29th June 2022 Wednesday: Technical Outlook and Review
On the H4, with price moving along an ascending trendline, we have a bullish bias that price will rise from our 1st support at 31328 where the horizontal pullback support and 23.6% Fibonacci retracement are to our 1st resistance at 32622 in line with the horizontal overlap resistance and 78.6% fibonacci retracement.
28th June 2022 Tuesday: Technical Outlook and Review
On the H4, with price moving above the ichimoku cloud and along an ascending trendline, we have a bullish bias that price will rise from our 1st support at 31328 where the horizontal pullback support and 23.6% Fibonacci retracement are to our 1st resistance at 32622 in line with the horizontal overlap resistance.
27th June 2022 Monday: Technical Outlook and Review
On the H4, with price breaking the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31528 where the 50% Fibonacci retracement is to our 1st resistance at 32622 in line with the horizontal pullback resistance and 78.6% Fibonacci retracement.
24th June 2022 Friday: Technical Outlook and Review
On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 30795 where the horizontal pullback resistance is to our 1st support at 29748 in line with the horizontal swing low support.
23rd June 2022 Thursday: Technical Outlook and Review
On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will rise from our 1st resistance at 30795 where the horizontal pullback resistance is to our 1st support at 29748 in line with the horizontal swing low support.
22nd June 2022 Wednesday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 29748 where the 127.2% Fibonacci extension is to our 1st resistance at 30795 in line with the horizontal pullback support.
21st June 2022 Tuesday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 29748 where the 127.2% Fibonacci extension is to our 1st resistance at 30795 in line with the horizontal pullback support.
20th June 2022 Monday: Markets continue to trade lower as central banks in hawkish chorus
Crude oil prices fell sharply Friday on mounting fears about a possible global economic recession following severe tightening of policies by several central banks.
20th June 2022 Monday: Technical Outlook and Review
On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 29839 where the 127.2% Fibonacci extension is to our 1st resistance at 30795 in line with the horizontal pullback support.
