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Russell2000 is bouncing off 1760   Russell2000 tested strong support 1760 and bounced. This bounce is opening a further upside continuation into 1900 and possibly higher. Only a break back below 1760 could invalidate further upside extension. Major upside resistance stays at 1900.  A break above 1900 will be a […]

Daily market overview EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN Click on the chart image to enlarge it USDJPY The pair is breaking for the first time above strong wedge resistance 118. It is reaching 2015 extreme 125 and is breaking above it. Look at this like the final stage

AUDUSD is breaking above 0.6840   AUDUSD is breaking above 0.6840. A break above this resistance is opening an upside extension to 0.7200. Now only a break below 0.6700 could invalidate the extension higher and a test of this key upside reversal 0.7200 resistance. Note: look for the long trades

Copper is testing 3.960 again   Copper is testing the strong resistance of 3.9600 for a breakout higher. A break above this resistance will lead to an extension higher targeting 4.500. A rejection here could leave open consolidation between 3.800 and 3.960. Only a break below 3.780 would invalidate the

Oil is testing the critical support   Oil critical support is 70.50. Looking at the long-term monthly chart you can see a heavy intersection of a 50% Fibonacci retracement and the uptrend channel. Also, we have descending wedge leading to this support which can be bullish in the medium to