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MARKET ANALYSIS

The movement of FTSE100 towards the support line of a Descending Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

BRN/USD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for

EURUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we

NAS100 has broken through a resistance line of a Triangle and suggests a possible movement to 20917.5509 within the next

XAUUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace

NGC/USD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see

The breakout of BRN/USD through the 72.6370 price line is a breach of an important psychological price that is has