Hello Traders and Analysts,
Based on what merit?
We have seen a nice impulse into the channel and a rejection upon reaching the trendline at $53.00
Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of Oil supply being heavy weighted in comparison to the demand . The spike to zero was the abundance of supply which effectively the storage supply became over saturated and "worthless", the May contracts were not accepted for physical delivery and the paying for the delivery took place to prevent further storage.
This imbalance was created in which created the impulse. Price re-established itself with $30-36 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed.
Looking for an entry?
Based on the orange trendline - we would be looking to buy further at $48.00 where price may look to establish a lower high.
If* this zone is broken, the correction will deepen with $46-48 looking to be a buying area.
Here is our original take
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Many thanks,
Team LVPA.
Risk disclaimer:
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Any opinions, news, research, analyses, prices, or other information offered by Lupa Capital is provided as general market commentary, and does not constitute investment advice. LCP LTD will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Based on what merit?
We have seen a nice impulse into the channel and a rejection upon reaching the trendline at $53.00
Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of Oil supply being heavy weighted in comparison to the demand . The spike to zero was the abundance of supply which effectively the storage supply became over saturated and "worthless", the May contracts were not accepted for physical delivery and the paying for the delivery took place to prevent further storage.
This imbalance was created in which created the impulse. Price re-established itself with $30-36 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed.
Looking for an entry?
Based on the orange trendline - we would be looking to buy further at $48.00 where price may look to establish a lower high.
If* this zone is broken, the correction will deepen with $46-48 looking to be a buying area.
Here is our original take
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Many thanks,
Team LVPA.
Risk disclaimer:
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Any opinions, news, research, analyses, prices, or other information offered by Lupa Capital is provided as general market commentary, and does not constitute investment advice. LCP LTD will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
