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Greetings again, Everyone!
With another Nigerian Attack, Crude Oil holds on to Its Bullish Sentiment from Asian-Pacific Bourse Strength, as we all underlying Euro Strength and Gold Sentiment as well. The EU Futures a bidding up as we head into The Open… with the EUR/USD now finding new Support at the 1.4000 handle in Confluence with the 23.6% Fib Variant April Upleg.
Here are The Captures with Commentary above, so give them a Click as always.
Post-Time is 6:40 GMT.
Price reaches the Dynamic Support “Transitive Rollover” from the new 1.4000 Handle-Support on The Fiber, as another “Re-Test” and Breach of the Area will see Appreciation towards the 1.4130’s Daily Static Resistance in the Near-Term.
A Downside-Clip sees rather “shallow” Correction in the Immediate-Term to the Magenta-Dynamic Support Level at the 1.3980’s 5-Hour Consolidation Area.
Crude Clips our Hourly Ascending Triangle Formation, where Contact with the 72.70’s Daily Static Resistance is not out of the question here in the Near-Term.
Also clipping the “loose” Ascending Triangle Formation here, Gold Price looks towards the 0’s Static Resistance Area in the near-Term if Appreciation continues with correlating Dollar IntraDay Weakness.
Immediate-Term Detail can be seen with the just-published “Currency Majors Technical Perspective” Report, and I will have several more Updates for you as we move throughout our Final Trading Day of the Week!
Please Join Me Again Soon!
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