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In this environment, oil is slowly but gradually moving higher, making new weekly tops and aiming for its highest levels since the end of May. WTI recently broke the upper line of the pennant, which can be perceived as a positive sign as before forming this trend continuation pattern, the trend was bullish. Next up is DAX , which made new long-term lows. The price finally breached the local support at points, which most probably triggered many stop loss orders.
Currently, that will be the closest resistance. Sentiment is definitely negative. Tensions over North Korea helped to increase volatility but SP is still in a tight range between and The false bullish breakout from Tuesday increases the chances of a breakout of the support on the points.
This level is being tested as we speak. Forex informers Make your site more informative. Gabriel Ojimadu Alpari analyst. Vadim Iossub Senior Alpari analyst. We can speak with you in the following languages: Закрыть Запись успешно размещена!More...