Technical analysis of crude for June 11 , 2014 Trend News

COMMODITY

Crude

Crude is trading in a range from past 1 year. In yesterday's session, the price gave an upside breakout , but was unable to close above the breakout point at 105.25 levels. On the upside, if the price manages to close a day above the 105.25 level, it can extend this rally up to 107.30 and 112.80.

For the long term perspective, the crude can extend its bull path up to 117.80 and 120 levels, with intermediate support at 101.60, 97.40 and 95 (50 weekly SMA) when it closes above 105.25 on a weekly basis.

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Long term forecast and intraday analysis of USD/CAD for June 11, 2014 Trend News

USD/CAD

Long-term forecast

The pair favors to continue its uptrend and can touch 1.1673 levels. This month it opened in a bullish mode lower 1.0840 levels. On the downside, the pair has a strong support zone between 1.0840-1.081 (May low) levels. The bulls need to worry - only below the 1.0810 levels it can correct up to 1.0585 and 1.0224 levels. So traders can enter sell side below 1.081 for 1.0702, 1.0561, 1.0585, 1.0470, 1.0450, 1.0224, 1.01895 levels. On the upside, if the pair manages to cross above the 1.1007, it can fly up to 1.1224 and 1. 1673 levels. The momentum indicators are moving towards the previous up, so there is still some more steam left in this counter for a good upside target.

For the medium term and the near term, the pair looks weak below 1.081 levels. Traders can sell only below 1.0810 targets 1.0702 levels. The weekly RSI favors to sell on the rally in the medium term. The bulls will again recharge above 1.0932 (50 days SMA). A day close is above 50days SMA (red line). The bulls may take the pair towards 1.0960, 1.1 and 1.1030 levels. The pair has been rejected to close above the 50days SMA from last six days. Until the pair crosses above it, it can correct up to 1.0823 and 1.081 (lower end of the descending pattern)

For intarday, the traders can sell below 1.0890 targets 1.0876, 1.0854, 1.0840 and 1.0820 levels. On the upside, the pair has a rough road ahead at 1.0904, 1.0911 and 1.0921 levels.

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Technical analysis of EUR/USD for June 11, 2014 Trend News

When the European market opens, some economic news will be released such as BSI Manufacturing Index, CGPI y/y.The US will release the economic data too such as the Crude Oil Inventories, so amid the reports, EUR/USD will move with low volatility today.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3603.

Strong Resistance:1.3595.

Original Resistance: 1.3852.

Inner Sell Area: 1.3569.

Target Inner Area: 1.3537.

Inner Buy Area: 1.3505.

Original Support: 1.3492.

Strong Support: 1.3479.

Breakout SELL Level: 1.3471.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3492 and 1.3852. The rate is accompanied by strong support at 1.3479 and by 1.3595 as strong resistance.

If EUR/USD breaks out and closes below the 1.3471 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3603 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3505 and a SELL position at 1.3569. In this case both targets should be placed at the level of 1.3537.

Best regards,

Arief Makmur

Official Analyst of InstaForexGroup

InstaForex Group http://instaforex.com

email: Arief.jakarta@indo.instaforex.com

For more analysis go to: blog.mt5.com/arief

My profile: http://www.mt5.com/forex_analysis_award/profile/index/arief



Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Technical analysis of EUR/USD for June 11, 2014 Trend News

The pair has been in a downtrend from 1.3995 levels, moving to downside to form a near-term bottom. Today the pair opened higher on a highly bearish note, the same as the cable. Currently it is trading at 1.3524 levels. The pair can take the support between 1.35-1.3477, if it holds these levels it can pull back up to 1.3620. The pair is trading in a highly bearish format, so it is better to trade below the short and medium term moving averages. Until the pair trades and closes above the 1.3677 levels, we can see 1.32 levels in a few weeks time. The next fall would take place below 1.3460.

On the upside, if the pair breaks the 1.3548 it can fly up to the 1.3585 , 1.36 and 1.3620 levels. Bulls will be back only in case the pair closes above 1.3677. Until that, sell on the rally for 1.32 levels. Safe traders can start selling below 1.3460 levels.

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Technical analysis of GBP/USD for June 11, 2014 Trend News

The UK's economy was backed by the recent economic data. Yesterday the manufacturing production fueled the economy to change its gear to the prominent recovery mode. Yesterday's data showed manufacturing rose to 0.4% in April. This is a good sign for the second quarter. As we discussed earlier, traders are willing to buy the pound on a dip. But the pound pushed to the lower levels against the dollar.

The cable has been making lower highs from the last four weeks. Currently, the pair is holding 1.6690 support level, if it breaks below 1.666(21 weeks EMA), it will be the support level. The real problem for bulls will come when the cable breaks the 1.666 level as it can extend its fall up to 1.6465 levels. The short-term traders can short below 1.666 for 1.6465 targets in the short term.

In yesterday's session, the cable broke and closed below the 50day SMA. In today's session, the cable opened higher in a bearish mode. Until the pair breaches the 1.6757 levels, it is not recommended to buy. Currently, it is trading at 1.6749 levels. For the near term, selling on the rally is preferable until the cable breaches the 1.6845 levels. On the downside 1.666 is an open target, below 1.6620 is a new target.

For intraday, traders can buy above 1.6757 targets 1.6767 1.6773 , 1.6780 and 1.6826. Safe trades can buy above 1.6770. Sell with sl 1.6767 targets 1.6735, 1.6725 and 1.67 levels.

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Technical analysis of USD/JPY for June 11, 2014 Trend News

In Asia, Japan will release the BSI Manufacturing Index, CGPI y/y and the US will release some economic data such as Crude Oil Inventories. So there is a big probability the USD/JPY will move with low volatility today.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 102.87.

Resistance. 2: 102.67.

Resistance. 1: 102.47.

Support. 1: 102.22.

Support. 2: 102.02.

Support. 3: 101.82.

DESCRIPTION:

Please, pay attention to the levels of support 3 (101.82) and resistance 3 (102.87). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.



Best regards,

Arief Makmur

Official Analyst of InstaForexGroup

InstaForex Group http://instaforex.com

email: Arief.jakarta@indo.instaforex.com

For more analysis go to: blog.mt5.com/arief

My profile: http://www.mt5.com/forex_analysis_award/profile/index/arief



Disclaimer:

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company - www.instaforex.com



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Daily analysis of USDX for June 11, 2014 Trend News

Daily chart: The USDX has made a successful breakout on the resistance level of 80.62. Now, the nearest target is the resistance level of 81.50 in the long run. This can mean a strong breakout bullish consolidation on the USDX, so it is advisable to keep putting buy orders. The MACD indicator is in positive territory.

H4 chart: The USDX has established over the bullish trend line that is located near the support level of 80.35. It is very likely that the USDX will make a pullback at current levels, but it is seen to continue to rise, at least until the resistance level of 81.50. The MACD indicator is in positive territory.

H1 chart: The USDX has made a breakout at the 80.73 level and now the USDX is trying to form a bullish pattern above that level. The USDX has strongly consolidated in bullish trend, so the next target is the resistance level of 80.93. If the USDX does make a breakout at that level, it would be expected to rise to the level of 81.09. The MACD indicator is in negative territory.

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 80.93, take profit is at 81.09, and stop loss is at 80.77.

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Intraday technical levels and trading recommendations on GBP/USD for June 10, 2014 Trend News

Previously, the bottoms around 1.6465 and 1.6555 (corresponding to the depicted uptrend line) prevented further bearish decline and provided enough buying pressure to keep pushing higher.

The bullish momentum wasn't strong enough to allow the bullish breakout above 1.6880-1.6900 to pursue towards further targets. Instead, this breakout lost its bullish momentum showing successive lower highs as a part of a bearish reversal pattern as depicted on the chart.

Again, the GBP/USD pair showed bullish recovery after testing of 1.6690. This pushed the pair again towards 1.6750-1.6800 (prominent SUPPLY level).

If the bears manage to prevent any bullish breakout above the depicted key-level around 1.6800, the pair will have obvious targets around 1.6670 initially then 1.6600 to be followed.

Note that this key level corresponds to the backside of the broken trendline as well as the upper limit of the ongoing bearish channel. Thus, a bearish position could have been taken there.

The bulls managed to record a higher value above the recent one at 1.6900. However, the ongoing demand has been fulfilled around 1.6920 which led to a price decline again.

Bearish breakdown of 1.6825-1.6800 (which means breakdown of the previous congestion zone as well) exposed price level of 1.6740 for breakdown.

Price zone of 1.6750-1.6770 corresponded to lower limit of the ongoing channel. However, it has been broken down previously during last week's consolidations.

This enhances the bearish momentum on the short-term prospective as long as the bears remain defending 1.6800 and also provided a valid SELL opportunity at retesting that took place yesterday and earlier today. Stop loss should be set as daily closure above 1.6840.

Management of the bears to maintain 4H fixation below this price zone suggests a bearish limb towards 1.6650 resuming the bearish movement within the depicted bearish channel.

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Intraday technical levels and trading recommendations on EUR/USD for June 10, 2014 Trend News

The price zone 1.3800-1.3880 (dotted on the chart) provided considerable SUPPLY for the EUR/USD pair. This price zone managed to pause the ongoing bullish momentum above the depicted bullish trendline.

Thus, a Double Top reversal pattern was established with a neckline located at 1.3700. This reversal pattern has already hit its projection levels.

On the other hand, we should highlight Thursday's bullish engulfing daily candlestick which emerged off 1.3500 (may pause the ongoing bearish momentum).

Now the pair is roughly trapped within a congestion zone extending between 1.3560 and 1.3700. However, there's a bearish attempt of breakout below 1.3560.

If so, price level around 1.3480 then 1.3440 will be exposed for retesting shortly after.

On the other hand, if bullish pressure emerged off the current levels and managed to fixate again above 1.3560, the pair would probably visit the upper limit of the congestion zone around 1.3700.

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EUR/NZD analysis for June 10, 2014 Trend News

Overview:

Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.5896 on volume above the average. According to the 4H timeframe, we can observe strong supply on volume above the average, which is a good sign for potential bearish movement. Buying at this stage still looks very risky since we have got supply on high volume. Our first support level at the price of 1.5920 is broken and we may see possible testing the level of 1.5870 (Fibonacci expansion 61.8%).

Daily pivot Fibonacci points:

Resistance levels:

R1: 1.6043

R2: 1.6061

R3: 1.6092

Support levels:

S1: 1.5982

S2: 1.5964

S3: 1.5934

Trading recommendation: Be careful with buying the EUR/NZD pair and watch for selling opportunities after retracement

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Gold analysis for June 10, 2014 Trend News

Overview:

Since our last analysis, gold has been trading sideways, around the price of 1,255.00. We are still waiting for larger movement. As you can see in the graph, we saw strong rejection on ultra high volume (selling climax) from our resistance level at the price of 1,257.00. Anyway, the price tested our Fibonacci retracement 61.8% (1,247.00) and that caused price to start bullish continuation. According to the 1h timeframe, we can observe demand on ultra high volume (buying climax). Be careful with selling Gold at this stage since price rejected from Fibonacci retracement in the background. If the price breaks the level of 1,257.50 (swing high), we may see possible testing the level of 1,268.00 (swing low like resistance).

Daily pivot Fibonacci points:

Resistance levels:

R1: 1,256.94

R2: 1,259.97

R3: 1,262.64

Support levels:

S1: 1,251.24

S2: 1,248.57

S3: 1,245.54

Trading recommendation: Watch for potential bullish movement if the price breaks the level of 1,257.50

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GBP/USD intraday technical levels and trading recommendations for June 10, 2014 Trend News

The congestion zone between 1.6765 and 1.6815 was established during February and March. These levels correspond to previous prominent tops which was established back in February.

The depicted BLUE uptrend line remained intact since it was established in November 2013 until it got broken-down on May 28. Moreover, the bulls are retesting the backside of the same broken trend line.

On the 4H chart, strong bearish rejection was expressed off 1.6920 leading to bearish breakdown of the depicted bullish channel as well as successive previous support levels now acting as resistance.

The long-term perspective remains bearish aiming to form another bearish limb that would extend below 1.6730 ( the most recent bottom ) as long as the bears keep defending this newly established resistance zone located between 1.6800-1.6845.

If the pair resumes its bearish momentum, we should note that price action should be watched around 1.6650 to take advantage of a possible bullish corrective movement.

On the other hand, daily closure above 1.6815 will expose higher resistance levels around 1.6870 and 1.6900 as well.

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EUR/AUD intraday technical levels and trading recommendations for June 10, 2014 Trend News

By breaking down price level of 1.5175, the Double Top pattern could not only achieve its projection target at 1.4820-1.4800, but it also confirmed a bigger Head and Shoulders pattern.

The bears managed to break down 1.4950 corresponding to 50% Fibonacci level which exposed the price level of 1.4750 (61.8% Fibonacci) on March 10.

Previously, a bullish pull-back was initiated off 1.4670 ( around 61.8% Fibonacci ). Two bullish spikes above 1.4950 (50% Fibonacci level on the daily chart) were executed. However, the bulls failed to pursue the bullish breakout leading to failure of the bullish breakout attempt.

Since then, the pair has been moving downwards within the depicted RED channel in an attempt to reach the lower limit.

Moreover, Intraday support zone around 1.4750-1.4660 failed to provide enough support for the pair. Instead, bearish breakdown took place pushing towards 1.4500.

Overall, the daily chart suggested bearish tendency especially when the daily candlesticks maintained closures below 1.4700.

On the other hand, the price zone above 1.4450-1.4420 should be watched for significant bullish price action as it corresponds to previous significant top on the weekly chart.

Failure of the bulls to provide enough buying pressure at the current levels will expose price levels around 1.4300 immediately.

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Technical analysis of NZD/USD for June 10, 2014 Trend News

Trading recommendations :

• The NZD/USD pair on June 10, 2014. The resistance is going to set at the level of 0.8580. Moreover, double top has been already placed at 0.8582. Consequently, the descending movement will probably be lower than the 0.8580 level with the targets at 0.8530 and 0.8440. On the contrary, the support has already set at 0.8440. Furthermore, it should be noted that it will very profitable to buy above this level for retesting this price in a short period. Therefore, buy deals are recommended above the 0.8440 level with targets at 0.8514 (61.8% of Fibonacci retracement) and 0.8544 to reach the minor resistance.

• Even so, you have to set your stop loss. Thus, the best location for placing it should be at the 0.8404 level which represents the double bottom in H1 and H4 charts.

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Technical analysis of USD/CHF for June 10, 2014 Trend News

Overview :

• The major support of USD/CHF pair has already set at the level of 0.8921. Equally important, the 0.8921 price is coinciding with the ratio of 61.8% Fibonacci retracement levels. Additionally, according to the previous events, the price has still been trapped between 0.8950 and 0.9010. Supplement, the range will be around 60 pips on June 10, 2014. Also, It should be noted that if the trend is ascending, then the strength of the currency will be defined as follows: USD is in uptrend and CHF is in downtrend. Therefore, it will be of the insight to buy above the level of 0.8930 with the first target of 0.9000, it might resume to 0.9035 if the trend will be able to break the first target. Furthermore, the double top will be set at the level of 0.9035. Another thought, stop loss should never exceed your maximum exposure amounts. So, stop loss should be placed below the 0.8910 level.

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#USDX Technical analysis for June 10, 2014 Trend News

The Dollar index is trading at the 61.8% retracement of the decline from 81 to 80.25. I believe that this upward bounce will be short-lived. I expect a new lower low below 80.25. This is a good place to go short with 81 as stop.

The Dollar index is above the Ichimoku cloud support but has resistance at 80.75-80.80. Price in a short-term up trend as it makes higher highs and higher lows from 80.25. A break below 80.55 will be the first short-term sell signal since the reversal at 81.

In the daily chart price is above the Ichimoku cloud and has bounced off the 38% retracement. However I believe that the Dollar index is very possible to fall as far as the 50% or even 61.8% retracement. Long-term bulls could use 80.25 as stop while bears should use 81 as stop. My strategy is to prefer short positions as long as price is below 81.

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Gold technical analysis for June 10, 2014 Trend News

Gold price has held above the support level of $1,245 and is challenging resistance at $1,257. Next target is the 38% retracement at $1,264 and after that the 61.8% retracement at $1,277. Price is also challenging the Ichimoku cloud resistance as shown in the 4-hour chart below.

As long as price is above $1,245, there is increased chances of an upward move towards $1,277. This is the next important resistance. Gold bulls want price to break above the Ichimoku cloud and above the 61.8% retracement in order to regain bullish momentum. Short-term trend is currently neutral as price is inside the Ichimoku cloud. This could help bulls raise Gold price towards the important resistance area. On the other hand, bears want Gold price to break again below the Ichimoku cloud in order for short-term trend to become bearish again.

My intermediate-term view favors Gold price will move towards $1,280. If that resistance area is broken upwards, we should expect Gold price to move towards $1,330-40. The longer-term pattern of Gold price is a big sideways triangle. We have most probably seen the lows of that triangle and we are heading towards its final peak before prices plummets towards $1,000.

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Elliott wave analysis of EUR/NZD for June 10, 2014 Trend News

Today's Support and Resistance levels:

R3: 1.6062

R2: 1.6036

R1: 1.6002

Current spot: 1.5971

S1: 1.5946

S2: 1.5920

S3: 1.5878

Technical summary:

No real change here. The corrective cycle is still unfolding towards the ideal target at 1.5920. Only a break above minor resistance at 1.6002 will indicate that blue wave (ii) already is in place for a new test of 1.6203 and higher. As long as minor resistance at 1.6002 protects the upside, we will continue to look for a move slightly lower towards the ideal target at 1.5920 before blue wave (ii) is fianlly over.

Trading recommendation:

We will buy EUR at 1.5925 or upon a break above 1.6002 with stop placed at 1.5740.

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Daily analysis of GBP/JPY for June 10, 2014 Trend News

Overview

In today's H4 chart and as it was expected yesterday, we should wait for breaking the Resistance level of 172.50 before making a decision in order to continue the bullish move. Today and as it is shown in the H4 chart, the pair failed to break this Resistance level to reverse its bullish move. Currently, it is stabilizing below the Resistance level of 172.00 and above the Support level of 171.50 to continue its bearish move. If the pair manages to break this Support area and closes below the Support level next week, it would be another good opportunity for more sell-signals till reaching the Support level of 170.50 as the first target.

Resistance and support levels: R3 (173.00), R2 (172.50), R1 (172.00), S1 (171.50), S2 (171.00), S3 (170.50).

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Elliott wave analysis of EUR/JPY for June 10, 2014 Trend News

Today's Support and Resistance levels:

R3: 140.08

R2: 139.75

R1: 139.46

Current spot: 139.02

S1: 138.97

S2: 138.67

S3: 138.45

Technical summary:

Blue wave ii became slightly deeper than expected as it touched 138.97, but we think blue wave ii is over and will be looking for a break above minor resistance at 139.46 as the first good indication that blue wave iii is developing for a rally towards 141.10 as wave (c) of the on-going triangle consolidation.

If minor resistance at 139.46 protects the upside for a break below 138.97, the downside sould be limited to 138.70 before the next rally higher.

Trading receommendation:

We are long in EUR at 139.39 with stop placed at 138.60 and take profit at 141.50. If you are not long in EUR yet, then buy upon a break above 139.46 with a stop at 138.90.

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Technical analysis of USD/CAD for June 10, 2014 Trend News

General overview for 10/06/2014 09:10 CET

The corrective cycle in wave (ii) green should be completed now and more upside is to be seen in this pair if the golden trendline is broken. Moreover, any violation of the level of 1.0947 is bullish and traders should keep an eye on last swing high as this level will be broken as well. On the larger time frames there is bigger unfinished corrective cycle in wave 2 black and the current wave progression to the upside is the last part of this cycle.

Support/Resistance:

1.0888 - Intraday Support

1.0903 - Intraday Resistance

1.0914 - Weekly Pivot

1.0947 - Technical Resistance

1.0958 - Swing High

Trading recommendations:

Daytraders should consider opening buy orders from current price levels with SL below the level of 1.0887 and TP at the level of 1.0947 (min), if the golden trendline is broken).

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Technical analysis of EUR/JPY for June 10, 2014 Trend News

Technical outlook and chart setups:

1. The EUR/JPY pair has begun retracement from 140.00 levels as expected. Please note that a break of 138.00 would open doors for a larger correction towards 132.00 levels as seen here. Recommendations are to remain flat for now OR aggressive trade setup would be to remain short with risk above 140.00.

2. Support is at 138.00 (interim), followed by 136.50, 134.00 and lower while resistance is at 140.00, followed by 141.00, 142.50/143.50, 144.00 and 145.50 respectively.

3. The structure indicates that EUR/JPY could be extremely bearish if 138.00 breaks down.

Trading recommendations:

Remain flat for now. Aggressive setup is to remain short, stop at 140.50, target is open.

Good luck!

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Daily analysis of Silver for June 10, 2014 Trend News

Overview

In today's H4 chart, silver is still stabilizing above the Support level of 19.00 after it could not break it yesterday and currently it is bouncing from it towards the Resistance level of 19.20. So we still suggest waiting for closing above the next Resistance level in case of bouncing from the Support level, to provide a new opportunity for more buy signals with the first target few pips below the Resistance level of 19.50, then after breaking this Resistance level, silver would open the way towards the Resistance level of 19.75, which means more bullish signals, but as long as the metal trades below the Resistance level of 19.20, this cancels the bullish scenario.

Resistance and support levels: R3 (19.75), R2 (19.50), R1 (19.20), S1 (19.00), S2 (18.60), S3 (18.30).

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Technical analysis of GBP/CHF for June 10, 2014 Trend News

Technical outlook and chart setups:

1. The GBP/CHF pair has rallied yesterday and met fibonacci 0.618 resistance around 1.5070/80 levels. At the moment, the pairs looks prepared to reverse all gains and extend the downswing towards 1.4700 levels at least. Recommendations are to remain long and also look to add further, risk remains at 1.5140/50.

2. Supports is at 1.4900, followed by 1.4780, 1.4650, 1.4550 and lower while resistance is at 1.5140 respectively.

3. The structure indicates that GBP/CHF is now preparing for a fall towards 1.4700 levels at least. A bullish bounce from there could be bought.

Trading recommendations:

Remain short, stop at 1.5140/50, target is at 1.4700.

Good luck!

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Technical analysis of EUR/JPY for June 10, 2014 Trend News

General overview for 10/06/2014 08:40 CET

The wave structure is developing in the anticipated way, creating irregular flat correction in wave B black. Nevertheless, this is only a simple corrective cycle scenario and traders must keep in mind that the correction might evolve into more complex pattern. To confirm the corrective cycle in wave B black is completed, the impulsive breakout above the level of 140.07 is needed, otherwise the cycle will still be in progress. Currently, one more internal sub-wave is needed to complete the wave (c) blue of wave B black, and an impulsive rebound to the upside is anticipated then. The key level for this scenario is intraday resistance at the level of 139.25.

Support/Resistance:

140.07 - Swing High

139.56 - Weekly Pivot

139.25 - Intraday Resistance

139.15 - WS1

138.89 - Wave v Target

138.67 - Wave v Target#2

138.50 - 138.57 - Supply Breakthrough Zone

138.24 - WS2

Trading recommendations:

Daytraders and swing traders should consider opening buy orders from two levels:

-aggressive entry - buy limit orders from the levels of 138.89 or 138.67 with SL below the level of138.50 and TP open (above 140.07 anyway).

-confirmed entry - buy stop orders from the level of 139.28 with SL below the level of 138.50 and TP open (above 140.07 anyway).

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