EUR/USD - Still pretty undecided, but as long as support at 140.09 isn't broken to the downside I continue to look for a challenge of resistance at near 146.95 and possibly even 148.25.Any breake below 140.09 would invalidate the slightly bullish picture and call for a full test of strong support at 138.35.
Gold is huging the long term channel resistance line at near 1,636. Will we see further acceleration higher? As long as support at 1,599.30 stays intact this possibility can't be exclude, but I will not bet on it.
Gold is huging the long term channel resistance line at near 1,636. Will we see further acceleration higher? As long as support at 1,599.30 stays intact this possibility can't be exclude, but I will not bet on it.Short term we have support at 1,651.50 a break below here will be the very first minor indication that the uptrend since 1999 has run its course, but we still need a firm break below 1,599.30 and more importantly 1,478 to confirm the top.
Crude oil is testing the strong support area between 91.20 - 91.70 a firm break below here will activate a Shoulder/Head/Shoulder top and call for a decline to the 64 area.
Crude oil is testing the strong support area between 91.20 - 91.70 a firm break below here will activate a Shoulder/Head/Shoulder top and call for a decline to the 64 area. I do think it's only a question of time before support at 91,20 will break and open up the downside.
Short term we have resistance in the 92.53 - 92.85 area and strong resistance at 95.59.
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