WTI

WTI Oil is heading up and approaching the psychological level of 60.00 $/barrel where the 38.2% Fibonacci level is located at. This level has expanded along the last descending move (112.2-27.7). Therefore, we can assume that oil might stop next to the indicated levels and then head down:

STOXX50

The European index STOXX50 rate experienced the false breakdown at the strong resistance level of 3681.00 and got back below this level. It usually signifies potential decrease in the asset’s rate, but the rate might have a possibility to get back to the level 3681.00 before that happens to test this level and then head quickly down:

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