Market managed to jump above 1.1310 which activate farther advance while market awaiting today the FOMC statement to get more clue for the future of the dollar interest rate .
market facing resistance zone at 1.1350-60, where as long as market holding below this zone another drop is available toward 1.1150-70 .
above 1.1360 market may add more advance to break above 1.1395 which may give the market an opportunity to build new uptrend wave toward 1.1495
Market managed yesterday to hit close to our target zone 1.4640-70
this zone will consider as resistance zone which may drive market for drop correction toward 1.4510 before market resume uptrend movement , while below 1.4510 market may extend drop correction before resuming uptrend wave .
from another side if market managed to jump above 1.4670 this may set the Pound in uncertainty mode where UP or DOWN whould be available for short-run trading
the Mid-Run view showing main resistance at 1.4670 where above this zone market may start new uptrend wave that will target (1.5200 - 1.5300) as first target
Market still trying to obtain drop correction to test 110.35 support zone , while market facing resistance at 111.90 level
as long as market holding below 111.90 the drop correction toward 110.35 will be expected
as long as market holding above 109.70 the uptrend will sustain toward 112.60-80 zone
Oil 6M - New Contract
Market managed to hold support of 42.40 where managed to advance from there toward new high above 44.50 as we advised before
short-run showing resistance level at 45.20 where as long as market holding below this level another drop correction toward 43.00-20 zone will be expected before resuming uptrend toward 48.35 zone
while above 45.20 market may sustain advance without drop correction
As we see over our previous chart, market still holding trades above support 1220-25 zone
as long as market holding above 1220 another rebound correction toward 1260-63 will be expected before market resume drop toward 1190-95 zone
intraday trading levels built support at 1239 where as long as market holding above this level the intraday market will sustain advance toward 1260-63 zone
below 1239 market will face support at 1227-32 zone
As we see over our previous chart, Market managed to obtain drop correction in the last few days where managed this week to hit low 17850
Market so far holding trades above support 17775 which we advised before that as long as market holding above this support the uptrend will sustain for more highs above 18175
below 17775 market may face more drop pressure toward 17500-50 zone