Daily analytical report (01/12/16)


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.

Source:: Daily analytical report (01/12/16)

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