on lower time frame we have break for lower border of the daily uptrend channel , this is just and out line very early to decide coming mid April oil discussions on cutting production ,,,, their results will effect market
It's about time oil take a cover - south he goes : 39.95 before or by Friday :)
USOIL completed bearish shark hopefully will go down now.
CAD and AUD are commodity currencies. I also threw in Copper just to track price of commodities. Gold would have skewed it as it's inverse to volatility. If you know a reliable index for Steel or Iron, then please feel free to let me know, I will love to add that. As we can see, the price of OIL was somehow artificially kept high even when real demand was not...
if this stays like this...over yellow line...headed to the 2nd yellow line
FX:USOIL pls continue your way up a little more
We expect CRUDE to rise. STOCH RSI is rising. RSI is rising. CCI is rising. We expect crude to stay long above: 34.77 SL: 34.48 TGT 01: 35.59 TGT 02: 35.91 TGT 03:36.91 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
USOIL is expected to sink now. There are many reason why we feel it may sink. 01. It is trying to touch Tgt 01. of quarterly short level of 29.66 02. HAMMER in daily Chart. 03. To sink and come near quarterly Tgt 01. sell level of 29.66 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is...