With strong rhetoric continuing from both parties in recent days between the US & Iran, slight ease in pricing within oil markets has been seen in the last season as oil losses roughly -1% of its recent days gains. This however, maybe short lived as during the day’s session fresh threats against the US have been made. These fresh fears have seen to roll into...
Falling wedge formed on 4hr. Waiting for closure on the daily to show reversal and confirmation of retest of the falling wedge.
Waiting for retest after breakout of triangle on 1hrly. Also looking at 4hrly we are seeing resistance @0.7300 - I am keeping an eye out for FED Interest rate release in a few hours so will see higher levels of volatility then normal
Bearish triangle formed on 4hr time-frame. Awaiting retest before looking at shorts after confirmation of retest