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WTI Technical Analysis: Bears look to 61.80

  • Stochastics lean bearish in oversold territory.
  • A daily close below the 61.8% Fibo and then the 8th April's low opens the case for 61.80.
  • Bears will look for a test all the way to the 200-D SMA - (61.20) and 100 4HR SMA at 61 the figure to negate the upside bias.
  • If the 200-DMA gives out, bears can target below 61 the figure for a run to the rising wedge's support line.
  • A break of the support line and below $57.80 opens the case for a continuation of the bear trend that would target below the $42 handle and late Dec lows. 

Gold drops to 2-week low as Asia responds to recent risk-on, 100-day SMA on radar

Gold drops to the lowest levels since April 05 as Asian traders mark risk-on.
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NZD/USD Technical Analysis: Flag breakout seen on 15-min chart

NZD/USD could jump 30 odd pips to 0.68 in the next few hours, according to the bull flag breakout seen in the 15-minute chart. That pattern usually ac
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