Trading contracts for difference (CFDs related to commodities, forex, indices, and stocks)
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Yesterday, the dollar index traded in a range, but managed to close below the moving average of 50 in the hourly timeframe, and therefore we expect more declines until it breaks 102.10 levels, then targets 101.61 levels, on the other hand, the upward correction scenario is only achieved by breaking 102.87 levels.
Gold started to fall and was able to form a new, lower bottom, and thus stability below 1966.27 levels. We expect further decline until 1935.44 levels, and if it manages to overcome it, the road will be paved until 1913.66 levels.
Brent crude continued to achieve gains and was able to reach the highest price since the middle of this month, given the intersection of the moving average 50 with the moving average 200 in the hourly time frame, and therefore stability above 76.93 levels, we expect more rise to 78.06 levels, then 80.24 levels
In yesterday’s trading, the pair was able to stabilize above 1.07472, which is considered an important support level that it retested, and therefore we expect more rises to 1.08506, then 1.09150.
The pair was able to break the important resistance at 1.22555 levels and closed above the moving average of 50 on the hourly timeframe, and we expect more rise above it to 1.23250 levels, then 1.23409 levels
The pair fell strongly until it reached the lower border of the range, which it has been walking in since mid-month trading, at 1.36512 levels, and therefore if it manages to surpass it, we expect a further drop to 1.36303 levels, then 1.36041 levels
The Dow index rose weakly in yesterday’s trading, as it managed to surpass 32332 levels, but failed to surpass the most important resistance at 32595 levels, and therefore the rise is achieved only by breaking 32595 levels, to be the target 32777, while the downside scenario is achieved by re-closing below 32332 levels, to be the target 32170