#CNOOC
The general trend is ascendant. The descendant wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. A breach of 10.07 will cause an ascendant wave structure to form.
Trading idea:
Buy when level 10.07 is breached.
Stop-loss: 9.26.
Target …
The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The breach of the 1.4840 level will cause an ascendant wave structure to form.
Trading idea:
Buy when level 1.4840 is breached.
Stop-loss: 1.4750.
Target levels: 1.4940; 1.5150.
Oil prices slid today as recession concerns outweighed tight global supply. Brent crude futures dropped 0.7%, and WTI crude futures fell 0.9%.
Key tickers:
Brent: 106.03 — strong sell.
WTI: 98.59 — strong sell.
NG: 7.703 — sell.
The euro rebounded today as Russia is …
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