Month: July 2018
KSE 100 Index consolidating within triangle pattern. Overall corrective structure can be seen from 53,000 levels in A,B,C,D,E formation. Usually this happens in Wave B or Wave 4 of the larger degree.
Brent Crude Oil-Trading in a rising price channel and hit the lower channel support recently. Good pullback from the channel support line.
Consumer Discretionary Index($XLY)- a long term leading indicator for US Equities currently at all time high, suggesting current downward spell in Dow Jones is temporary and we may see higher levels soon.