Oil advances higher ahead of the Crude Oil Inventories data. Market is expecting a decline here. Mid-term sell signal on Oil is denied and the price came back above a crucial long-term support on the 53.60$/bbl. If the data will not disappoint, the buy signal will be on.
DAX bounced from the upper line of the channel up formation creating a head and shoulder patter. Currently we are fighting on the neckline. Breakout here can trigger a short-term sell signal with the potential target on the lower line of the mentioned channel up formation.
S&P 500 is inside of the wedge, trying to correct the post-Trump optimism. Correction is flat, bulls are strong so it is more probable that we should see another upswing anytime soon.
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