USOIL price flow forecast view by pretiming algorithm30-Jun
Price forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
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D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.9% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of rising: 1.9% (HIGH) ~ -0.6% (LOW), 1.4% (CLOSE)
%AVG in case of falling: 1.0% (HIGH) ~ -1.8% (LOW), -0.8% (CLOSE)
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FX TRAIT: CRUDE OUTLOOK CRUDE OIL: OUTLOOK AMIDST TRADE WAR AND OPEC MEETING
Taking a look into crude ahead of the weekly inventory report.
Amidst the Trade-War, Crude appears to have held firm on its support at the 57.00 benchmark, taking a full retracement from the 61.8% fibo.
We are expecting to see a further decline in price towards $55.00/Bar. As oversupply and trade war still pose a massive threat on the black gold commodity.
Opec Meeting still in review by next month 25th which will determine if the decline may continue further down or balance will be seen.
As of now crude is still bearish, but investors are keenly advised to pay good attention the levels and make good use of money management while keeping positions opened.
FX-TRAIT ANALYSIS REPORT
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OIL CRAWLING BACK TO 61.5 LEVEL? 30 May 2019 Yesterday we had a hammer closing candle. Oil might be gathering bullish momentum depending on today's closing candle. A bullish candle will show us that price is heading back to 61.5 level. Watching today closely! Watch 61.5 level closely, a sell limit over there is a trend continuation trade and will highly work for you. Trade with the tide and not against the tide.
SIMPLE... Thank me later.We are looking at price making a move into our resistance area ( green zone ) As you can see it has been used as strong resistance before and we have some high impact CAD and USD news due out this week which could push price into this zone sooner rather than later, because as you should know if you trade oil that oil has a negative correlation with USD CAD so When oil goes up, USD/CAD goes down. When oil goes down, USD/CAD goes up.
So its pretty simple really...
USDWTI long setupI'm not feeling that much confident with this trade that's why I'm planning to risk only 1% of my account. I'm going to trade WTI in CFD. I will then add more lots if i see price goes in my direction.
The problem is; USDWTI closed the final bar below my support
Disclaimer: Not a financial advice.
Trade safe
Atilla