Copper holds in directionless mode for the third straight day after Monday's downside attempts were strongly rejected at $2.9370 (the lowest since late Sep 2017), but subsequent recovery actions were limited, resulting in double long-legged Dojis on Mon/Tue and Wednesday's trading holding so far in the same shape.Situation about current ... Read More
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28
Mar2018
28
Mar2018
SPOT GOLD – bearish outside day was negative signal; extension of pullback pressures daily cloud top
Spot Gold remains at the back foot on Wednesday and extended pullback from six-week high at $1356, pressuring strong supports at $1337/36 zone (top of thick daily cloud / Fibo 38.2% of $1307/$1356 rally).
Tuesday's close in red which formed bearish Outside Day weighs, with slow stochastic emerging from overbought territory, ... Read More
28
Mar2018
WTI oil holds in red for the third straight day end extends lower on Wednesday, after accelerating below $65 in late Tuesday on surprise build of US crude inventories.
API report, released late Tuesday, showed unexpected build of crude stocks by 5.3 million barrels compared to forecast for 1 million barrels ... Read More
28
Mar2018
The Aussie dollar holds firmly in red on Wednesday and extends lower after strong fall on Tuesday, to hit new lows of over three months.News that China prepares a list of tariffs for US goods, increased pressure on Aussie.Today's fresh weakness signaled eventual break through the floor of week-long congestion ... Read More
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