alonso780

alonso780 Updated 

Bulls will be challenged at 44689, beyond that mentioned price then the next target will be at 47786 and 51388. Rejection at 44 689 will send us back to 37580 and 33500 in extension

alonso780

Oil buyers will try to push prices past 138.03( March High) to 148.65 . There's still some upside potential in the months to come. This analysis is closely related to WTI crude oil my previous analysis link below. Read it to understand this better.

alonso780

There is a potential push towards 144, Following Russia sanctions. Russia is the third largest exporter of oil according to Investopedia analysis posted on March 8, 2022. This will create scarcity of the product in the market hence more demand which will result in higher prices in the near future.. RSI indicator shows an overbought figure at 71.94 according to...

alonso780

The pair has formed a rising tunnel as seen from the data since 1975.. Current fall will most likely be held at around 1.10000.. am waiting to see if buyers will step in next month around 1.08000 and drive the number higher. RSI is approaching oversold figure on monthly timeframe suggesting that we might see a rebound as sellers have had their share. Its important...

alonso780

Buyers stepped out of this item at 3757 first on July last year then it retested the same price point on November 21, since it couldn't move above it then sellers took charge and now they are trying to push price below 2700. If 2700 gives way then it falls towards 2000 given that monthly RSI reading is at 49 implying that there's space to the downside.

alonso780

It appears that buyers took profits at 1200 - 1232 area and sellers took charge since then, sellers are now still in control and now I have to wait untill I see buyers get in. I am expecting to see some bullish pressure at around 704 and 561 area

alonso780

21.500 support held multiple times. Silver buyers will look to push prices and retest 28.138 - 29.000 area, if sellers are not found there then more gains ahead and might reach 34.572.... On the other hand rejection at 28.138 means that sellers are there and price will drop to 21.500 and below that 13.214

alonso780

All time high(2076) couldn't give way during recent retest, as long as 2076 is holding then there's a chance that it will start falling in the near future. I would wait and see, then take short positions at 2076, sl at 2080 and targets at 1500... Buying here doesn't make sense to me, it's too expensive

alonso780

I would wait for buyer to come before taking long positions around this month's low(1.08000) area. with targets at 1.234000( last year's high)

alonso780

It appears that the currency pair is consolidating, repeating the same activity which took place last year between June and Sept. If 148.000 support holds then it will look to retest 158.000 to 161.000 and if it breaks then bears win and hence deeper losses. Next support at 134.600

alonso780

According to the look of things it seems that S&P 500 fall won't stop anytime soon.