Recent cocoa price fluctuations have revealed that the commodity price has been declining in a channel down pattern. Meanwhile, the price was respecting both resistance and support of the 200-day simple moving average. If the commodity price continues to decline in the pattern's borders, the price might find support in the November low level at 2,340.00. Further below, note the
The stock price of Air France in December bounced off the resistance of the 50-day simple moving average and approached the 2021 low level zone at 3.6225/3.3825. Meanwhile, the 50-day simple moving average was located at 4.0640. In the case that the price passes the support zone, the price could look for support in round price levels as the 3.5000
On December 16, the USA 500 index booked a new all time high, as it touched the 4,750.00 mark. However, the new high level provided resistance and a retracement to the 4,650.00 level occurred. In the case that the index continues to decline, it could look for support in the 50-day simple moving average near 4,600.00. Further below the
Since the review of the surge of the USD/TRY done on November 17, the rate has surged additional 43.10% or 45,910 base points. Most recently, the pair broke the resistance of the 15.00 level In regards to the near term future, a continuation of the surge could find resistance in round exchange rate levels. Note how resistance was provided
The stock price of Tesla recently passed the 61.80% Fibonacci retracement level of the 2021 low and high levels at 975.35. On Wednesday, December 15, it appeared that the price had confirmed the level as resistance. Meanwhile, the 2021 high levels and November low levels reveal a channel down pattern, which has guided the price for more than a
The stock price of Palantir Technologies has reached the 18.00 mark and the support zone of the 2020 December and 2021 May low levels. Meanwhile, note that the asset has been declining in a channel down pattern. A move below the support zone could result in a new 2021 low. In addition, the price would have no support as low
The price for light crude oil found support in the summer low levels. The event was followed by a recovery, which most recently found resistance. Namely, the 73.00/74.00 zone, which had acted as resistance and support in September, provided resistance during the first half of December. If the price passes the resistance of the 73.00/74.00 zone, the commodity might approach
Since June, the price for Ethereum has been surging in a wide channel up pattern. The chart pattern can be drawn by connecting the September 2 and November 10 high levels and setting a parallel line at the July 20 low level. Most recently, the price of the cryptocurrency declined. On December 14, the ETH/USD pair appeared to be set
At the start of December, the price for copper bounced off the support of the November low level and reached the resistance of the 50-day simple moving average. The SMA managed to force the pair into a decline, which in the near term future might reach the lower trend line of a large scale channel up pattern. If the lower
The price for EOS has bounced off the trend line, which connects the November and December high levels. On December 10, the EOS/USD rate reached the summer low level at 3.1622. The 3.1622 level appears to have provided both support and resistance in the aftermath of the December 4 crypto flash crash. If the price reaches below the 3.1622 level, it
At the start of December, the price for Stellar found support in the lower trend line of the channel down pattern, which has guided the XLM/USD rate since the start of November. The following surge reached the resistance of the 50-four hour period simple moving average. The SMA provided enough resistance for a decline to begin. If the pair continues
Since July 2020, the USA Tech stock index has been surging in a large scale channel up pattern. On November 22, the index bounced off the pattern's upper trend line and started a decline. The decline was stopped by the 50-day simple moving average near 15,700.00. By December 9, the index had recovered to 16,400.00. In the case of a continuation
Since the start of September, the China A50 index has been recovering from the 2021 low level at 14,615.00 in an ascending channel pattern. Most recently, on December 9, the index reached the resistance of the 200-day simple moving average. During the first part of the year, despite being pierced three times, the moving average managed to provide support. If
Despite being shortly pierced, the support of the 15,000.00 held. After trading above the support level for seven trading sessions, on December 7, the Germany 40 index recovered. The passing of the resistance of the 200-day simple moving average resulted in a 2.80%. In regards to the future, the index could first test the 2021 August and September high level zone
The stock price of American Airlines has been declining in a channel down pattern since March 2021. Note that the both times the price reached the 2021 high level at 26.10 occurred in the pattern's borders. More recently, from July up to late November, the rate was fluctuating between the resistance of the 22.16/22.20 zone and the support of
Since February, the Hong Kong 40 index has been declining in a channel down pattern. Most recently, on November 16, the stock index bounced off the upper trend line of the pattern. During the first week of December trading, the price fluctuated sideways near the 23,500.00 level. Meanwhile, the 2020 September low level was acting as support at 23,000.00.
During the last week of November, the stock price of Volkswagen reached the support zone that surrounds the 160.00 mark. Namely, the 156.90/163.75 zone was reached. This zone has been impacting the price of the company each time that it has been reached. An increase of volatility at that level can be spotted as far as 2015. More recently,
The resistance of the 200-day simple moving average provided the price of silver with resistance in the middle of November. The resistance was enough to cause a decline, which broke the two-month channel up pattern and passed below the support of the 50-day simple moving average. On December 3, the price had almost reached the 2020 summer and 2021
On Tuesday, November 30, the stock price of Alibaba passed the 2018 and 2019 low levels at $129.70. The decline occurred, as the rate passed the support of the 50-day simple moving average at the $160.00 level. In the meantime, the rate has been declining from its all-time-high level booked on October 27 2020 in a channel down pattern.
The India 50 index broke out of the triangle pattern, in which it traded since late October up to the second part of November. The break out occurred to the downside. During the decline, the index paused at the November and October low levels before eventually reaching the lower trend line of the large scale channel up pattern, which
The EUR/CHF currency exchange rate passed the 2016 and 2017 low level of 1.0625 at the end of October. In November, the pair extended its decline, as it reached below the 2020 low level at 1.0510. Meanwhile, it was spotted that since mid-September the Euro has been declining against the Swiss Franc in a channel down pattern. If the
The BTC/USD has broken the channel up pattern, which guided the price of the cryptocurrency higher since early July. Afterwards, the price found support in the September high and early October low level zone near 52,950.00. On December 1, the rate had various future scenarios. In the case of a surge, the price for Bitcoin would face the resistance of
During Wednesday's European trading hours, the price for Natural gas extended its decline, as it reached below the 4.4000 mark. Gas prices have plummeted nearly 33.50% since the high level booked on October 6. From a technical analysis perspective, the daily candle chart of the commodity price reveals that the price has been declining in a channel down pattern since
After testing the September high level zone above the 0.9350 mark, the USD/CHF began a decline on November 25. Most recently, on November 30, after finding short term support in the 200-four hour period SMA, the rate passed below the SMA and indicated that it could extend its decline. The ongoing decline had no technical support as low as the November