Check last analysis on brent in 'Related Ideas'. UKOIL makes some "erratic" movements and I would be clueless if I couldn't identify wave structures. If you appreciate it, please click 'LIKE' buttom. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private...
Crude started the new year with volatility, as prices initially rebounded into price resistance near $38/bbl on geopolitical tensions between Iran and Saudi Arabia. However, the rally was short-lived and there looks to be no follow through in today's session. There are a few key factors to take into account: slow global growth, a decline in global demand growth...
UKOIL may reverse the major downtrend for some correction to the upside (at least to between $40 and $42 as initial target). Happy new year! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL . Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Oil could be on a bearish channel. It's currently on support so I guess go long isnt a bad idea, isnt it? Happy Trading!
Technical Analysis FTW! Pic below is about "where i get these level?".
Oversold on Bollinger, but Indicator momentum in line with new lows. I am looking towards the extension of the previous lows this year to get to 34-35 for support, then 33 (old front month low of January 2009) Until then, more of the effects of the OPEC meeting, which yielded more supply coming on line in the near future. These levels are not worth shorting...
I am speculating some consolidation before the continuation of current trend. While it corrects, prices can respect those channels on chart. If there is price spikes, it could perform a larger consolidation or even a reversal. Follow me to be up-to-date on BRENT. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS...
This was the week of laid eggs. OPEC showed it no longer has any control. The oil production number was leaked earl in the day on Friday and basically said they will not curb production. With the current glut of oil, further production spells further trouble for oil. How far can she go? We think oil could flirt with the $30 area. At this point all pullbacks...
We may be seeing the resume of a fifth wave of a fifth wave. The hint is the structure (blue arrow) serving as resistance. For those who are not familiarized with the wave theory: a big movement (up or down) consists in five waves. For each wave is expected some behaviour accordingly, giving us an edge and possibilty to forecast within realistic...
GBPCAD looks to be headed south, with a potential weekly time at mode downtrend in the making. The price action supports this thesis, and we apply the ichimoku cloud indicator, the chart comes alive. Ichimoku paints a very bearish picture, confirming my bearish bias. There is clear rejection after crossing the cloud down and retesting it. After this, price shoots...