BMYWin

BMYWin

Is it a dark Friday? Luckily it is not 13th of the month. UK has voted exist UN impact the financial market. People and traders are somewhat panic for this event show an over reaction to the final voting result. Daily chart on Friday appear a Dark candle penetrate 5, 10, 20, and 365 MA line. But the close price is keeping well above 50 MA. The Brent Crude oil...

BMYWin

After satisfy a bullish wave reach 52.83 high, Brent crude oil price drop rapidly for 6 days testing 50 days moving average support area. It is still in the correction stage. The correction target look like target at Target 1: 0.236 ==> which price at 46. 75 has almost reached. Target 2: 0.382 ==> which price at 43 to 44. Bearish side are: 1. uncertainty of UK...

BMYWin

2016/04/23 We estimated the wave might target at 52.56. And we hold our long position and continue to aim at this target on 2016/04/29 This week the price move a high at 52.83 on 2016/06/09, it hit our target, and we liquidated all of our long position. We think the Brent Crude Oil might be in a bullish market trend right now. The big wave start, but be watch...

BMYWin

1st time: Brent Crude touched yearly average (365 MA) on 2016/05/18, but fail. The price get support from 10 Day MA. 2nd time: Break it on 2016/05/25, but the second day forming a reverse hammer. Now the 3rd time come back to test 365 MA (Yearly average) price. The bull look like want to challenge yearly average next week. We took partial profit from our 7/10...

BMYWin

Last week we estimated correction might target at 42.74 to 44.05, and we execute our planned to have another long position when price near the target we estimated. The trend looks like want to challenge the Neckline (48.10-48.30). This price is a big pressure during the two time frame :2015/1/20 - 2015/1/29 and 2015/10/28-2015/11/09. Currently bullish signal...

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Testing 230 moving average 3 times. And still standing above 230 day moving average. Weekly Close price equal to 5 days average Short term bearish equal to short short term bullish. After 4 while solider from weekly chart, We think correction target might be at: 1. 45.31 (Reach) = 7.71 x 0.382 2. 44.41 (Reach) = 7.72 x 0.50 3. 44.05 (Near) = 11.02 x...

BMYWin

2 months ago, (2016/03/07) we draw a chart indicating maybe Brent Crude Oil Price will smile and smile. Crude oil might follow after gold to have a big U smile curve. Now Brent Crude Oil build a bigger smile cruve, maybe we can said that Brent Crude is now in the process turning bearish into bullish market. Since July of 2014 bearish control the market, it...

BMYWin

Like what we predict on 16th, April, 2016: "Price might test low side next week at around 41.98 to 40.75. If this price(40.75 to 41.98) can get support, then price will go up to break 45." This week price open test the low, and it got support at the low side. Therefore, this week closed above 45. From weekly chart, it appears another 3 white solider. Overall is...

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Pressure: 45 (200 day average, or 40 weekly average) Support:: 42-42.4 original pressure, now become support. This week closed under 40 week average(Said 200 day average.) Price might test low side next week at around 41.98 to 40.75. If this price(40.75 to 41.98) can get support, then price will go up to break 45.

BMYWin

As what we expect the Brent Crude Oil price testing 37.6 last week. And it stands well. We buy it from 38.5. Price hit our 1st target (MA 150), we take partial profit. And looking forward the price to challenge previous high (42.52 in 18th, March, 2018.) and 200 MA (43.00)

BMYWin

As we predict Brent Crude Oil was trading in a narrow range correction trading week. And now it hit my buying zone. It looks like a standard wave 4 pattern, now it seems trading in PDTB (Pull Down To Buy) area by major traders. I will like to buy from here. Stop loss: 35.5 1st Target: 150 day moving average: 2nd Target Previous high: 42.52 3rd Target: 44...

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A Healthy Correction Narrow Range Trading between 2 neck line: 1. The upper side: 42.52 (Key Pressure Neck Line) 2. The lower side: 39 (Support Neck Line) Key Pressure 1. 150 (half year working days) days Moving Average: 2. Key Pressure Neck Line: 42.21 is The Low price of 2015/08/24. We connect this point to the low 42.41 of 2015/12/02 forming a key...

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Is Russia Currency the Crude Oil Currency? Russia Ruble VS Brent Crude Oil Price: 1. The Russia Currency is tightly connect to Brent Crude Oil Price. 2. Most of the time Brent Crude Oil price above the value of Russia Ruble. 3. It looks like currently the Crude Oil price is somewhat under value in Russia Ruble.

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Weekly chart 4 soldiers has been build. Back test support this week. It stands good above the support level. If the back test is wave 4, then wave 5 target will be: 1st target: 42.41 => Reach 2nd target: 44.50 3rd target: 49.30 Support: 1: 40.70 2: 39.04 3: 38.30 4: 37.55

BMYWin

Spreading Trading -- Buyer Brent and Sell WTI Crude Oil: Reason: 1. Most of the time Brent Crude Oil price higher than WTI Crude Oil Price. 2. Only around 1 months period that this spread is lower than 1.26 from Jan 2015 to now. 3. Normally, Recent Spread was kept around USD3 to USD3.5 per barrel

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This week range trading almost the same range trading in 2015/12/7 to 2015/12/11 Upper Limited : 2015/12/08 : 41.37 VS 2016/03/08 41.46 Lower Limited : 2015/12/09 : 39.59 VS 2016/03/08 39.39 Will price lifting the pressure line (blue line: Blue Line 2015/05/06 High 69.61 connect and extend with 2015/06/10 High 66.35) ? ==> My Personal View is :YES it shall...

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A nice U Turn correction. Brent Crude oil is about to Challenge the previous high. 1. Daily chart seems to be wave 3 now. (M....if this is valid then wave 5 might be target at 50.) 2. Correction back test 66 hours EMA average forming a very good looking U turn format. 3. Price moving up with a healthy Transaction Volume increased. 4. The correction might be...

BMYWin

Hit Short term Target. Daily Chart is bullish. Weekly chart is bullish, too. A small correction might be healthy.