I'm a betting man, OIL seems like decent spot to long here. Ukraine Russia isn't going to stop soon and I cant see Russian enemies paying in ruble, and lets be honest even if Biden does take from the reserve its 5% of the daily American use and they need to replenish again at some stage, not factoring in OPEC either.
as you can see the oil price has broken through the trendline and has retested. on a higher timeframe it can be seen that the oil price is making a new LH. this gives a certainty factor for breaking the fibo level 0.618. when this will break we will reach prices towards the 77.5/78 show me your win in the comments
It seems that the upward trend will continue. I set 61.8% and 78.6% Fibonacci targets for the future. If you like my analysis, I will be happy to support me with likes and comments❤️
Crude oil historical chart: www.macrotrends.net Read more: oilprice.com Disclaimer: All information posted is merely for a personal journal, NOT a trading suggestion. Lotc is not a registered investment advisor. Lotc does not make recommendations of any trading or purchase proposes. Lotc does not guarantee the accuracy of the information.
Who would have thought that WTI Crude Oil will reach once again the 2014 levels, with all this green energy rally in the last few years? What`s next, to see once again Exxon Mobil Corporation (XOM) be the biggest company in the S&P 500? I think USOIL is heading for a retracement right now at 70-71usd levels, and overall forming a Head and Shoulders bearish...
Hello, Traders! OIL is having a slight pullback after the major level breakout And it might fall a bit more still However, Just as I wrote in my previous analysis The important resistance level was broken Thus I expect oil to go Up from the support confluence And retest the rising channel resistance Long from support Buy! Like, comment and subscribe to...
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EUR/USD Market Open Short Setup for Sunday 9/13
New Setup On OIL To Catch More Than 500 Pips
usdoil is prepared for sell..waiting for breakout confirmation..thank you
Por ahora estamos intentando establecer un piso ascendente, aun no hay confirmación pero si todo sigue así, podemos empezar a entrar con algo
Potential buy setups for oil. We would have to look for price action in the lower time frames
Different trading instruments I got quite a lot of emails yesterday and many of you guys were asking, whether this strategy was also applicable to other trading instruments. The good news is that the answer is – yes! You can apply this strategy to other trading instruments as well. Apart from forex, you can also use this one for example on indices like S&P 500,...
1. DXY is in downward correction, and should make another 6%-8% down to the levels 90 by June 2020 (or 92 by September 2020, the faster the decline, the deeper the correction). The decline should form 5-waves. This is a technical requirement for 4th wave correction of the previous USD rise taken place between 2014-2017. The price is in divergence with RSI for a...
Last week we had a massive push to the downside breaking the trend line support. We may have a pullback/retest to 56.25's before we make a further push to the downside. If price indicates sell confirmation at retest, we will be entering short positions.