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Showing posts with the label support zone

GBPUSD in buy area

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GBPUSD is in uptrend for a few month. After the strong up movement in the middle of september GBPUSD makes correction. It reached support area which converging with last local high created in august. We are expecting that price will go lower to the bottom of support area and there we will be finding buy opportunity accordingly to current trend.

OIL WTI in the wide support zone

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OIL WTI is in short-term uptrend. In the long-term it is in large range 42-55. Now price is back to the wide support zone where we will be waiting for any signals predicting to go higher. In the history at the begining of august we can see battle of supply and demand when price stay in range for a few days. We could see in this area increased demand activity.