It seems that easy to understand that price could keep moving down as some reasons: doubt in global production cut, inventories are still high, lower demand (less cold weather), holiday seasons (traders try to take profits!), etc. . But in my own long-term view, I still keep bullish trend in crude oil price development. My view is based on the analyze/comparison...
I'm already close my long position but wonder that should oil touch the Ichimoku cloud or triangle before reversal?
Why market wait here after the rallying of price nearly in two days? So soon to up (as lack of support from fundamental factors) but for down maybe doesn't want to down more (or meet the end of the channel so soon too). Both bull and bear are waiting to get chance to win. Sorry for my complicated chart but I try to find any clues and hope it could give some...
My scenarios for daily UKOIL in June-July
Sorry everyone for this chart. I would like to remind that this chart is unmeaning because it's just like a test. I make it just for my personal reviewing and learning more in later time. Actually I don't know how to save the chart for reviewing later (with price update function) without sharing ideas as I'm afraid that it could make the distraction to...
Sorry, just saving for my review later.
It seems everyone just wait to go.