As I expected a week ago, crude futures have begun to pull back from the upper bound of the trend channel on the weekly chart, and the market is entering a consolidative phase. A test of the 76.90 level looks like a probable target. If this level holds as support, that would confirm the uptrend is still intact. A break below this could take the market at least to...
Hello Traders!
After a long time in correction, GRT has broken the trend and now it is moving inside a channel and this channel will continue till the next resistance which is at 2.2.
There is a big chance that it will fall again from the 2.2 resistance. Still it has not formed a pattern that can push it to new highs. So once it forms a strong bullish pattern...