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Oil Technical Analysis: OIL slumps to 2-week low near $62.00 The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area. Another side of OIL Stable 62.60 level buy this position, Target 63.50 and 64.00. Oil Resistances are seen at 64.00 and 65.00 level. Daily SMA100 55.66 Daily SMA200 60.56 Previous Monthly High 60.78 Previous Monthly Low 54.79 Daily Fibonacci 38.2% 65.45 Daily Fibonacci 61.8% 65.76 Today last price 63.02 Today Daily Change -2.12
OLong
by Saleh11
WTI OIL Volume Analysis hey traders, wti is still in a clear uptrend. and now the market is approaching multiple structure resistance levels looking left. Take a look at volumes, though on 11th of April we had a very calm trading day, we see a selling volume spike. Smart money started to sell and assets are changing hands. Despite the fact that the market has made a new higher high, we see one more selling volume spike. Volumes do not confirm the uptrend anymore. It is a warning sign for us. Now, let's wait for a bearish breakout of a rising channel. it is a very good confirmation signal. 60 and 58 are support levels for your targets.
FX:USOILShort
by VasilyTrader
XAGUSD Testing Resistance, Prepare For ReversalXAGUSD is testing its resistance where we expect to see a reversal. XAGUSD is testing its resistance 16.20 (horizontal swing high resistance, 61.8% Fibonacci retracement ,61.8% Fibonacci extension ) where a reversal to its support at 15.51 (61.8% Fibonacci retracement ,100% Fibonacci extension ) Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by FlowState
WTI CRUDE . Long term Target HiTI posted a chart on 10th MAY, WTI can potentially reach 76/78$ before it drops .. The long term target has been hit, More downside is really temporary for me right now. Worst case scenario is $48 but 51.5/52$ should hold strongly. I expect a massive upside upto $100/104 from here. Not maybe would agree to that but I would be loading up from 53/51/48. everytime it touches these levels. As the downside Risk looks far less than upside. I have attached my MAY 10th Call for Short.
FX_IDC:USDWTILong
by shaxrashid
8
Get me a coffee: strong and blackI'm eyeing up a long entry on coffee. I'll look at trading this through the 3CFL ETF. If the trade goes as envisaged and hits my wave 3 target, it could yield 100% profit thanks to the leveraged ETF. Disclaimer: This is not financial advice. Do not follow my trades. Do your own analysis, make your own trading plans. I am not an Elliot Wave analyst and only use the tool to map out a general idea of how price may move. Constructive comments are welcomed and encouraged. So why am I taking this trade? The recent move up from the late September low looks pretty impulsive and price is currently printing what looks to me like a bull flag; As price has been falling throughout this year, volume has started to swell, giving clear bullish divergence More recently, in the July to September period of this year, the swelling volume could be considered stopping volume Price has bounced off the $96 dollar level (12 year low) a level which has previously been a springboard. Monthly / Daily RSI and stochastic RSI look bullish Why am I targeting $148 by end of year? Historical resistance level Confluence with specific, modest fib extension level Use of fib time tool to project key dates for pivots Any reasons to be cautious? Weekly RSI and stochastic RSI look bearish Price could possibly make a W bottom and even make a lower low, with strong bullish divergence on stoch RSI / RSI - which would provide another good entry for a long. Stop loss? Subject to the opening price on the ETF tomorrow, I'll consider placing a tight stop around the $110 mark.
ICEUS:KC1!Long
by matt8932
2
Silver in Dollar strength's shadowXAGUSD, H4 and Daily By Andria Pichidi - November 12, 2018 Recent US data, such as last Friday's hot PPI numbers, and the Fed's policy guidance following last week's FOMC meeting, have fanned expectations for a resumption in Fed tightening at December's policy meeting, which has underpinned the US currency. The USDIndex has gained 0.5% in posting a 17-month high of 97.38, while EURUSD has concurrently printed a 16-month low of 1.1268 and USDJPY a 6-week high at 114.20. This drags commodities to week lows, with Silver futures near $14.10, on USDIndex strength, despite the risk-off theme. The Chinese economy, which is slowing faster than expected amid growing risk that the country will have to backstop its economy with further measures to slow the outgoing tide, risking increased debt to do so, has underpinned commodities as well. On Friday, the XAGUSD confirmed a close below the descending triangle set since June and the up-channel formed since end of September. This decisive move below the 2-month Support at around $14.20-14.22 area, and as the pair remains below this barrier so far today, assured the switch from neutral to negative outlook. According to the momentum indicators, the market could maintain negative momentum in the short-term as the RSI flattened below 30, while the MACD oscillator posted a bearish crossover with its signal line in the 4-hour chart. Meanwhile, the MAs formed a bearish cross, with both 20-and 50-period MA crossing below 200-period MA. In the daily timeframe, XAGUSD’s picture is neutral to negative as RSI sloped below neutral, whilst MACD turned negative with signal line consolidating around neutral zone. As the asset confirmed a leg below $14.20 on Friday, the market could retest the next hurdle at the round $14.00 level, but more precisely September’s low at $13.93. In the wake of more negative momentum, the next level in focus could be at the 2-year low of $13.73. To the upside immediate Resistance holds at $14.22, and the medium term at 20-day SMA at $14.50. Andria Pichidi Market Analyst HotForex Disclaimer:  This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
FX_IDC:XAGUSDShort
by HotForex