After hitting ATH in March 2022 crude oil tested the level of $65 many times creating it a support level. Within the years the level of 65 was respected and either the price was above or below it for a longer time period. The price is testing this level again while the tension in the Middle East escalates. In the meantime, the price bounced back from the...
Long-term overlook 1D: 1.Gold as you may know for a long time is overpriced. Even on the weekly charts gold's RSI is for the second time around 80%. First time was around the week of 15th of April 2024 and this area where the price was struggling to get through on the charts I'm marking with the filled red rectangle. This is the price where the price might get...
1. Platinum is for months in symetrical triangle pattern (red) There was one atempt of getting out of the pattern but the price got back to the old trend (dashed red) 2. There are 2 support zones in blue. As the lower one is below the red line i am expecting that price will respect the upper blue support zone 3.The price currently broke the upper trendline and...