hey traders, just 12 hours until weekly candle closes. it looks like the market will close above key weekly resistance (very strong bullish clue). I am already bullish biased. Here are the next key levels to pay attention to: Resistance 1 - 50.5 - 55.0 area is based on price action from 2015'th Resistance 2 - 63.0 - 66.5 area is based on 2019's...
Hello all! Just went through my previous posts and I didn’t quite give a full update on this chart. Well, here was the outcome' A beautiful shorting opportunity presented at the $43.70 level. Congratulations if you ended up taking this trade. 1000+ pips here. - @crudesignals
Expecting downward momentum. Nice pullback to previous support now turned resistance. What’s your thoughts?
Crude prices edged higher, touching levels of $43 on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and prospect of supply losses in Norway along with hopes for some U.S. COVID relief aid supported prices. Prices got supported after reports of Saudi Arabia considering reversing course over OPEC’s planned production increase early next...
Currently todays market open has shown P action below the inner downward trend line and inner upward trend line. Currently watching P action to see if Bulls Vs Bears has the strength. Daily View: Published chart 4hour view above ^ Also see Gap for slight interest area if price is more bullish this week. 📈Support & Resistance📉* Support Levels 1st Support...
It is a historical time! And of course, it is the time of new opportunities. Probably you were surprised by the price falling of May Futures below 0.00USD. Of course, we did see something like this before. Several days ago, it was impossible, but now it is a fact. The price can drop in the negative zone, and we should take into consideration this fact in our...
OK, just one more chart about oil because it is a historical event (and could(!) affect crypto market as well somehow). Looks like it settled at ~$35, experienced 325% drop for today. Why did it happen? I think due to coronavirus and lockdowns oil isn't being used much. But it needs to be stored somewhere and it costs money. And there's a lot of oil in storages...
In spite of the false bullish signal based on the bullish divergence and the strong bearish momentum, the market is going to give us the perfect buy opportunity. The price is not far from 10.00, which will act as a support zone. We should be ready to see a trend reversal signal based on a new bullish divergence. It can be a reversal based on candlestick or chart...
The market gave us a trend reversal signal based on a double bullish divergence. When the price broke the local downtrend line, it was a buy signal. The estimated entry level for buy trades should be above 28.00 with stop orders below 21.60 support. The market is going to reach the downtrend line. If the market gets fundamental support, the goal will be...
It is a very hard period for the oil market. But the price can't fall all the time, and there is a bottom in this market as well. What does it mean for traders? It means that it is the right time to search for the possible reversal from the bottom. It can be short term trading based on an idea to catch a pullback. It can be an attempt to catch a possible...
Hi there. Price is forming a reversal pattern to change its formation. Wait for the price to complete the pattern and watch strong price action for buy.
Thanks for viewing. This is my first post on UKOIL after doing several on US crude. Long story short, these didn't have the chart price history that UKOIL has. The way I see the count now is that the 2016 to present rally is made up of waves (1) to (3) and we are somewhere in the wave (4) correction. The most recent August to October rally was a 3 wave...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Crude Oil turned negative once reached a new high on Wednesday, reaching $65.62 driven by Iran's missile attack on a group of the United States military bases in Iraq.
A closer look at USD/CAD price action shows it’s trading within the confines of an embedded near-term descending channel formation extending off the December highs with the lower parallel further highlighting support at the 1.2883. Initial resistance now 1.3050 backed by the October low-day close at 1.3086 – both levels of interest for possible topside exhaustion...