Third time lucky for Crude oil? – Anna Coulling

Third time lucky for Crude oil? – Whilst the fundamental landscape for oil remains much the same, with OPEC continuing to maintain supply control for both member and non members alike, the technical picture is once again approaching a key price region, and one which is likely to set the tone for oil prices moving forward.

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Indecision doji candles on both ES & NQ

Indecision doji candles on both ES & NQ — As you would expect the ES e-mini too has followed a similar path today in terms of both price action and volume with the daily chart closing on a long leg doji candle of indecision, coupled with high volume. Whilst this is not indicative of a imminent climatic reversal, like the YM signals a significant pause point from which we are likely to see a move into congestion at the 2800 level.

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USD Slide Pauses – Anna Coulling

Recent sharp falls in the USD appear to have paused with the currency of first reserve now finding some support at the 90 price region on the DXY index. But any break through here would see the USD tumble down to test 85, and perhaps even 80, two significant levels that have played an important part in previous technical price action, stretching as far back as 1987.

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Gold finds its mojo – Anna Coulling

Gold finds its mojo

The monthly chart for gold gives gold traders and investors some much needed cheer as the precious metal now has some solid support at $1257 where the volume point of control currently sits, and from where the metal has progressed on solid volume. To the upside $1357 is the target and first significant resistance on this time frame, and any break through here would take the metal to $1374.

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Gold finds its mojo – Anna Coulling via @marketinvestor