Headlines: • Crude Prices Bounce Off $30.50 Level Seeing Prices Regain Some of this Week Losses • Stocks in Asia Finish the Week Lower Continuing Their Fall • US Equity Futures Up Heading into the Session
Headlines: • Gasoline Plummets Along with Crude as Markets See Huge Selling • Futures in Asia Prepare for the Worst as They Plummet Heading into the Session • EU and US Markets Plunge as Investors Flee
Solid long term support and bullish divergence on daily as well as 4H chart This looks like a good long opportunity to me ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do...
Oil could be moving into a multi day smaller range consolidation so watch for a day of tight smaller moves. On the other hand if it breaks the consolidation a good sized larger move could easily happen so do not get caught thinking you know what will happen in oil. Play the action and the reactions. right now we are finding support that is decent around 32 and...
Headlines: • Crude Drops -28% as Saudi Arabia Scraps Cuts & Plans to Increase Production • Asian Equities Fall Apart as Investors See Strong Risk-Off • COT Report Shows Increase in Short Positions Last Week
Since the beginning of the month, we have seen a correction with the WTI, which has ended and we expect the downward trend to continue. The first support level is 44.15 followed by 43.33 and 42.07 Any additional negative news related to the coronavirus will lead to lower values.
Headlines: • Australia’s RBA Cuts Interest Rates to Lows of 0.5% Amid Weaker Economy • Crude Up During Asian Session as Optimism of OPEC Cuts Roll into Markets • G7 Scheduled for Today with Hopes of Action on Coronavirus by Ministers
Today we will analyze a weekly chart after the price reached our expected target. The way we analyze the chart is focused 100% on identifying major support resistance zones and forecast the possible scenarios there, either for a reversal movement or a continuation one. Also, we support our analysis by looking at similar situations in the past and understanding...
Short squeeze on Oil could a possible. Be cautious with the longs here.
DAILY CHART EXPLANATION: 🔸 "USD/CAD Breaking the Downtrend" Daily Chart: . . 🔸 Price has been on a Descending Wedge for more than a year. . 🔸 It has broken the Descending Trendline of the Wedge today. . 🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500. . 🔸...
If this gap from 2018 is still open then it should close soon. TP 44.50s. If that breaks then look for high 42s.
Headlines: • Asian Stocks Continue Fall as Investors Worries Weigh on Markets • Rio Tinto Releases Yearly Earning Data with Slight Boost from Iron Ore Prices • Turkey Releases Comments Stating Plans to Capture Idlib By End of February
There are excellent chances for WTI to move up from here! There is still 15mins for this candle to wrap up but I think there are great chances for upside since we are testing a support and have a contraction leading to 61.8%. The new 4H candles just started so im excited to see how things work out!
Hi Guys, A nice double bottom at 49.31 and a prolonged divergence with RSI generated a pullback into the descending 100SMA (red). Last Thursday WTI finally reacted to the divergence with RSI as investors focused on the possibility of deeper supply cuts from OPEC. Is the worst over? What are the scenarios? Will price continue to pullback slowly or with a...
Oil appears to have found Support following the very aggressive sell-off that started on January 7th after the Iran tensions began to ease. It has so far successfully tested the 49.30 level as a Support twice and is trading sideways within that level and the 52.20 Resistance on the 4H chart (RSI = 57.881, MACD = 0.140, ADX = 33.370, Highs/Lows = 0.4321). Despite...