Use this asa guide to develop your setup: Main items we can see on the Daily Chart: -The price was rejected from a major resistance zone. -The ascending channel has been broken. -Currently we can see a corrective structure (continuation pattern). -Our forecast is a continuation of the bearish movement towards the next support zone. -We will trade this...
Oil has hit the 63.90 1W Resistance and is naturally retracing, despite the Middle East geopolitics and lower than expected Crude Oil Inventories today. This is purely a technical reaction upon reaching a long term Resistance level and 1D approaching the sell zone (RSI = 68.142, ADX = 54.212). We are expecting a pull back towards the 60.00 Symmetrical Support or...
SL got triggered right there! Maybe not too late, tho...
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October was phenomenally good for WTI oil trading. My last target for the long trade is lying on 60 level. Those who are looking for a short trade, focus on 60 - 61 resistance area. this area was respected multiple times by the market in the past and, in my view, it is the safest zone to sell. for now, it looks like bullish tendency will remain and...
Hello traders, Here's a analysis of the supply and demand zone from May 28, 2019 to December 2019 TRADE SAFE
Hello traders, Sorry for the mess, but here's my analysis for crude oil dd
Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 52.93 - 59.21 If WTI is capable of maintaining the current strength as of today, there is a projected weekly target price of 64.20 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the...
Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 55.17 - 58.13 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading...
Week update for week ending 20 September 2019 In Bull territory. Projected range for upcoming week 61.57 - 55.33 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 50.55 - 63.33 Price-Trend: .34x ATR Daily for 20 September 2019 In Bull...
Daily for 19 September 2019 In Bull territory. Price Projection: 64.28 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 54.87 - 63.33 Price-Trend: .77x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not...
Following the abnormal +10% move after the Saudi Oil facilities attack, the price is starting to consolidate, looking for new levels as Supports to attract buyers. In doing so, it has formed a Channel Up on 1D (RSI = 55.181, MACD = 0.790, Highs/Lows = 0.5164) which by those readings we understand that it is close to its Higher Low zone. At the moment it has...
Daily for 18 September 2019 In Bull territory. Price Projection: 64.28 HMA: Very Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 54.87 - 63.33 Price-Trend: .67x ATR Comments: Still holding neutral even with the Saudi announcement of the plant returning to 50% of production levels. Very...
Week update for week ending 13 September 2019 In Bear territory. Projected range for upcoming week 57.85 - 51.88 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .41x ATR Daily for 13 September 2019 In Bear territory. Price...
Daily for 12 September 2019 In Bear territory. Price Projection: 52.45 HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Bearish 5 RSI: Negative Consolidation: None Price-Trend: .42x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
Daily for 9 September 2019 In Bull territory. Price Projection: 63.30 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: Broken to the high Price-Trend: x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
Week update for week ending 6 September 2019 In Bear territory. Projected range for upcoming week 59.48 - 53.71 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Positive Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .02x ATR Daily for 6 September 2019 In Bull territory. Price...