FCPO Daily chart still in bullish structure. Perhaps to the next top trendline
As significant zone broken, FCPO spot month price may look to have stronger bearish trend towards 3000 level. Possibly in a very near future.
Last week closed at significant zone. Monthly trendline. Today open as change month candle push the price towards bullish as well. Target may be around 4050 - 4100
XRP price seems rebounded from the bottom of this significant trendline in weekly chart. It may try higher towards top of the channel in the next few weeks - months. XRP price in hope for a bull run towards 0.80
After few huge bearish candle, FCPO now at important resistance level. If this highlighted level is respected, we may see another bearish run towards the monthly trendline. Around 3500 level
Soybean price rebounded from previous swing high Price may retest trendline above and probably breakout before another pullback into the range. Bearish momentum may go a bit further..
Soybean chart currently approaching a significant area - reversal zone. The bulls might run for a while. Will see if bearish structure and momentum come in later.
With structure in H1 timeframe building its bearish move, and reversal zone resistance. USOIL may see another bearish run today or this week. Target around 101-102 at bottom of the structure / swing low.
Daily candle at significant level with weekly reversal zone. Some bullish momentum with the higher WTI oil price and Soybean price.
Crude Oil WTI price went bearish this few days. Hourly timeframe still with some bullish momentum towards the reversal zone and trendline. Will see if the bear can came in or the bulls will win at these significant levels. There might be a short opportunity in H1 timeframe. TVC:USOIL
After a few bearish days, I turn to the larger timeframe for a larger picture of the price / trend . Bearish move this week crossed the Weekly trendline with strong momentum. I see price continue moving slowly in the next few weeks before another bearish run towards the 4500 level. Consider this as the leg 1 of its bearish move, it created a lower low. And...
Soybean daily chart reached swing high and reversed. With Left shoulder also reversed before and momentum confirmation in daily chart. A short term bearish momentum may continues. Disclaimer: This is only for educational purpose and not financial advise.
Support seems broken as the bears are gaining strength. Daily chart seems to have a strong bearish momentum that breaking into the Reversal Zone1 & 2. Zone 2 is the stronger 1, if broken, price seems moving downwards towards -61.8% of the daily Fibonacci retracement range. There will be a short opportunity if the bulls fade again as second confirmation, in...
Short opportunity for WTI in lower time frame. Some support at reversal zone - may attract price to this lower level before forming another structure. Target around reversal zone - as drawn arrow.
There might be a short bullish run as price reaches reversal zone and Weekly trendline. Current momentum shows some fading of bearish momentum. Short-term bulls may run for a while before the bearish momentum can push - broke through the reversal zone.
Analysis: Weekly price closed @ RM6,353PMT (-180) Price move in larger range; went up towards the dotted trendline in the daily time frame and closing on Friday downwards. Indicators: - Value Chart: neutral EMA-13 Line: neutral RSI: neutral Weekly candle (see pg.2): Price showing a stronger bearish momentum as Friday closing price went down sharply. Next Week:...
H4 chart with Fibonacci Retracement confirmed and candle broken the micro trendline. Price set to go higher today with some bullish momentum. With the micro trendline as support. Target somewhere at the swing high near 14567