-Crude oil is currently trading in a ranging market environment between 83.34 and 70.08 (larger range). Price is also in a smaller range between 82.66 and 72.46 (smaller range). -From how I see the markets, the 10AM Feb 23 candle was a retest of a fair value gap before a move higher continues aiming between 79.73 and 81.50 price levels. I would like to see the...
In my previous SLP analysis, I said that there is a high probability of a higher low in place at 0.015 and after a spike to 0.025 the coin started to consolidate above 0.02. I'm bullish as long as the price is above 0.015 and a buy at this moment could have a 1:3 risk: reward if we target 0.045 previous high. However, a return of optimism in the crypto market...
Oil is riding down the descending channel quite well. I feel like $13.50 could happen but maybe its time for a bounce based on everyone going short at this point. Maybe a short squeeze? I haven't really looked into short positions but I know they have been gaining for months. Assuming that we are to break up, we wouldn't see a ton of resistance until $30. I think...
I have been long term Bearish on oil expecting a few rallys up on the way down. Here is my long term projection for oil, anticipating $25 a barrel. We landed on the 38% retracement here last year as a response to the decline down from 2009. I think that rally to the .38 was the last for bit.
Looks like we are bouncing off long term support of an older trend line. I have done a Fibonacci overlay to estimate a return in to the $57 region. This is not trading advice.
I can see oil dropping to $56.50 and ultimately much lower if momentum continues.
Gold is mostly aways from ranging and channels and thats why its the sweet spot. However, Gold is either an Obedient dog or a ratchet one. Finding sweet spots for the pair is the Key because it obeys them. Over here we have 3 trades based on Trends and SR lines. A broken triangle gives us a bullish but failure to the trade, we take a short on trendline break with...
USDCAD POSSIBLE BULLISH SETUP, DXY AREA 94.30-94.40 CONTROL Initial SL level as it drawn (on close) DXY are 94.30 - 94.40 on control.
sell the break. i think it will be a good opportunity. first impulse on lower tf was already there. lower tf: GOOD LUCK