GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by:
Fundamental:
-USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico.
-Possibility of including Canada in the trade deal.
-Less tensions with China in terms of tariffs.
Technical:
-USA Index bullish momentum.
-RSI convergence.
-Strong support levels at USD 34 - 35 range.
As a result I see a bullish momentum above USD 35 level.
Enjoy your trading!
You can check my last posts:
EURUSD
UKOIL
JPM
Fundamental:
-USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico.
-Possibility of including Canada in the trade deal.
-Less tensions with China in terms of tariffs.
Technical:
-USA Index bullish momentum.
-RSI convergence.
-Strong support levels at USD 34 - 35 range.
As a result I see a bullish momentum above USD 35 level.
Enjoy your trading!
You can check my last posts:
EURUSD
UKOIL
JPM
