hello everyone, my last analysis came true (for short position).. price is becoming bullish in the weekly timeframe as of now, however there will be more manipulation next week with the major news (NFT and FOMC meeting)... price is trading above the support level, candle closing above the support level would indicate a possible swing trade. However monthly candle...
you can't see anything here on the 15m chart. but when you lower your time frame you start to see something, that something could be useful for your trade.
hello everyone, the USoil has become bullish with usd being weak (dxy trading below 100)... the price can reach the main resistance 84 and it's the strongest resistance (highlighted in red), it can either pull back or break it to next resistance level of 92. But lets see in the following weeks, dxy ended up strong end of last week.. look for a break out before...
hello everyone... this is the next analysis after the completion of the short position for usoil/wti... today USOIL pulled back from a strong support level of 64 ish area... price will test the main resistance area of 72.. which will be the 1st target to take profit $$$ breaking 72 and price staying bullish, we will likely see a new high level around 92...
hello everyone... USoil has started its bearish cycle... price unexpectedly jumped to 83, I think its a possible fakeout... price most likely will drop around 72-73 which is a main support... however price is still in a straight channel... the channel could break and price can fall to support trend line as indicated on the chart... good luck
hey everyone, I'm posting first time for the Canadian stock etf - ""this is inversely proportional to WTI/USoil"".... When US OIL price falls, the HOD price increase for past few week, the price show a bullish move from 8.39 to 13.84 approx... this coming week the price is pulling back to support around 10.21 (at support trend line)... at this point if the price...
We have already seen about 25% decline from the $130 top in March 2022. However looking at the monthly chart, we might be in the middle of further decline. Notice the divergence of slow stochastics indicated in the chart, so we should be aware of further risk of decline with a strong support around $65 area. 2 interesting facts as of today: - Interestingly MACD...
Today we look at oil approaching restance and potention support levels
Another day another idea that I found interesting from my indicators perspective
i'll be watching $LL in the morning for a spike into the 16.50 resistance area. I will be entering my short position on the front side of the move using the 16.50 area as my risk. Will stick to stop because next resistance is in the mid 18 area.