alexkyp

alexkyp

Baker Hughes BHGE, +5.02% on Friday reported that the number of active U.S. rigs drilling for oil fell by 8 to 877 this week. -Decreasing oil supply due to Baker Hughes skyrocket Oil prices last week from $43 - $48 - WTICO reached monthly support line and is aiming yearly highs of $54

alexkyp

1.Its looks to be trapped within the 96-97 range, supported by the 200 & 800 EMAS. 2.Through the upcoming week it could rise to retest the daily trendline at 96.70 3. The upward trend it is based on the upward triangle formed at the 15’’ timeframe.

alexkyp

1. Bullish divergence spotted on 4hr time frame 2. Crosspair confirm upward trend 3. Oil prices index upward trend

alexkyp

1. Cross pair confirmation as, EURUSD is been oversold and USDJPY as well 3. Reached monthly trendline

alexkyp

Currently trading at major support, oil prices are expected to fall significantly as a result of global growth concern and rising supply!

alexkyp

1. Oversold for 800 pips 2. reached weekly trendline 3. USDJPY potential upward trend based on DXY expectations 4. Wait for a W4HR or W15'' for confirmation

alexkyp

-reached monthly & daily trendline -forming secong leg of M4hr + M15''

alexkyp

- The pair has been overbought for the past month to +700 pips as a result of falling oil prices -Reached weekly trendline and daily trendline - If dxy follows an upward trend and oil prices remain stable with USDCAD consolidating the pair could fall significantly

alexkyp

1.DXY upward trend 2. Oil prices - WTICO 2019 expectations for low demand 3. EMA's steep upward trend

alexkyp

Demand is expected to fall. The International Energy Agency (IEA), cut its demand forecast for OPEC oil by 300,000 bpd in 2019. Given current economic trends, this is unsurprising. Global growth is projected to slow from 3.7% to 3.5%. -Low demand compared to previous years

alexkyp

1. Market rejection at 1.27 2. DXY upward trend 3. Reached weekly trendline

alexkyp

1. Trading sideways on historical s&r 2. Reached 4hr trendline and formed the second leg of an M 3. Overbought for the past 5 trading sessions 4. DXY upward trend confirmation

alexkyp

1. Reached Fibonacci s&r 2. Reached daily trendline 3. Reached weekly lows at 96.20, it may face resistance at 97.00 4. Next Friday release of the employment report may affect the upward trend!

alexkyp

1. Weekly trendline confirmation 2. S&R reached 3.DXY upward trend

alexkyp

1. DXY upcoming upward trend 2. Weekly trendline confirmation 3. s&r confirmation

alexkyp

1. DXY potential upward trend 2. Hit weekly trendline + s&r confirmation

alexkyp

1. Daily trendline conf 2. Dxy upward trend reached daily and weekly trendline

alexkyp

1. reach critical support 2. hit daily trendline 3. W formation on 4hr & 15'' timeline