SuccessTrader

SuccessTrader

EURAUD has been showing strong support at 1.4400 level. We could see a move up very soon on daily chart. What do you think? I'm watching for a long move on this bat pattern to complete leg D

SuccessTrader

I am still long on oil. YES, there is basis to support a reversal on long term daily chart, this is a reversal zone, but I think the potential reversal of OIL is maybe a bit premature. The reason for this is oil has not yet reached 38.2% daily FIB level as indicated on my chart. I think we will see some consolidation/hesitation now then another push upwards with...

SuccessTrader

If we see OIL go above 43.20 I think we can see clear ways up to 44.40. What you think??

SuccessTrader

I can see oil rising to 43.00 With longer term move to 44.40. I think buy oil above 42.07 with primary target 42.67 and another target 43.00

SuccessTrader

Then possible break below 10100 support down to 9750

SuccessTrader

The DAX looks like retesting the 10470 highs of the past 8 months then stalling and dropping down to the 61.8% FIB level of the previous move up - This appears to be a key support area