stonaola1

stonaola1

1M Chart (Monthly): • Head and Shoulders: A potential bearish Head and Shoulders pattern is visible. The left shoulder forms near $94, the head at $110.59, and the right shoulder around $90.15. • Fibonacci Retracement: • 0.764 level at $94.40. • 0.618 level at $84.39. • 0.382 level at $68.20. • Critical support lies near $58.19 (0.236 Fibonacci). • RSI:...

stonaola1

1. Monthly Chart (12M Renko) • Price: Currently trading at $42,282.90. • Resistance: • $46,219.80 (All-time high). • Fibonacci 0.764 at $39,216.50, which acts as a support/resistance level. • Support: • $37,376.70 (0.702 Fib level). • $31,382.40 (0.5 Fib level) represents a key support in case of a larger pullback. • Outlook: A significant uptrend is...

stonaola1

Current Price: $69.29 Overall Bias: Neutral to Bearish (Short-term downside risk) Key Observations: 1. 12-Month Chart (Long-Term): • Price Action: WTI Crude is currently trading at $69.29, having retraced from a high of $98.59. • Fibonacci Levels: • The price is currently hovering around the 0.5 Fibonacci retracement at $73.80. • 0.618 level (strong...

stonaola1

Overall Bias: Bearish with potential for a short-term bounce Key Observations: 1. 1-Month Chart: • Price Action: The long-term bearish trend is still intact. The price peaked at $9.177 and has since declined to the current level near $2.066. • Support Levels: Major support is around $1.59. A break below could lead to a further drop. • Resistance Levels: The...

stonaola1

Instrument: Brent Crude Oil (UKOIL) Current Price: $73.66 Overall Bias: Bearish with the potential for a breakdown. Key Observations: 1. 12-Month Chart: • Pattern: The chart is forming a Head and Shoulders pattern, which is a classic reversal pattern suggesting a potential significant downturn. • Neckline: The neckline is around the $73.67 level, which is...