UKOIL-USOIL
EURNOK - possible long trade EURNOK has fallen to great support just above 9,20 area, including horizontal support and a long trendline since the bottom since april/may this year.
For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound.
Long trade setup:
Entry around 9,23-9,25. Stop if we close below 9,21 on a daily basis. target is set to 9,40.
USDNOK - the trend is your friend - possible long trade setupAfter the recent breakdown of 8,40 level, we have seen a fast move down to the long uptrend since may this year with higher lows, given support around 8,25 area.
This should trigger a great long trade with good risk/reward ratio.
Buy area is 8,23-8,27 with a stop if we close below 8,20 on a daily basis. Target 1 is set to 8,40 and target 2 at 8,55.
Play safe!
The technical analysis for oil (2)Continuing the theme of oil, add one more technical analysis. Other indicators for oil 5 from 5 show us a trend reversal, one and the last signal indicates as technical analysis confirmed this, as can be seen from the chart, the price of oil is in reversal zone that shows us Bears open short positions, and Bulls close long positions, the movement of prices on the H4 cyclically repeating for the fourth time violated, from experience I can say that the price of oil price shows a trend reversal and started preparation downward movement. Based on the foregoing, I declare that it is time to open short positions from 48-47. The first target of 25-28, second target 15-18. If you find a useful recommendation, put Like. Tips: WebMoney Z117104600117
Yours faithfully,
Vinter Frank.
The technical analysis for oil Continuing the theme of oil, add technical analysis. Other indicators for oil 4 of 5 show us a trend reversal, one single and the last signal of a reversal should be the technical analysis and it is 5 core, but as can be seen from the graph, until the oil is no hurry down and is in the area of consolidation that tells us about is that neither the bulls nor bears are in no hurry to open or close positions, waiting for the signal from the external market, I'd add that the technical analysis discovered certain patterns, for example; the price movement on the H4 cyclical and repeated for the fourth time, from experience I can only say one thing, that the price of oil works on the same scenario, and probably by the same players (oil traders) as all four price zones are similar not only in price performance, but also on the time zones, and secondly is no unusual situations in an upward trend that says that the market is working under the old scenario, but any deviation from this scenario will talk about serious upcoming changes. Based on the above, stating that technical analysis shows us a speculative rise in oil prices, the planned movement of oil prices is up, any change in this scenario would be to speak of a trend reversal. You find useful recommendation, put the Like.
Yours faithfully,
Vinter Frank.
Shorttermlong in a Bearish EnvironmentThe bull move since January is still going strong. It seems like they all put their piratepatches on both eyes and are now going with the trend.
Also take a look here at the resemblance for the start of this year and the start of 2015. HS formation formed in both cases, ended up fulfilling in the same way. After this followed the volatile way to the top.
There is no foundation that will keep the oil above 40 for more then a few months, In the next few weeks we will see the 2016 final top, before we move on down for the rest of the year
32$ essentiell 4 Bulls 2 survive (@ least technically) this week35.80 USD: 2.Target (292 Chance)
33.97 USD: 1.Target (109 Chance)
32.88 USD: last Price
32.21 USD: last Support (67 Risk)
You can use the support levels as stop-loss price level.
And both targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
Change/Risk Ratios are 1.63 C/R Ratio (1st) & 4.36 C/R Ratio (2nd)
Change/Risk Ratio = 1.Target/Support & 2.Target/Support
Best regards!
Aaron