Watchlist Trading above 21EMA Steady uptrend since the start of 2020 Price reaching an area of resistance Watch if price can break through the 29c level
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Strategy: Buy the dip ------------------------------ CrudeOil is in correction phase and looking for W-X-Y correction on weekly chart where target for Y is above 55. On Short term, we are waiting for good opportunity to go long. After breakout of bullish inner channel, we are on sideline and looking to see support on outer bullish channel.
Talking Point: Technical Strategy : Bearish Elliottwave View : Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting this...
Talking Points: CrudeOil Technical Strategy: Sell for correction Elliottwave Count: After had a breakout of 53.50, we are looking for bullish count, consolidation remain due Analysis Based on our previous analysis on CrudeOil (CL), we were stuck on complex correction cycle after reversed from 26.17 level to 51.65. However current market is much clear than...
Talking Point: Technical Strategy: Turning Bearish Elliottwave View: Progressing wave (C) of c. Analysis Silver was trading sideway and is on long term down trend. However, recover from 13.91 looks promising. We had impulse leg up and current move from 20.96 is correcting this move. We were expecting correction over 17.04. But current move on lower...