15.08.2022
Chicago 12, Melborne City, USA
Business

Gold Reaches Bullish Exhaustion as It Faces Rejection at $1,739

Key Resistance Levels: $1,900, $1,950, $2,000Key Support Levels: $1,750, $1,700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downward correction as it faces rejection at $1,739. The market has reversed after reaching the low of $1,680. The upward move is hindered because the market has reached the overbought region. Meanwhile, on May 16 downtrend; […]

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Business

FTSE100 Reaches Bearish Exhaustion Revisits the Previous Low at Level 6998.17

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 (UKX) price is in a downtrend as it revisits the previous low at level 6998.17. The index will resume upward if the current support holds. UKX will decline to level 6829.13 if the price breaks below the current support. […]

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Business

USOIL Reaches Bearish Exhaustion as It Holds above $ 108.00

Key Resistance Levels: $ 80.00, $ 84.00, $ 88.00Key Support Levels: $ 66.00, $ 62,200, $ 58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward move as it holds above $ 108.00. The bears broke below the moving averages but the WTI price finds support above the 50-day line moving average. The implication is […]

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