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TipTVFinance TipTVFinance PRO UKOIL, D, 4 months ago
UKOIL: Brent oil - Caution advised over 5-DMA
79 0 2
UKOIL, D
Brent oil - Caution advised over 5-DMA
Brent’s recovery from Friday’s low of $42.49 amid broad based USD sell-off appears a corrective rally and thus caution is advised as prices trade above 5-DMA level of $43.52, especially since the Baker Hughes data released on Friday showed increase in rig count for fifth straight week. Above 5-DMA, fresh ...
TipTVFinance TipTVFinance PRO EURGBP, D, 6 months ago
EURGBP: EUR/GBP- more losses below 0.7683
37 0 1
EURGBP, D
EUR/GBP- more losses below 0.7683
Pair's bearish break from head and shoulder formation yesterday followed by a failure to sustain above 0.7683 (38.2% of 0.6981-0.8117) could send the pair lower to 0.7652 (Mar 10 low). On the higher side, 0.7755 - 0.773 stands as a strong resistance level above which bearish invalidation is seen.
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