I am by no means an Oil Trader.
But I do trade Commodity Currencies, especially CAD.
Just observing the price patterns, and considering the time of year.
The Elliott Waves and Fibs seem to line up nicely with the calendar.
I have no idea what OPEC or the Geopolitical situation might do.
So not a trade here by any means, just putting it out there for consideration.
But I do trade Commodity Currencies, especially CAD.
Just observing the price patterns, and considering the time of year.
The Elliott Waves and Fibs seem to line up nicely with the calendar.
I have no idea what OPEC or the Geopolitical situation might do.
So not a trade here by any means, just putting it out there for consideration.
Note
Oil still climbing, but TA says it is near 'a' peak.So I will be watching for a pull back week of May 21st/
Will post a new Idea or update here, but looking for signs of pullback:
Note
Well, the pullback came as expected.and WOW, straight down thanks to OPEC.
Will be watching the support zones for possible bounces.
Note
Oil fell on OPEC news I guess.It came to rest exactly in the fib zones as anticipated.
But I think it will go to the next zone, fine tuning those calculations now.
the Golden Ratio is my Religion
the Trading View is my Nation
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the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.