200sma
US OIL weekly outlookUS oil saw a major boost after a surprise announcement from Saudi Arabia to cut production. Followed by a boost at the end of last year due to expectation of vaccine for COVID-19 to open economies and increase demand. While the outlook for oil remains unknown, OPEC+ countries show the desire for higher prices even at the cost of losing production.
On the technical side we are at the important level: Coming to 200SMA and retest of the broken uptrend line signals consolidation with potential to break to the upside later. Biden's administration is still an unknown with regards to foreign policy and US relations with OPEC+ countries.
Potential to look for patterns next week on smaller time frames for intraday trades, updates will follow during the week.
Please support the idea and share your thoughts on US oil!
Good Luck and Stay Healthy!
Taking Support at 200SMABritania is an FMCG Food processing company taking support on 200SMA. a strong fundamental, rising sales, and rising profit make this company a good long term investment bet. stock comfortably broke the resistance of 3360 on weekly chart in on 1st June 20 and retested again on 19th oct 20. this form a strong around these levels.
US30I'll enter a position when there is a clear trend.
In the long term I have psychological Bear Sentiment. The market feels its pumped and synthetic.
But the price might go to 31000 before going down. I'll be trading carefully with smaller lot sizes.
50 SMA crosses 200 SMA #HXLIn this chart I have outlined the point in which the 50 SMA is crossing the 200 SMA (to the upside) this usually indicates an uptrend. Using that to my advantage I have also found a gap fill in the chart that could be a short term trade. I would expect some sort of consolidation at around the gap fill area and should it therefore continue past the gap fill the next resistance is also shown.
I will be keeping an eye on this to use on my spreadbet account.
NQ Power Range Report with FIB Ext - 11/11/2020 SessionContract - CME_MINI:NQZ2020
- High - 11654.75
- Low - 11584.00
Current Stats
- Gap: = +0.07%
- Session Open ATR: 316.37
- Volume: 42k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/10/2020 SessionContract - CME_MINI:NQZ2020
- High - 11901.25
- Low - 11850.00
Current Stats
- Gap: = +0.13%
- Session Open ATR: 318.89
- Volume: 63k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/5/2020 SessionContract - CME_MINI:NQZ2020
- High - 11839.75
- Low - 11774.25
Current Stats
- Gap: = N/A
- Session Open ATR: 301.24
- Volume: 44k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12090
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/4/2020 SessionContract - CME_MINI:NQZ2020
- High - 11345.25
- Low - 11244.25
Current Stats
- Gap: =0.14%
- Session Open ATR: 302.44
- Volume: 138k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12090
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/2/2020 SessionContract - CME_MINI:NQZ2020
- High - 11069.00
- Low - 10982.00
Current Stats
- Gap: -0.48%
- Session Open ATR: 272.83
- Volume: 25k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 11600
- Short: 11040
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/29/2020 SessionContract - CME_MINI:NQZ2020
- High - 11200.75
- Low - 11166.25
Current Stats
- Gap: N/A
- Session Open ATR: 265.35
- Volume: 34k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 11600
- Short: 11040
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/28/2020 SessionContract - CME_MINI:NQZ2020
- High - 11560.75
- Low - 11507.00
Current Stats
- Gap: N/A
- Session Open ATR: 251.35
- Volume: 20k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/27/2020 SessionContract - CME_MINI:NQZ2020
- High - 11508.75
- Low - 11495.00
Current Stats
- Gap: N/A
- Session Open ATR: 260.14
- Volume: 21k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/26/2020 SessionContract - CME_MINI:NQZ2020
- High - 11651.00
- Low - 11574.00
Current Stats
- Gap: -0.30%
- Session Open ATR: 257.77
- Volume: 27k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/23/2020 SessionContract - CME_MINI:NQZ2020
- High - 11682.25
- Low - 11661.00
Current Stats
- Gap: N/A
- Session Open ATR: 264.35
- Volume: 22k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/22/2020 SessionContract - CME_MINI:NQZ2020
- High - 11701.50
- Low - 11661.75
Current Stats
- Gap: N/A
- Session Open ATR: 272.79
- Volume: 33k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/21/2020 SessionContract - CME_MINI:NQZ2020
- High - 11701.50
- Low - 11664.25
Current Stats
- Gap: +0.19%
- Session Open ATR: 277.97
- Volume: 36k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/20/2020 SessionContract - CME_MINI:NQZ2020
- High - 11719.50
- Low - 11693.50
Current Stats
- Gap: N/A
- Session Open ATR: 284.29
- Volume: 39k
- Trend Grade: Neutral
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/19/2020 SessionContract - CME_MINI:NQZ2020
- High - 11888.75
- Low - 11815.00
Current Stats
- Gap: +0.18%
- Session Open ATR: 283.20
- Volume: 32k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/16/2020 SessionContract - CME_MINI:NQZ2020
- High - 11906.75
- Low - 11887.00
Current Stats
- Gap: +0.07%
- Session Open ATR: 287.16
- Volume: 31k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/15/2020 SessionContract - CME_MINI:NQZ2020
- High - 11983.75
- Low - 11930.25
Current Stats
- Gap: N/A
- Session Open ATR: 291.38
- Volume: 34k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.