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Oil Longs End Week Shaken But Unscathed; Eyes on U.S. Gasoline, Covid

Tomasz Wisniewski

  • Analysis & Opinion

Tomasz Wisniewski's Opinion & Analysis
A complete archive of Tomasz Wisniewski's articles, including current analysis & opinion - Page 4

Everything seems to be back to normal; stocks are moving higher again and the ‘risk on’ mode is back on the table. In today’s analysis, we will focus on commodities, as we can spot very interesting...
Tuesday brings us significant weakness in the Canadian dollar, which is quite surprising as this movement has no clear fundamental background. Usually, technical analysis cooperates with fundamentals...
Buyers did it again, traders were lured into a short position after a very handsome bearish pattern. This pattern was head and shoulders and was being drawn for the vast majority of the previous week....
The end of Wednesday’s session brought a sweet bullish reversal for global indices, which confirmed the defense of crucial mid-term supports. That should have given us significant optimism on Thursday...
The first Monday in July started off positively with indices heading higher. This could have been triggered by traders’ good mood following the US Independence Day, or optimism over the COVID...
Today, we'll give index traders a break, as summer holidays, and the Independence Day weekend in the US are suppressing volumes and volatility, meaning a boring session for global equities. Recent...
July brings us optimism on the market, which was pretty much expected after what happened on the global stocks at the end of June. Fundamentally there is not much to be happy about. The pandemic is...
We are not joking when we say that false breakouts are important and reliable trading structures. We warned about this on Monday and Tuesday and once again we were right – they work and once again,...
Another bearish chance for a bigger drop has been wasted. Yesterday, sellers were hoping for a bigger slide on global indices, coming from the bearish breakout from the good-looking symmetric triangle...
In our analysis on Friday we mentioned an interesting symmetric triangle pattern that emerged on the charts of both the DAX and the S&P 500. Back then, we were inside of those patterns, waiting for a...