GOLD ALSOInvestors take care, gold also will loss brightness. Is that indicator of new economic crisis?
Crude-oil
Going down After a upside trend following a clear inverted shoulder-head-shoulder figure, recently broke the support and now in plunging in downwards channel.
NATURAL GAS NATGAS WITH ABCD PATTERNNATGAS complete ABCD pattern and may go down for next few days..
CRUDE OIL SHORT OPPORTUNITY 1D AND 1W CHARTSCRUDE OIL POTENTIAL SHORT
OKAY SO I HAVE BEEN WATCHING CRUDE OIL FOR SOME TIME NOW WATCHING TO SEE HOW PRICE WOULD REACT AFTER A VERY STRONG SELLER PUSH AND OBSTRUCTION OF STRUCTURE ON DAILY TIMEFRAME. AFTER LETTING THE BUYER MARKET CREATE SOME BREATHING ROOM, AS WELL AS A BETTER RATE FOR SELLERS TO SELL FROM IT IS STARTING TO DISPLAY INTEREST ON THE SELLER SIDE. THIS PULLBACK ALSO CREATED A BETTER RISK/REWARD RATIO ON THIS SETUP. WATCH ON 1H AND 4H TIMEFRAMES TO LOOK FOR SELLER POWER TO COME IN FOR MORE PRECISE ENTRIES AND RISK LEVELS. THIS MAY TAKE SOME TIME TO COME INTO FRUITION BUT MARKET IS DISPLAY A HIGH PROBABLE MOVE TO THE DOWNSIDE. EXPECTING A EQUAL MEASURED MOVE TO DOWNSIDE.
I USUALLY DON'T TRADE COMMODITIES TOO OFTEN BUT HUMAN PSYCHOLOGY NEVER CHANGES THEREFORE ALL MARKETS WILL BE SIMILAR WITH SUPPLY AND DEMAND AND WHEN YOU BREAK IT DOWN THAT WAY IT MAKES IT A LOT MORE SIMPLE. THE PRINCIPLES OF SUPPLY AND DEMAND DO NOT CHANGE NO MATTER WHAT FINANCIAL INSTRUMENT YOU ARE TRADING. KEEP YOUR EYE ON THIS PAIR FOR POTENTIAL SHORT OPPORTUNITY !
ALWAYS REMEMBER TO IMPLEMENT PROPER RISK/REWARD WITH EACH SETUP YOU ARE CONSIDERING AND KNOW THIS IS JUST ANALYSIS THERE IS NO GUARANTEE AT ANY SETUP IN ANY MARKET.
CHEERS!
Crude melting in trade WarWelcome to all traders
This is the broader picture of the correction pattern of CL
we all know that crude prices are effected by Trade War but chart is also directing towards a correction that is going on that started around 66 area and now heading towards 50% entrancement zone that lies around 54.40 0.382 just broken yesterday expect further drop in coming days
U.S. Oil Drop Over Trade War Worries - Eyes on 54.50 Support!U.S. Oil Drop Over Trade War Worries - Eyes on 54.50 Support!
Big level for oilQuick crash into a key support area for crude. We have:
100 DMA
38.2% retrace off the entire 2019 advance
Key pivot area
100% extension of initial April decline
Parallel Slope off April->May highs added to May lows (clear on 4hr chart below)
4h chart:
U.S. Oil - Sideways Channel Breakout, Is it Going After $64?U.S. Oil - Sideways Channel Breakout, Is it Going After $64?
Choppy Trading In Crude Oil - Brace Yourself for a Breakout! Choppy Trading In Crude Oil - Brace Yourself for a Breakout!
Monthly Trend Line Rejection - Wait For StabilizationCrude oil was rejected off the monthly trend line @ $67, and was not able to recover before falling below the MA @ $64. The MA is now acting as resistance. Today we broke below support again at $62.70, and the bearish momentum brought us down to $60.70. Now i'm watching and waiting for the stabilization around the $60-$60.50 level in order to re-analyze. Follow me to stay updated!
Crude oil WTI set to break above 68Lately crude oil came under the resistance level at 66.2
Previous support is at 55 and the last move up was long enough that I don't believe crude will go back down 55 quite soon.
Maybe will it temporize and break out to the upside soon ! We ll have to see within the next couple of weeks though.
USOIL H4Bull run continues, as price broke to the upside of the consolidation range after bullish oil news yesterday. Will watch for a slight pullback to retest broken resistance as new support for price to make its way higher.
Crude Oil Waning In Latter Stages of CycleThis is an ultra long-term study for the purposes of perspective, not necessarily trading.
Crude Oil Trade Sideways in Narrow Range - Potential Breakout SCrude Oil Trade Sideways in Narrow Range - Potential Breakout Setup
