After 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!
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...
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...
I'm taking this short based on the strong raid pool and the resistance of current channel. Regards and happy trading!
48.9$ >> 52.60$ (couple days) After 52.60$: DOWN
The forecast till June 1, 2016. The down movement will be very powerful. The up movement since January 20 - no other than deception. 32$ - is the minimum aim.
Oil will continue south throughout this week as USD strengthen
Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
I hope you are not short oil, because it just broke above a major line. Watch the lines.
Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.
all you see on a graph
The 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...
35.80 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...
I see a run down to 28 dollar to form a double bottom formation.
PRICE TARGET: 29 DOLLAR STOPLOSS 31,60