Market Update 9/26/22TIMESTAMPS:
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Intro 0:00
APPL 0:25
Going Over Price Movements 5:00
BTC 8:34
VIX 12:34
Indices 13:18
APPL What I want to see Recap 14:30
USD/WTI 16:08
DOGE 17:25
XRP 18:12
ETH/BTC 19:28
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Video Sums it up. The average ceiling is around the 4HR hull at 151.81. Depending on where we start there might be mayhem in the coming days or even tomorrow. The main plus that the market had today on the open, was that it was oversold in pre-market, assisting the price in initially pushing up more than it needed it.
I go over it in the video, but the amount the price rose in 1 hour today, was the same amount it rose last Monday in 5.5 hours. Pretty wild stuff. Especially since it got sold down from there.
As usual, I will add timestamps.
USDWTI
USDWTI LONGHello guys,
In this video i show why i see a long in WTI. Coming into this week i was only looking for shorts on oil and cad but with the opec meeting russia i am forced to review my bias.Oil has been extremely cheap and a course for concern especially with the demand coming out of china dropping at record levels.If i am not mistaken china makes up for almost 20% of the oil demand and with that out of the market you can see why opec definitely has to cut supply.I think they will either cut oil or all of a sudden there will be news reports of oil tankers getting attacked by unknown people.Either way i see a retest of the support and a shoot up to higher price levels in oil and cad
USD WTI SHORTHello guys ,
This is my short idea on wti. I believe the price its at a key resistance level.This in addition to the fact that the corona virus clearly bring about an over supply of oil with airports shut down , less flight, less people driving that creates an oversupply of oil should bring price down. I know the crude oil inventory count is coming up so i have placed my stop loss at a reasonable area where i can take the loss if the count causes that big of a change. The price can also be impacted by the FOMC statement. If the trade is in profit by then , i will secure a portion move my stops to break even and let it run