Commodities price charts dating 1700
Prices cleared resistance at 97.41, exposing the 100.00 figure and the September 14 high at 100.40.
Major Support Level – 50 Major Resistance Level – 50 Charts courtesy – Trading View, Kraken Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets.There was a minor bounce in bitcoin cash price from the 50 swing low against the US Dollar.The price gained traction and it was able to move above the 00 and 50 resistance levels.Commodity prices are in consolidation mode in European trade.
A lackluster economic calendar in US hours and absent conviction on the risk sentiment front (as telegraphed by flat S&P 500 futures) point to continued sideways trade ahead as markets brace for Friday’s burst of high-profile event risk.
Buyers have now cleared initial resistance at 31.56, the 38.2% level, exposing the 50% Fib at 32.29.