High-Beta – AUD, CAD and NZD benefited from rising commodity prices on Tuesday, as markets set aside concerns about the spread of the Delta coronavirus variant. The notable outperformer in the commodities complex was oil prices, with WTI approaching $68 per barrel, up almost $2.50/+3% on the day.
Indeed, following today’s strong performance in WTI, TD Securities...
Last night video idea ended up being a HUGE success.
Oil did drop up to 6% at some point and closed the day at a 4% minus!
Take a look at yesterday's video and notice how the price of Oil did drop indeed and how it rebounded and stopped at our previous support which now became a resistance.
Technical analysis for a seminar!
Astronomical returns possible: Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to "Big Oil" signal after SPX setting ATH's >> WK 16 DEC 19 63% 8 WKS >> WK 25 SEPT 18 437% 11 WKS >> WK 28 JAN 13 1383% 10 WKS. The only time signal did not work was when bitcoin MACD histogram was in red. CAVEAT: WTI Crude Oil Weekly MACD line (source HIGH) has not yet closed...
Crude oil is becoming weaker and weaker.
though many fundamentalists promised a quick return to "normal" price levels after the lockdown removal,
it looks like things are much more complicated than that.
if you are a swing trader and you are looking for an opportunity to jump in in the market,
I guess it is not the best...
Check out the latest blog post for more boi:
Same deal, short weakness, buy strength. When BTC is giving the market room to breath, we own altcoins. It works every time. We don’t need to know why, we just know that it does. So what did we do today? We looked at the top 500 coins,...
Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar...
crude keeps growing steadily!
the price has easily gone through 18.5 - 20.5 resistance and now it turned to support.
our next key daily resistance is 28.6 - 30.6 zone.
look for a reversal formation within this area to short.
in case of a further bullish continuation, the second resistance will be 34.0 - 36.0...
Zones created using crossovers of Monthly 20 MA on VIX close & 20 MA of same. Like end of crash in 02 & 09 some bulls and bears think this crash will only be confirmed over when TNX closes month above 1.34. See what happened to OIL, GOLD, and DOLLAR last time (green verticals). White verticals denote VIX peak (no guarantee reached that yet). Caveat small sample...
Oil prices are as shown below :
Peaked at 1 July 2008 -147 $ plummeted to 35 $
Peaked at 1 July 2014 -107 $ plummeted to 28 $
Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $)
Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $
So until July 1 2020 May be long after badly short.
reading news outlets and ideas on tradingview, the forecasts are all bullish right now!
people are urged to buy from any level based on the fundamental news.
be very careful! though we truly see a dramatic shift and strong bullish rally this week,
don't forget that technically the trend remains...