Month: July 2018
KSE 100 Index consolidating within triangle pattern
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 | Rising Price Channel
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 vs Dow Jones Industrial Average
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.