This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
After spiking to 130.50 on March 7 at the height of the Russia-Ukraine war, Oil (CL) has started to pullback and consolidate. Oil shows an incomplete bearish sequence from the peak on March 7, 2022 favoring further downside. Short Term Elliott Wave View in Oil (CL_F) suggests the cycle from March 7, 2022 is unfolding as a double three Elliott Wave structure. Down...
Todays wick shows good resistance off the 200ma. I am looking for a gap fill as shown on chart, especially with the anticipation that we hear good results on the consumer price index(CPI).
Looking price to go up a little bit and then continue down to take out equal lows.
This chart shows how the extreme selling over the past few weeks has deleveraged/revalued the US/Global stock markets to near extreme lows. Historically, once this indicator falls below 25, the markets appear to be near extreme capitulation of any selling event. Obviously, extreme market trends could push this level below 25 for longer periods of time, but...
Looking for buying opportunity on the retest of the H4 Demand zone.
Excellent short setup on Natural Gas! Waiting for the 7.5 Level to Short! Also SUMMER is here in USA and across the Globe...
Falling wedge pattern on USOIL Crude oil may drop in the green zone around 93 2 plan Buy limit in the green zone or Buy stop ( or set alarm if price hit upper green channel )
This is good for everything risk on, if it plays out.
USO has planned a tough workout on the stairwalker. After finishing wave iii in turquoise in the upper turquoise zone between $76.92 and $75.60, it should move upwards to complete wave iv in turquoise. Then, USO should drop into the lower turquoise zone between $73.45 and $72.12 to end waves v in turquoise and 1 in green. Following another countermovement into the...
USDCAD broke the major resistance on the weekly & monthly timeframe signaling that it is ready to head higher towards the next high present at 1.33500. With the DXY also likely to head higher, this particular pair has been quite resilient in heading higher due to the Lonnie being supported by higher OIL prices. However a slow move upwards is supported by the...
5.10.22 OIL Part 3 ...this is a review of the decisions and outcome of those decisions from last night. As it stands at this time, the support is still holding > so I would think that it should move higher. The price action last night is a little more complicated than this conclusion, so you need to look at it for yourself.
USD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At the May meeting, the Fed delivered on hawkish expectations regarding rates by hiking the Fed Funds Rate by 50bsp and also confirmed that the committee expects further 50bsp hikes to be appropriate. The fed also stuck to a familiar hawkish tone by downplaying the prospects of an imminent recession by...
Occidental Petroleum Short Term - We look to Buy at 55.37 (stop at 50.76) Trading within a Bullish Channel formation. We are assessed to be in a corrective mode lower. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. Earnings news could provide a good catalyst for...
USOIL_H4 Bullish Antimax Formation, Let see market condition. Like and Follow me. Thank You
Based on the chart pattern seems like Natural gas is short.
It looks like WTI broke and closed above a key daily structure resistance. Now the market will most likely go higher. The next resistance on focus: 114.3 - 116.6 area ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️