SimonJonsson

SimonJonsson

Bounce at 2225 could very likely happen, if not, it will move lower to somewhere 1990 to 2000

SimonJonsson

History doesn't repeat itself, but it rhymes. A simple idea of the future.

SimonJonsson

Basically just short. You could wait for it to reach the top of the pennant (if it ever does) for an optimal entry. Or short on breach down, probably happening now!

SimonJonsson

Go short if 2098.5 is reached. That is strong resistance since months back + it should be close to the ceiling of the downward trend channel that we are in

SimonJonsson

Long if trendline is broken. Short if it fails. ~2098.5 is also a strong S&R line the past months. Fib 0.5 is also here at 2098.1. SMA50 on daily is at 2100.

SimonJonsson

Simple, go long WTI if it breaks the green trend lines to the upside.

SimonJonsson

Support from red dotted trend line again. Look at my next idea for a zoom in, and see the bullish idea.

SimonJonsson

Simple. Go short at the ceiling of the channel. But do not go long now, it's risky. It can slide downwards at the bottom of the channel.

SimonJonsson

Read on chart

SimonJonsson

We are at a strong resistance now. I will be long over night

SimonJonsson

Brent has met resistance at the ceiling of the green channel. This is above the high on 9 february. WTI has not at all reached it's high of 9 february yet. At the same time it seems to have broke above the downward trendchannel (yellow, orange and red lines, they come out different depending if you paint on 4H, dailiy, weekly etc). Compare to my chart for WTI...

SimonJonsson

Will the downwards trendchannel hold? It has been tested multiple times now. Zoom in and a head and shoulder might be forming as well. Can it break down? Compare to Brent, see my other chart. Brent seems to have broke above the downwards trendchannel and is now trading higher than the high of 9 february. Too much ambiquity here.

SimonJonsson

We have just hit ceiling resistance in the down channel. I think we could reach 33 or even lower.

SimonJonsson

It broke trendline on 5M chart after having top of a channel on longer timeframe. Oil continues down, stock markets continue down.