CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies


Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.


Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1


United Kingdom

Negative Balance Protection


Back to Blog

Brent Consolidating. Bollinger Squeeze on WTI. Trading Short AUDUSD.


Welcome to this week’s Market Blast Technicals.

Free Valutrades Signals!  Click here:

I’m Brad Alexander and on behalf of Valutrades, today we will look at AUDUSD, Gold, (XAUUSD), WTI (USOil) and at Brent Crude (UKOil).

Looking at Crude Oil on the short term 1-Hour chart we see a descending triangle with support at $93 per barrel.Screenshot 2022-02-08 at 11.43.15

The Stochastic Oscillator is also bearish but remember, price action on Crude Oil is a fundamental story these days with the Ukraine situation in play.Screenshot 2022-02-08 at 11.43.26

Also, price action on the WTI April contract has formed a symmetrical pennant and we rarely see the D and K lines of the Stochastic Oscillator within the 20 and 80 limits.

If you are familiar with Bollinger Bands, you may recognise the Bollinger Squeeze which almost always indicates future volatility.Screenshot 2022-02-08 at 11.43.54

We have been watching this Symmetrical Pennant on Gold for weeks now and price action continues to consolidate.Screenshot 2022-02-08 at 11.44.04

We see a good level of resistance at $1825 and the 38.2% Fibonacci level and the Stochastic Oscillator indicating Overbought.Screenshot 2022-02-08 at 11.44.16

Price action on AUDUSD has bounced off this upper trend line and the Stochastic Oscillator has turned down from Overbought.Screenshot 2022-02-08 at 11.44.25

Also, we see strong resistance at the 50% Fibonacci level and strong support at the 23.6% level.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.8 February 2022 Technicals EN TN



The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.