GER30 DAX short from overbought stochastics and failing RSI below 70 on H4
Please make your own analysis and please share your views, especially if you have a different idea!
Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term
We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates.
Mid-term the downward momentum prevails considering the so-called "production glut" propaganda.
Entry 0.86, SL 0.872, T1 0.83, T2 0.82
alternative entry: 0.85750
This is pure technical, so watch out for UK and US fundamental data today and tomorrow!
Trade your own ideas! Make your own analysis!
DXY might give in for a little correction towards 96 today to reconfirm its main uptrend line from pre-brexit lows,
then try to reconquer the post-brexit highs and might post a new high around 97, given that US fundamentals play their part today (Markit Services), tomorrow (Jobless claims) and on friday for the US NFP data.
So considering this, I would be very...
USOIL crude WTI bearish divergence in H4 RSI overbought SHORT
With no real vision in sight to decrease the current oilpumping capacities,
I expect USOIL to get back to reality and at least make a short move back to its uptrendline from february lows.
40 is surely in the cards. A move below might open the door for 38 and further 35.
SPX500 mid to longterm SHORT bearish Cypher, longterm resistance
In my scenario the SP500 and markets im general might shoot their last fireworks to
have a final champagne party on Mario Draghi and the ECB 0% interest rate medication.
However the longterm resistance line from May 2015 high is coming southwards, looking to meet
our curve around 2080 levels...
August 2015 lows as resistance to USOIL at 39US$
As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the
doom & gloom news from the ECB on monday/tuesday.
Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve.
Decline is possible down to 34US$ (0.382 Fib support +...