In looking at the recent weeks data and the way the price of Oil has reacted to the 15 EMA I am very very interested in a short, potentially from tomorrows open. I may have a look at the price in the early European session to see if it pushes up to even touch the EMA - just to get the best price. But I would predict a strong decline tomorrow based on the...
I published this yesterday but have been looking at it a lot today and have added in a Fibonacci retracement from the low of December 2015 to this years high and I've identified with the blue rectangle this key area of support. Some consolidation (maybe 1 week) in this area would be ideal as we could then look to go long on a break out and hopefully look for a...
I remain bullish on Gold due to potential continued uncertainty with the UK's monetary policy and also the ECB. Gold may continue to be a safe haven especially if USD releases poor data.
A pull back to the 38.20% fib would ensure the best entry with an add to the position at the 1366.62 breakout. The up trend has remained particularly strong despite the anomaly...
Long from the previous breakout of 103.455. Will add to the trade at the breakout of around 106.103 which would confirm the continuation and bring us up towards the 38.20% fib with a profit of 1.5-2%.
Short from the break out at 45.775. This has been a challenging trade so far with the congestion that has arisen. However a break of current support of 41.61 could see a move down to the 38.20% fib which would hit my 1.1 ratio on original position and adding on the break could see a net of approx a 1.5 trade.
Price has been following a text book sell off on a touch of the 5 day EMA. We have a large trend line support coming into play and also a 2015 horizontal zone of support. Techincal traders may be looking at the Bat pattern nearing completion and a reversal in price around, I believe, the 177 mark. However fundamental analysis may determine a break of these support...
Long term down trend. Retraced just shy of the 61% mark and the reversal on the 25/08 began. To enter this market on the long term short side look for a retracement up to the 23.6% from the reversal and short looking for a break of the head and shoulders neckline and the 3 long position stop losses accelerating the price decline. Good Non farm payrolls will also...
