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[Video] WTI Closes Below $70, Silver Fails to Break Key Resistance

Matt Simpson August 5, 2021 2:46 AM

After three-day of selling, WTI shows the potential for a bounce yet it may struggle to rally back above $70 in the current environment.

TAGS: , , , NZD, Silver, , Video,

Asian Open: Strong ISM Services, Although ADP Raises a Red Flag

August 4, 2021 11:38 PM

TAGS: , Equities, , , , ISM, PMI, ,

German Bund Yields fall below -0.50; Highly correlated with EUR/JPY in short-term

August 4, 2021 4:04 PM

TAGS: Bunds, , ,

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Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

  • Bid
  • Ask
HIGH
LOW
Close
R3
R2
R1
S1
S2
S3
HIGH
LOW
Close
R3
R2
R1
S1
S2
S3
HIGH
LOW
Close
R3
R2
R1
S1
S2
S3

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Understanding Pivot Points

Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
Learn more about Technical Analysis