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If we look at the daily chart of the Crude Oil commodity instrument, there appears to be a Divergence between the price movement of #CL and the Stochastic Oscillator indicator, which is an indication that there is a possibility that #CL will experience a weakening correction in the next few days, but as long as the correction does not break through and close below the level of 59.86, #CL still has the potential to strengthen again to the level of 71.10, even if the volatility and momentum of the strengthening support it, #CL will go to the level of 73.73.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The Eagle indicator has reached strong overbought levels, so we will look for opportunities to sell the euro in the coming days, with targets at 1.1596 and possibly even reaching
Bitcoin made a strong bullish move during the American session, reaching the $122,200 level, a key level last seen on August 9. Since then, we have observed that
Gold is trading around 3,363, bouncing off a low around 3,328. XAU/USD found good support around the bottom of the uptrend channel and has since reached 3,370, however
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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