Crude Oil: Finding support of an uptrend line.

June 22 , 2018

 

By looking at the daily chart we can see that black gold is providing us choppy sessions as it is finding support of an uptrend line. Earlier crude oil has made high of $72.87 level due to Venezuela factor and supply interruption but when the decision of rate hike declared it slipped to $64 level where the mentioned uptrend line was lying as it is a vital support level.

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Silver: Bearish storm can be seen in the white gold.

June 21 , 2018

 

On the daily chart any can observe that previous week’s gain has converted in just one day’s loss on last Friday where a dark cloud candlestick along with bearish engulfing candlestick has been posted on the daily chart which is generating purely bearish signal. There is no chances for bulls to recover for the time being as metal is trading and sustaining below the moving average lines.

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Gold: After so long bearish breakout of consolidation phase

June 21 , 2018

 

By looking at the daily chart we can see that from 15th may 2018 to 14th June 2018 gold was trading into a strict range of $1282 to $1305 level but on last Friday bears initiated and it slipped to $1280 level but that was just a starting because earlier gold was providing us so many choppy sessions. Then in the current week bears got the same momentum and it took the yellow metal to further downside.

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GBP/JPY: Bears are dancing on the floor, heading south side

June 20 , 2018

 

Yesterday we have seen that bulls are dominating the market at every nook and corner and it seems like blood bath is going on from bear’s campaign. Last week pair was trading above the moving average but now scenario has changed pair is trading below all the major and minor EMA lines and yesterday a big bearish marabuzo candlestick has been formed which engulfed previous 4-5 daily trading sessions.

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