Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ WTI Crude Oil - Daily time frame 🛢️
The market is sharply bullish.
The price is growing within an expanding wedge pattern.
Try to catch a trend-following movement from a support of the wedge
and look for scalp shorting from its resistance.
2️⃣ Dollar Index - 3 days time frame 🇦🇺🇺🇸
For the last three months the pair is consolidating.
The market is stuck within a horizontal trading range.
0.70 is its support.
0.73 - 0.731 is its resistance.
The market is currently approaching the upper boundary of the range.
Look for shorting opportunities from that or if you are bullish biased, consider a bull breakout trade.
3️⃣ Silver - Weekly time frame 🪙
The market recently broke a major falling trend line.
Now we see its retest.
I expect a bullish continuation at least to 25.6 level and then potentially to 26.4.
4️⃣ Dollar Index (DXY) - 3 days time frame 💵
Current geopolitical situation pushes the index to new highs.
The market is growing within an expanding wedge pattern and for now I expect
a bullish trend continuation within its boundaries till the situation is not resolved.
(something tells me that it won't be fast)
❤️Please, support this idea with a like and comment!❤️
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