Good morning traders and a happy Thursday! Finally we have had some movement here and there over the markets. Well the crypto traders can't complain about the lack of volatility really as there have been some nice moves.
Yesterday we saw quite a big draw in crude oil inventories, but a massive build in gasoline, which overshadowed rest of the data.
Overnight we also had th RBNZ cash rate, which was kept steady and we had them even talking down the NZ dollar. They also mentioned the possibility of intervention. Cool. Alright, lets keep the fundies at that and let's look at some charts.
WTI oil - the top trendline is messy, but the higher lows are there, looks like it wants to take off.
USDJPY daily chart - decision time is coming
DAX daily - self-explanatory
DAX H1 sitting right on support. Eyes on this.
SPX look where we are and how we climbed this TL. Nevertheless, still bullish until proven otherwise
ETHUSD some thoughts
BTCUSD. Bitcoin had a nice breakout and hasn't even retested the breakout point. Imagine the buy orders sitting there. This is worth keeping note of, should we at one point in the restest this level ;)
That's it with the charts today. Comments regarding charts & trading welcome. Trade safe, everyone!
Title image sourced from pixabay
Are you looking for Minnowbooster, Buildteam or Steemvoter support? Or are you looking to grow on Steemit or just chat? Check out Minnowbooster Discord Chat via the link below.
You got my vote and a resteem :)
thank you, sing us a song! :D
Great read as usual @furious-one, thanks!
thanks, my man, appreciate it :)
Hello @furious-one! I like the idea of a triangle on oil. Very interesting! I rssmatrivayu 2 options for growth)))
First:
Second:
thank you for the charts @maksym7
Thank for your job!
Good post :) follow
good
always good
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by furious-one from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.