Euro Drops as the Trading Week Begins

Platinum:

The Relative Strength Index on the 8-hour chart indicates the commodity is trading well in oversold territory, indicating that an upward correction may occur later today. This theory is supported by the Bollinger Bands on the daily chart. With platinum trading at or below the lower band, CFD traders can anticipate a price jump today. Going long with tight stops may be the preferred option.

EUR Resurfaces, but Will it Stick this Time?

EUR/NOK:

A downward correction may be seen today for the pair, following EUR’s recent extensive rally. A breach of the upper Bollinger Band is evident on the daily and 8 hour charts. The RSI for the pair is floating in the overbought territory on the hourly, 2 hourly, 4 hour and 8 hour charts with a bearish cross evident on the 2 hour, 4 hour and 8 hour charts. Forex traders may be advised to go short for the day.

Euro Gains on Speculation ECB May Support the Currency

Platinum:

Platinum prices have dropped significantly yesterday and peaked at $1618.50 an ounce. However, on the 8-hour chart RSI is floating in an oversold territory suggests that a bullish correction is impending. This might be a great opportunity for forex traders to enter the trend at a very early stage.

Safe Heaven Currencies Continue to Rise on High Risk Aversion

Crude oil:

Oil prices are once again dropping, and it is currently traded around $72.05 a barrel. And now, the daily chart’s RSI is giving bullish signals, indicating that oil prices might go up. This might give forex traders a great opportunity to enter a very popular trend.

EUR Claws Back Against the USD

Oil:

Spot crude oil is currently trading at the resistance line of $74. Should the commodity fail to break this price level, CFD traders should go short with two price targets in mind. The first is located at the support level of $69.50, and the second target is at the support line of $65.00.

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