#MCD
The share is traded in the resistance level 256.80 span. The ascendant wave structures have finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 252.23 is breached.
Stop-loss: 256.80.
Target levels: 247.20; 242.20.
The general trend is descendant. The ascendant truncated wave structure has finished breaching the inclined channel. The currency pair is trading in the upper border of the descendant price channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 0.6877 is breached.
Stop-loss …
Oil prices dropped today, extending the previous decline, as an expected interest hike rise in the U.S would weaken fuel demand. Brent crude is 0.7% down, and WTI crude slid 0.8%.
Key tickers:
Brent: 97.10 — strong sell.
WTI: 93.41 — strong sell.
NG: 8.230 — neutral.
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