Nikkel in debate with the indices regarding its next move

FX:JPN225   Nikkei 225 Index
74 0
With the resumption that Oil will increase, this has played in the favor of all indices indexes. If oil can break its current triangle (please see a chart of oil to examine this) then this will aid the Nikkel, DAX30 , FTSE , S&P & DOW.

If this is the case then I expect this resistance block to be breached and a move to the next fib of 61.8% or 16700 and then potentially a move up towards 17100-17200 if oil stabilizes in an uptrend.

However, if the general people feel that there is still an over glut of oil supply in the market (I'm off this impression regardless of the freeze in oil production levels) then I suspect we will see a bounce and a move lower to make a new lower low!

For more information please sign up to my website in development for exciting information and release in the coming months! http://www.ejfxtrading.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out