Crude Oil Back on Major Support Zone
Crude Oil WTI is back once again in the major support zone between 62.43-69.23. It's also testing the March 2022 downtrend line. Keep an eye on these very important levels. Source: Bloomberg
Alibaba Constructive Build-Up
Alibaba (BABA US) has consolidated more than 80% since October 2020! Although the long-term trend is still bearish, there have been some constructive rebounds since the major support zone between 58-70 was tested. Keep an eye on this key level. Source: Bloomberg
S&P 500 Index Trying to Post a New High
The S&P 500 Index (SPX) has been attempting for several days to break the resistance zone between 5640-5670. The market needs to break through this level to confirm the bullish trend. Keep an eye on it. Source: Bloomberg
L'Oreal Starting to Rebound on Major Support
L'Oreal has tested the major support zone of 372-390 over the last three weeks and has started to break out to the upside from that zone! The trend remains bullish. Source: Bloomberg
DAX Index Reaching Supply Zone
The DAX Index has now rebounded more than 8% since the lows on August 5th! Keep an eye on the supply zone between 18,430-18,565. Source: Bloomberg
Booking Holdings Trying to Rebound on Support
Booking Holdings (BKNG US) is trying to rebound on a major swing support zone between 3394-3477. Keep an eye on the close today. Source: Bloomberg
Amazon Under Pressure
Amazon is down strongly after earnings. Keep an eye on the close today; it mustn't close below 166, as this could open the door for a more complex consolidation. The next major support zone is between 144-151. Source: Bloomberg
DAX Index Reaching Major Support Zone
The DAX Index is reaching a major swing support zone between 17,626 and 17,834. This level needs to hold; otherwise, the consolidation that started in May could become more complex and last longer. Keep an eye on this development. Source: Bloomberg
