Xtiusd
My wife wants a new MAN... Any takers? Apply within.My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around.
From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls taking over for a while and pushing price back up to retest our trend line which just happens to fall in our resistance zone making this a strong setup for a sell.
So we are looking for a re test of our trend line before entering.
My wife wants a new MAN... Any takers? Apply within.My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around.
From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls taking over for a while and pushing price back up to retest our trend line which just happens to fall in our resistance zone making this a strong setup for a sell.
So we are looking for a re test of our trend line before entering.
My wife's sisters leaky tapMy wife said i should spend less time around her sisters ( ive told her this leaky tap is a bugger to fix.. its been dripping for 2 months now and i still cant fix it ) ;p
Anyway enough about my marriage issues and lets take a look at oil... After a couple of days of bearish movement from market open this week price finally went into some consolidation today finding support at 56.00 area where the bulls took over pushing price higher.
Now the next area of interest and possible resistance would be where price meets our trend line, a bounce off this level will produce more bearish movement whereas a break of this level could see price push much higher.
So this is not a signal but something to keep your eye on and action your own trade.
Anyway im off round the wife's mothers now, apparently theirs something wrong with her boiler... i will keep you updated.
My wife's sisters leaky tapMy wife said i should spend less time around her sisters ( ive told her this leaky tap is a bugger to fix.. its been dripping for 2 months now and i still cant fix it ) ;p
Anyway enough about my marriage issues and lets take a look at oil... After a couple of days of bearish movement from market open this week price finally went into some consolidation today finding support at 56.00 area where the bulls took over pushing price higher.
Now the next area of interest and possible resistance would be where price meets our trend line, a bounce off this level will produce more bearish movement whereas a break of this level could see price push much higher.
So this is not a signal but something to keep your eye on and action your own trade.
Anyway im off round the wife's mothers now, apparently theirs something wrong with her boiler... i will keep you updated.
Overall view on XTIUSD or crude oil - Update of June 24th weekThe multiple failed breakouts on the support zone drove prices up to new highs. We are now close to a strong institutional level @60.000, while odds of a bull continuation remain high.
Possible targets: @60.000 (+2000pips or 2.00$ per barrel) and @63.000 (+5000pips or 5.00$ per barrel).
Advice: Stay bullish and buy at any low point while we don't break the @56.000 bottom level.
Overall view on XTIUSD or crude oilAfter multiple attempts of breaking the support zone, oil soared as a result of the current political and economical tensions. A debut of a bull run is noticeable and the odds of a continuation are high.
Possible targets: @59.000 (+2000pips or 2$ per unit) and @63.000 (+6000pips or 6$ per unit).
Advice: Stay bullish and buy at any low point while we don't break the @54.000 bottom level.
WTI Crude Oil May 29, 2019Are you ready for the next downward movement?
It seems like crude oil is being pushed to the downside.
WTI Crude Oil May 22, 2019According to the technical and fundamental analysis it's time to sell WTI.
What do you think about it?
