Recent content by Florea

WTI Oil confirmed also our target at 44,44 and still has some downside potential after the weak closing last night that could favour a resumption of downside momentum. The indicators of the s/t charts are also well negative making this morning a new low while well oversold. I have increased this...

Gold ground higher last week in what appears to be a bearish rising wedge pattern. We look for selling interest to continue to show at the top of end of the pattern at 1344/46 and for the falling trendline and 61.8% retracement hurdle at 1348/50 to ideally cap for a turn lower. Removal of...

The Nikkei’s sell-off found buying at the rising 13-day average at 14515 and rallied back to the recent recovery highs. This leaves the focus higher on resistance at 14816/820. Above here would open up a move to the 14953 peak. Extension through here would look on to the 78.6% retracement of the...

The S&P has extended its slide and has now refilled former gap support below 1683. This leaves the immediate focus on support showing next at 1675/70 – the 63-day average – where we would look for buying again to attempt to show. Beneath here is needed for a test of trend line support from the...