As a trader now of over 23 years, I have read a few hundred trading books in that time. It is always really interesting to have other people's perspective, strategies, hint, tips and tools. However, the main issue is not knowing if you are likely to get value from the book you purchase as it is also very subjective. You either have issues such as the book is too...
In today’s volatile global market, the price of oil can be affected by a variety of factors. From wars and international trade agreements to financial market dynamics and global economic outlook, understanding what influences the price of oil is essential for both governments and individuals alike. In this post, we will look at how geopolitical factors, financial...
The Organization of the Petroleum Exporting Countries (OPEC) The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization with main goal to coordinate and unify the petroleum policies of its member countries. This pertains mainly to securing fair and stable pricing in the oil market; efficient and regular supply of...
Crude oil is becoming weaker and weaker. though many fundamentalists promised a quick return to "normal" price levels after the lockdown removal, it looks like things are much more complicated than that. if you are a swing trader and you are looking for an opportunity to jump in in the market, I guess it is not the best moment. for the entire month, we could...
In this video I Will show you how to know when the time to book some profits come and how to use the stop gains strategy Please push like button and follow us on the trading view.
Current consolidation is a classic flat within double three WXY (white labels). Which is in its turn is the wave ((X)) of the larger yellow degree - the junction between ((W)) and ((Y)). After it gets completed another drop would follow to hit the blue box between 32.90 (38.2% Fib) and 29.70 (50% Fib).
Technical analysis on WTI: Key levels & trading plan explained.
This structure looks better. The wave 4 finally I revealed the key for it as it unfolded with wave C as an ending diagonal.
hey guys, crude keeps growing steadily! the price has easily gone through 18.5 - 20.5 resistance and now it turned to support. our next key daily resistance is 28.6 - 30.6 zone. look for a reversal formation within this area to short. in case of a further bullish continuation, the second resistance will be 34.0 - 36.0 area. if this zone will be reached, the...
hey guys, reading news outlets and ideas on tradingview, the forecasts are all bullish right now! people are urged to buy from any level based on the fundamental news. be very careful! though we truly see a dramatic shift and strong bullish rally this week, don't forget that technically the trend remains bearish! moreover, currently, the price is trading on...
In this video I explain how you should be trading the current market movement and conditions. This video is more educational than anything else.
Total ideas 107, Beta ideas 23 Overview of beta idea only. Publishing overview 4 of 84 later. Previous overviews 1-3 of 84 managed to clear all a targets. Myfxbook: Hearts_
Golden crossover is the bull cross of the 50- and 200-day MAs. It is a lagging indicator and usually works as a contrary indicator in the short-term. Golden cross indicates the underlying has rallied sharply in the previous four months.
All description on chart. Don't forget to like and follow. Thank you.
Pictured above is a graph of Royal Dutch Shell vs brent crude, the correlation coefficient between them, and the commodity channel index tracking the volume weighted moving average of Shell. I tested this indicator on a few energy stocks: RDS, MRO, BP and XOM. Negative correlation between brent crude and an energy stock coupled with an overbought CCI seems to...