Pullbacks

Also notice in the chart below that there’s a high amount of volume-by-price in the $50 to $65 zone, so that range should be supportive on pullbacks.

It continued to form higher lows, suggesting buyers returned strongly to undergird deep pullbacks.

On the 4 hour chart, we can see that the latest leg higher diverged with the MACD which is generally a sign of weakening momentum often followed by pullbacks or reversals.

On the daily chart, we can see that since the bounce on the red 21 moving average, GBPUSD rallied with almost no pullbacks.

Still, geopolitical unrest in the Middle East could help support WTI and Brent on pullbacks over the coming weeks and months.

The red long period was acting as support for the pullbacks, but now the moving averages have crossed to the downside which is a bad omen for the buyers and a good sign for the sellers.

We can also notice that the latest leg higher which is usually a sign of weakening momentum often followed by pullbacks or reversals.

We can also see that GBPUSD on this timeframe has been diverging with the MACD, which generally indicates a weakening momentum that is often followed by pullbacks or reversals.

Spikes in demand from China have led to numerous jumps in copper prices over the years, while pullbacks in the second largest global economy have translated into dramatic slides in the price of the industrial metal.

As something to be aware of, market pullbacks are certainly likely to occur each calendar year.

One obvious place to enter is on the break of this, and pullbacks towards, this daily trend line.

That's why I see it as a stock you want to buy and hold onto for the next few years – even adding to your stake on pullbacks.

This is currently where the monthly moving average sits, and this area is typically a floor for the metal on any pullbacks.

We think large amounts of cash help explain why pullbacks in the S&P 500 have been relatively shallow.

In the past, muni bonds have performed well during economic pullbacks.

The silver position, despite the recent pullbacks, remains over the +50,000 net contract level for a 4th straight week.

This suggests that pullbacks of 7% or larger are buying opportunities, and one should not lose sight of the bigger picture.

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Firstly, the GBP - the beat in CPI data would mean the GBP will almost certainly be bought up in the coming session, pullbacks in the GBP would most likely find buyers.

Investors can use market pullbacks and corrections to add to holdings of diversified funds.