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Brent - BullRunPotential correction at fibb 61.8% After correction price can still follow the trend Trend: UP Ichimoku: UP Stoch: After overbought for more: www.invesery.com Last news: vesting.com -- Crude oil prices weakened Thursday amid concerns about fuel demand as the pandemic continues after U.S. inventories posted an unexpected rise last week. By 9:45 AM ET (1445 GMT), U.S. Crude futures were down 0.6% at $52.97 a barrel, while Brent futures were down 0.5% at $55.79 a barrel. U.S. Gasoline RBOB Futures were down 0.8% at $1.5315 a gallon. Data released late Wednesdy by the industry group, the American Petroleum Institute showed that {{8849|U.S. crcrude oil inventories rose 2.6 million barrels in the week to Jan. 15, against expectations for a 300,000-barrel draw in forecasts prepared by Investing.com. The U.S. Energy Information Administration is due to release its official weekly inventory report on Friday, later than usual due to Monday’s holiday. If these numbers show a similar crude oil build, it would be the first since early December. Weighing on the market is the fear that the surge of Covid-19 cases is having a direct impact on the demand for crude oil, not only in the U.S. but also around the globe. Earlier this week the International Energy Agency, a Paris-based autonomous intergovernmental organization, revised lower its global demand estimates for the year by 300,000 barrels a day as a result of a fresh wave of lockdowns, particularly in China, the largest importer of crude in the world. “The most recent has been in Beijing, specifically the Daxing district, which has affected around 1.6m people,” said analysts at ING, in a research note. “The government will be keen to get any outbreaks under control, particularly with the Chinese New Year fast approaching.” On the supply side, newly inaugurated President Joe Biden has announced his decision to cancel the Keystone XL pipeline project, which would have carried more than 800,000 barrels a day of crude from Alberta’s oil sands in Canada as far south as the U.S. Gulf Coast. Additionally, ING noted that Shell (LON:RDSa) has lifted force majeure on exports of Forcados crude from Nigeria, a measure which had been in place since Jan. 14, after the pipeline to the Forcados oil terminal was shut due to a leak.
OLong
by Lafoks
TSLA: Green or Red path? With earning fast approaching next week, TSLA finds itself at a crossroad. But was does this mean? Well, for starters TSLA has been inside a very long ascending wedge pattern, recently touching the very top and being rejected there after making its all-time high. When the rejection occurred TSLA began to consolidate inside a small but well-defined triangle pattern which has not been broken. Using Pivot Points, we can also see that TSLA is holding support at an R2 level which is something I look out for when looking for breakouts. Now does this mean we are going to see a breakout with TSLA? No, not really, but it is another tool that can be useful when analyzing charts and searching for possible clues. With earnings next week, possible triangle breakout, and R2 as support, TSLA could try and make a move up to R3 and retest the top of the ascending wedge. Do I recommend jumping in now and buying TSLA, NOT. AT. ALL. I personally would wait a bit and let the triangle breakout decide which path it wants to take, Green or Red.
NASDAQ:TSLA
by jnpTrends
1
Ethereum it's wake up; don't missing this trade!!!I see that in H4 timeframe Ethreum it's so bullish and today we break up this simetric triangle. The reaso that I hope it's to have an extra confirmation and be secure to entry in the market. Look how in H8 timeframe the trend it's continue bullish and then, Ethereum it's so bullish in this chart becuase Ethereum make support using this trend line support and then, we hope that Ethereum continue up in the next days. Why? Because if you look in Daily chart, we have a good confirmation that we can to put a buy order limit so near of the actual price to entry to long in Ethereum Guys, if you are so interesting look this idea, you can to comment below about my own Question: How can you see me more oriented in the market? Forex or crypto? And why? I make this question because I need to know if I'm so popular in Forex or crypto because based in my reputation it's more oriented more in cryptocurrency!!! And maybe I'm interesting to trade related market like stocks to invest and trade in the most company that I like. Stoks market it's another market that I'm interesting to learn and more about it. So, in general I trade whole financial makrets, specially the popular pars in the financial markets. But, I believe that I'm intersting crypto, and learn stocks and make trading in cryptocurrency and stock markets.
COINBASE:ETHUSDLong
by harisonhbn9718
2
Bearish Scenario: Ethereum show weakness!!! divergence downIn the medium term, we noticed that Ethereum doesn't have force to continue up above to $600 USD. So guys, you will need to still alert of any bearish scenario, because I can to see two support: $490 USD and $440 USD. Now, vey important it's to have this plan in case that Ethereum show more bearish signal in Daily or H8 or H4 timeframe. My reccomendation if you want to get benefit of this short position don't trade H1, trade H4 chart or above. Also, noticed that in 3 Daily chart in the RSI I mark the red horizontal line that mean sell signal and also, we can to see a sell signal in Ethereum that we would need to know this secret information to accumulate more Ethereum!!! Ethereum it's one of my cryptocurrency favortie!!! And then, in weekly timeframe, we see more bearish scenario that Fibonacci mark a possible correction toward the 0.382% and 0.618% of Fibonacci. and also we see a bearish divergence in the RSI too!!! What do you think about this analysis? Can this analysis support you and have any plan for bear scenario?
COINBASE:ETHUSDShort
by harisonhbn9718
1