GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, MX OIL PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P, UNION JACK OIL PLC ORD 0.025P
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
If this executes we could have significantly more downside. Accumulation on the minute chart is trending down, suggesting retail is buying (grinding up) and institutions are selling in batches.
Based on repeating price action I'm predicting a drop back down to the $430-$475 range, before the rally continues upward from the long term uptrend.
I think the euphoria around Iran and supply cuts has been temporarily overbought. I could see oil dropping back to the 50MA and possibly the bottom of the channel, before continuing upward for the rest of the year.
I don't think it will go near the 200MA.