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Trading idea for AmerisourceBergen Corp. (NYSE)


#ABC

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the truncated structure is breached.

Trading idea:

Buy when level 143.40 is breached.

Stop-loss: 136.00.

Target levels: 150.00; 164.20.

AUD/CAD currency pair analysis


The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss: 0.8933.

Target levels: 0.8820; …

The dollar slid after the ECB rate hike


Commodities market

Oil prices rose today after previous declines amid tight supply and political tensions. Brent crude futures rose 1.6%, and WTI crude futures rose 1.5%.

Key tickers:

Brent: 104.29 — neutral.

WTI: 96.70 — strong sell.

NG: 7.826 — sell.

Foreign exchange market

The U.S. dollar was down today …

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