liviu28

liviu28

NG was trading in last days around 38.2% FB level and also close to the 55 daily MA, also we have nice volumes here showing an important support area. Even if we have some good signs for a bullish movement still the candlestick formation is not showing that, i expect another down move testing the 50% FB level and an quick rebound above 55 MA, that's why i advice...

liviu28

EUR/GBP is trading for couple of days on the 38.2% Fibonacci retracement, pulling back from this level on good volume on December 5th. Even if the UK parliament voted in favor of Brexit, EUR/GBP is still trading on a small selling pressure which started after US elections. Even if sellers are still in the market, i think that on this point some buying interest may...

liviu28

GBP/USD strongly pull back from 1.2800 area that might suggest bullish days for this par are coming to an end, looking forward, with an Elliott Wave formation completed and a strong resistance on the 100d MA, I think it's a pretty good opportunity for a short around this level, targeting 1.2500 in the first move and 1.2400 for those more risk takers.

liviu28

WTI tested once again the 51.50/52.00 area at the end of last week after OPEC announced production cutting, even if we have an the 1w chart nice bullish formation, i still think that we are over bought at this level, the lack of volumes from last two days showed that buyers are waiting for a brake-out before they will start buying some more. Also we have to take...