Bulliish
MSFT MSFT is still bearish so any bullish trades need to be quick with trailing stops to capture gains.
MSFT presented a bullish divergence that suggests a reversal.
I jumped in after the bullish divergence and as soon as the MACD crossed over to green.
The additional confirmation of the trade is now that the MACD is going bullish above 0 and the RSI is crossing the 50 mark. Bearish vol on the 4hr is still weak - but watching for a signal to exit and save gains.
My plan for now is to see how 50MA affects the pricing and if RSI can reach overbought to signal an exit.
$CL Crude oil to 200$I want to point out the below reasons that might lead to a 200$/b oi l:
Projected to average $53/b in 2021, according to the U.S. Energy Information Administration's (EIA)
Oil prices started strong this year at $64/b in January
The demand for oil has dropped because of the coronavirus pandemic
A democratic government which will probably legalize new measures to fight climate change
EIA estimates global oil increase by 5.6 million b/d in 2021 and 3.3 million b/d in 2022
By 2050 EIA forecast Brent oil prices of $105/b.
Carbon taxes have ,which most probably will increase under a Biden administration, as a way to stop climate change and raise more awareness. Without shadow of a doubt they would raise oil prices too high, imposing a regressive tax on the poor.
Will update on more incoming information
SilverLooks like a W pattern needs to finish. I only want a scrape of the retracement of the previous high on the 4 hour timeframe. May take some time but i'd like to see the pattern be respected. I can see some minor pullbacks as we honestly are near a smaller high but I do like how we are trading above the 200 ema. I'm bullish on gold and wanted to see if the cftc sentiment stays true to its overall bullish sentiment on silver.