Owing to geopolitical tension around the globe, can expect WTI to trade around 90$ during next week. In 15mins chart, we can see the ''W'' recovery pattern. Can expect an upside movement to 90$. If the situation worsens in war, it will move beyond that. Disclaimer : Trade as per your risk level.
100% sure analysis. I wish I had a strong capital to trade with. I wish everyone a happy and comfortable trading day
NZDUSD analysis is simple but effective We wish you a successful trading week and always remember how to manage your capital and create your own strategy
The #Gulf_War (2 August 1990 – 28 February 1991), President George W. #Bush has given new meaning to "exporting democracy"! by BOMBING #Kuwait and #Iraq (#Saddam). One of the main results was the drop-down of Crude Oil Price until February 1999!
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An armed attack in Baghdad will lead to an increase in the value of protective assets. Gold grew. But I bet that the situation will not receive military continuation and gold quotations will return to the main volumes.
Monday turned out to be a fairly calm day for financial markets. The reason on the surface is a day off in the USA. So today it will almost certainly be more volatile and interesting. The Bank of Japan set the pace to the news background early in the morning. Monetary policy parameters were left unchanged. The press conference will be somewhat later than the...
Yesterday was oversaturated and accordingly super volatile. Although it is worth noting that the strength of the counter-movements significantly exceeded our expectations. On days like yesterday, traders either make a fortune or (which happens much more often) lose their deposits. Often the reason for the loss of the deposit is excessive greed on the one hand and...
Update on our previous analysis. I have reason to believe another black swan event involving US military is immanent. Keep an eye on it.. Not sure of new targets...keep your eyes open Good luck traders. PREVIOUS ANALYSIS:
The U.S. session has opened with fireworks out of the crude oil markets. Since the traditional New York crude oil “pit” open at 9:00 AM EST, traders have driven the price of WTI north by almost $2.00. At press time, price is testing the $69.00 level. The intraday uptrend is explosive, so keep leverage moderate. Here is a scalp setup from a short-term daily Moving...
Tomorrow, members of OPEC will meet in Vienna, and it is unlikely there will be any policy shifts. Despite the dire straits some OPEC members are in, such as Venezuela, the current crude production policy will likely remain until Iran and Russia agree to some sort of production resolution. MacroView has been overly bearish since June 2014 but indicating that the...
Technically, the oil prices are on a strong footing and a monthly close above $115 per barrel would only take the prices higher, towards $145 a barrel, which is near an all-time high. Oil is currently trading above the important Fibonacci retracement level of 61.8% and faces resistance in the price band of $ 115-120 a barrel. For a detailed analysis, visit here:...