BESI: Moving Averages and Fibonacci Levels. We look to Buy at 79.56 (stop at 73.28)
BESI - Short Term - We look to Buy at 79.56 (stop at 73.28)
We look to buy dips. We have a 38.2% Fibonacci pullback level of 81.24 from 68.34 to 89.20. The primary trend remains bullish. 50 day EMA is at 77.00. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 95.06 and 99.50
Resistance: 90.00 / 100.00 / 110.00
Support: 80.00 / 75.00 / 70.00
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
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The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
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