TradeSignalFx

  By Deya Hroob WTI has risen more than 6% in the past two days. Nevertheless, the main trend is bearish according to weekly and daily chart.  The main resistance now is 200-day EMA ( daily chart ). For 1h chart, a golden cross is about to complete which is positive.   If the bulls could take the price above the 200-day EMA, a move to $43.70 is expected. The reasons behind the recent spike according to FXStreet News Portal are..... The latest API data showed a heavy decline in oil inventories.  Moreover,  Hurricane Sally’s expected landfall on the US Gulf Coast had led to more than a quarter of US offshore oil and gas production shuttering as well as key exporting ports. The unpredictability about oil production in the Gulf was bullish for oil prices. Trade Wise and Good Luck,

By Deya Hroob This trade set up is based on daily chart. A well-known H&S pattern has been spotted on EUR/GBP daily chart. It's a bearish pattern. Also, the pair is trading under the moving averages. You should wait a breakout of the neckline, and trade the retest of the broken line. The neckline goes in line with the 0.236 Fibonacci levels at 0.8864 . I used Fibonacci levels to find my targets. The targets are 0.8774 and 0.8665 I have provided two different Fibonacci levels charts. We should neglect the pattern, if the price goes above the moving averages.