VIP_Trading_Technologies

VIP_Trading_Technologies

We have had 7 straight sessions with red candles. We have +8 oil rigs added on today's BH report. USD strengthening. Money managers reduced their net-length in Brent crude oil futures and options by 24,528 contracts to 254,818 in the week. Short covering positions doubled... New lockdowns in New Zealand, Australia, Indonesia, Thailand.... Worsening situation in...

VIP_Trading_Technologies

Possible inverted HS pattern inside another bigger inverted HS pattern (with a bit of imagination). It went slightly below the support trendline and stopped right to another previous support (possible left shoulder). I'm holding long positions at the moment but taking caution below that support line. cheers

VIP_Trading_Technologies

It went straight to the target with a slight delay in time and bounced at the moment of writing at the support trendline. Price may recover a little bit but big hedge funds will decide their big moves either on Friday or Monday. Let's see what they want to do. My target remains unchanged at 61, extension at 57ish. That would accomplish the oil swing of 20 bucks...

VIP_Trading_Technologies

Today we got a lower low and finally trading below the support at 65. Everything points to a bear continuation to low 63, followed by 61ish by the end of the week or next Monday if the rig count in Canada and USA keeps adding dozens every week (output increase). My target remains unchanged: 61.

VIP_Trading_Technologies

Just look where are we now and look at the all time high...Of course there is a huge difference with the Brexit but it looks quite promising to bet on a GBP recovery against the USD

VIP_Trading_Technologies

We are in nomansland at the moment, therefore just need to wait to hit one of the entry points to add more positions. Cheers.

VIP_Trading_Technologies

More or less is following the drawn path. I'm expecting to finally break the support at 1.1704 and dip lower to 1.1612. Cheers

VIP_Trading_Technologies

So far, so good. SL at cost, peace of mind. Target remains unchanged. Possible HS pattern in play.

VIP_Trading_Technologies

Self explanatory. Target remains unchanged. Remember: possible inverted HS pattern in play.

VIP_Trading_Technologies

I always share my ideas, whether I'm right or wrong. After hitting the target price bounced sharply and quickly entered into nice profits and placed SL at cost. I was expecting to hit the resistance trendline and it didn't happened (yet?). Now we are just trading few pips aways of the support trendline and I am not certain at this point whether it will go up...

VIP_Trading_Technologies

Target hit much earlier than anticipated. Partial profit locked in, keep some shorts for possible channel break out. Let's see if the channel is respected or not. Cheers.

VIP_Trading_Technologies

The massive uptrend continues with the excellent earnings seasons and I think we are heading to 37K. Correction won't happen yet should the FED doesn't indicate a softening policy. In the meantime price looks pointing to a new all time high. Cheers

VIP_Trading_Technologies

Massive rig count data, growing covid cases in US and worldwide with delta, delta plus and lambda mutations, Iran talks, driving season end, dollar strength, etc, are these factors going to affect the OIL price in this coming week? My target remains unchanged: 61-62 with extension to 57 and 51 in few weeks if the situation gets worsening. First things first,...

VIP_Trading_Technologies

So far so good. Stop Loss at cost, peace of mind. Target 1.086 to 1.10 in extension. Step by step first. Cheers.

VIP_Trading_Technologies

We are currently sitting on the support trendline with a possible inverted HS pattern nearly completed. Target remains unchanged. All the best.

VIP_Trading_Technologies

Some correction and probably will head south again with more strength to break the support at 1.1704. That's my view and my goal. HS pattern (right shoulder completed) now should send prices to 1.11ish or lower (my final target). Cheers

VIP_Trading_Technologies

Nice profit so far shorting at 33.45. Expecting a correction between 32.200 to 31.850. Let's see. Cheers.

VIP_Trading_Technologies

Few pips more and target achieved. Expecting a correction from there. All the best.