Looking at the monthly chart, we can see that the price broke above ascending triangle on the monthly and accelerate to the upside. This break out started bullish trend on…
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commodities
Gold – technical analysis for 2021
Looking at the monthly chart, we can see that after the break out, above the strong resistance around 1370, which we witnessed in June 2019 the price accelerated to the…
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Brent Crude Oil – technical analysis for 2021
The price is within 3rd bullish wave on the weekly and the daily chart. The 1st target of the 3rd bullish daily wave is at the 1.272 FIB around 60.30,…
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Copper – technical analysis for 2021
After the initial plunge during the COV19 pandemic, the price bounced from the support zone around the 2016 lows, around the 2.00. That bounce led to break above 2.88 and…
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Crude Oil – technical analysis for 2021
The price broke above the range between 34.35 – 43.75 and above resistance zone, above 41.35, extending the bullish weekly run and continue the 3rd wave of the daily bullish…
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