Get started

Ssr

SSR - Potential Buying OpportunitySSR broke out of its downtrend in April 2021 and made a high of $24. 40 , in the beginning of June. Since then it has been pulling back and currently at its 61.8% Fibonacci retracement zone. Price Action at the current zone shows that it has found support and any bullish price action will be an encouraging sign to get long. My target will be $23.15, the next Resistance level (potential 10% gain) with a stop below the recent swing low. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SSRLong
by AsimMirzaTrader
Chart of the Day: $CL1 completed 3-drive formation $CL1 completed a 3-drive formation which coincides with a SSR support and 61.8% retracement of the Dec'18 to Apr'19 up leg. Focus is shifting from demand issues to potential supply issues with Iranian crisis and potential for Russia to break with OPEC. Mother Russia will not break with the House of Saud as the relationship is beneficial to Russia in both economic and geopolitical terms. With Iran pushing back against Trump's maximum pressure and OPEC+1 holding firm, expect oil supply (ex-shale) to be tight and disciplined. Shale is landlocked and too light for industrial applications so expect OPEC+1 heavy sours to drive market direction. With completion of 3-Drives, odds are for a retest of levels completed during wave 2 & 4 which would coincide with approximately the 61.8% and 78.6% retracement levels.
NYMEX:CL1!Long
by WellTrainedMonkey
Chart of the Day: $TYA hits ABCD target $TYA hits an ABCD price objective in spectacular fashion as Trump enlarges the trade war to include Mexico. Not sure what would cause a sell-off in bonds, but the fact the $TYA hit the ABCD target in such an explosive manner as we head into the last trading day of the month and new SSRs being set, makes me do a double and want to take money off the table. Looking across to equities which have been selling off for a month and $ESA recently breached the crucial 2800 level together with the SOX trading at a key congestion zone, I would not be surprised to seem some near-term strength in equities and weakness in $TYA.
T
by WellTrainedMonkey