The price for crude oil continued to decline in August until it reached the 84.90/85.90 zone. The zone represents the 2021 high levels. The support zone was enough to cause a surge to the 93.20/95.75 zone, which appeared to be acting as resistance. In addition, the zone was being approached by the 50-day simple moving average. A move above the
The July and August surge of the USA top 500 market capitalization stocks has encountered resistance in the 4,300.00 mark and a minor zone around it. Most recently, the equity index passed the support of the 200-day simple moving average and approached the resistance and support zone at 4,040.00/4,100.00. If the index finds enough support in the 4,040.00/4,100.00 zone, the
The last review of the USD/CHF currency pair was conducted on June 03. Since then, the pair once again attempted to reach above the 1.0000 parity level and the early 2018 high level. The pair failed at the attempt and step by step revealed a wide channel down pattern. However, on August 10, the rate hit the combination of the
The top 30 US stock index has been recovering throughout July and August. However, on August 16, a decline started, which indicated that the larger scale surge is over. By August 24, the equity index had reached below the 33,000.00 mark. Next target for the decline could be the combination of the cluster of levels, which surround the 32,000.00 mark.
The July surge of US tech stocks eventually broke the resistance line of the channel down pattern, which had guided the 2022 decline. The breaking of the pattern occurred due to the support of the 12,830.00/13,120.00 range. In mid-August, the pair had extended its surge above 13,500.00, before starting a decline. On August 23, the index had reached the lower
Since the last review of the top 40 German stock index on July 20, the index managed to reach above the resistance of the 13,500.00 mark. However, eventually, in mid-August the shares bounced off the resistance line, which connects the 2022 January and June high levels. The event was followed by a decline, which by August 23 had reached
Since the last review of top 40 French stock index review done in mid-April, the index has bounced off the trend line, which connected 2022 lower and lower high levels, and reached the support zone at 5,700.00/5,800.00. The support zone was enough to cause a broad surge that eventually broke the declining trend line. The breaking of the resistance line
The previous review of the price for copper was done on April 29. At the time, the top piece of information was the breaking of the large scale channel up pattern, which had guided the rate up since mid-2021. Since the event, in May, the price dipped and found support in the 4.00 mark, retraced to the lower trend
Since finding support in the 1,650.00 mark in mid-June, the top 2000 US small market capitalization stock index has been recovering. However, the recovery encountered some resistance in the form of the 50-day simple moving average near 1,770.00/1,800.00. At the start of August trading, the index was approaching the 1,900.00 mark. A move of the price above 1,900.00 might encounter resistance
At the start of July, the Chinese top 50 stock index bounced off the resistance zone, which surrounds the 15,000.00 mark. During the second half of the month, the pair was finding support near 14,000.00. However, as the month ended, the index declined to 13,500.00. On August 2, the index reached below the round price level. A continuation of the
In late June and early July, the UK top 100 stock index revealed a support zone, which surrounds the 7,000.00 mark. During the second half of July trading, the index managed to find enough support in the 6,970.00/7,015.00 zone to start a broad recovery. On July 29, the index passed the combined resistance of the 200-day simple moving average and
Since the last review of the USD/MXN pair conducted in the middle of June, the USD/MXN has been trading between the support of the 1.1960/1.1980 zone and the range at 20.85/21.06. During the second half of July, the currency pair bounced off the resistance zone and declined to the 20.20 level. A continuation of the decline might look for
The price for natural gas found support in the 5.35/5.60 zone at the start of July. The event was followed by a sharp surge up to the late May and early June high level zone at 9.45/9.67. On July 26, the price bounced off the resistance zone and retreated to 8.50. In the case of the commodity price declining, round
Since the second part of June, the price for Bitcoin has been testing the resistance zone at 21,970.00/24,340.00. During late July, the rate had even approached the upper border of the resistance zone. On July 28, the pair was located at the 23,000.00 mark. A move above the 24,340.00 level is expected to encounter resistance in the 25,000.00 mark. Higher
Despite piercing the low level zone at 97.00/98.60 and the 200-day simple moving average, the price for Brent crude oil found support and recovered in mid-July. Support was found in the 95.00 level. On July 26, the commodity price was fluctuating above the 105.00 mark and appeared to face no resistance. In theory, Brent crude oil might surge and encounter
In June and July, the USA 30 stock index has been finding support in the zone, which surrounds the 30,000.00 mark. Meanwhile, resistance was being provided by the 50-day simple moving average. In late July, the moving average failed to continue to push the stocks down. On July 26, the index was testing the resistance of the 32,000.00 mark
During early July the German top 40 stock index looked for and eventually found support in the March 2022 low level zone at 12,430.00/12,475.00. During mid-July the stocks recovered and by July 20, the index was testing the resistance of the 13,280.00/13,460.00 zone, which marks the late 2020 highs and 2021 low levels. In addition, resistance was provided by the
On June 14, the price for light crude oil broke the ascending wedge pattern, which guided the price since late April. Afterwards, a decline occurred, which took the form of a descending channel pattern. During mid-July trading, the commodity price pierced the low level zone at 93.20/95.80 and traded at levels not seen since February. If the price continues to
Since mid-June, the US tech stock index has recovered from the 11,000.00 mark. However, resistance is being found in the 12,120.00/12,225.00 zone. In the meantime, the higher and higher low levels can be connected to review a supporting trend line. Combining the zone and the trend line, one can observe an ascending triangle pattern. Namely, pressure is building up
Since the last review of the USA 500 stock index on June 14, the rate tested and shortly reached below the support of the zone at 3,660.00/3,675.00. The index revealed that the 3,640.00 mark is acting as resistance. In the aftermath of the event, the stocks recovered and have been trading around the 3,800.00 mark in an almost 200
Despite reaching below the 2021 low level zone in late May and early June, the USD/MXN rate did not sharply decline. At the start of June the markets found out that the US Consumer Price Index inflation measure is still at record highs. The fact indicated that the US Federal Reserve is set to increase US base interest rates
The decline of Bitcoin continues, as the rate has reached below the 25,000.00 mark. On June 15, the cryptocurrency hit the 2020 high level at 20,100.00, which acted as support. On June 16, the price was once again heading to the previous high and the 20,000.00 mark. A move below the 20,000.00 level could look for support in various levels.
Since the May 13 review, the price for US light crude oil has continued to surge. It has been observed that the May and June low and high levels can be connected to reveal an ascending wedge pattern. If the commodity price continues to surge, the rate might test the March high levels at 130.00. On the other hand,
The USA 500 stock index decline has continued, as the 3,830.00/3,870.00 zone has been passed. On June 14, the pair was confirming the 3,800.00 level as resistance. In theory, the index should continue to decline. However, the 2022 low level connecting trend line is close by and could act as support near 3,720.00. In the meantime, note that on Wednesday,