Daily analytical report (01/12/16)

2016-12-01T15:48:28
  • OPEC deal is on but will the countries really commit to that? How long will this deal last for?
  • WTI price went sharply up, resistances were broken but now they have to keep it high.
  • Surprisingly, stocks are not following the buy signal from oil and so the correlation is broken.
  • AUDUSD finally broke the lower line of the flag and went lower. It looks like it is not the end.
  • AUDCAD with a very similar setup and a bearish signal.
  • Gold received a heavy blow again: every bounce is used by bears to sell with better prices and as a result the price declines.
  • GBPUSD - despite the worse than expected PMI data - is heading higher.

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