Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices.
Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its...
After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide...
Thursday brings us a short update on brent oil. This instrument has been heavily bombarded recently by the macro data, not only for oil, but also the macro data for the USD.
Let’s start with the one for oil. Yesterday’s inventories. Data came in hot (bullish for oil) as the number were significantly below expectation, showing a decrease of 4.5 mln barrels from...
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WTI bears waiting to pounce but bulls are strong
West Texas Intermediate, WTI, has rallied towards a key resistance area as the following charts will illustrate. However, while a subsequent sell-off might be expected while on the front side of the bearish trendline resistance, there has been a firm layer of support put...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for an immediate sell entry at 82.681, to ride the bearish momentum. Stop loss will be at 83.944, where the 38.2% Fibonacci line and overlap resistance is. Take profit will be at 79.072, where the previous...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for an immediate sell entry at 8259.0, to ride the bearish momentum. Stop loss will be at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Take profit will be at 7906.3, where the previous...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 8673.5, where the recent swing high is. Take profit will be at 7902.9, where the previous...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 8673.5, where the recent swing high is. Take profit will be at 7902.9, where the previous...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 8673.5, where the recent swing high is. Take profit will be at 7902.9, where the previous...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 8673.5, where the recent swing high is. Take profit will be at 7902.9, where the previous...
Looking at the H4 chart, my overall bias for BOC is bullish. Expecting the price to retest at the overlap support level. Looking for a pullback entry at 8353.2 where the 50% Fibonacci line is. Take profit at 8672.6 where the recent swing high is, and stop loss at 8208.8 where the 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other...
Looking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy stop entry at 86.888, where the recent high is to ride the bullish momentum. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line is. Stop loss will be at 83.853,...
Looking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy entry at 86.682, where the 50% Fibonacci line is. Stop loss will be at 85.401, where the recent low is. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line...
Looking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a buy entry at 86.647, where the 50% Fibonacci line is. Stop loss will be at 85.401, where the recent low is. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line is.
Any...
On the H4 chart, the price is on a strong bearish trend. To add confluence to this, the price is below
The Ichimoku cloud indicates a bear market. Looking for a possible pullback sell entry at 88.913 where the 50% Fibonacci retracement line is. Stop loss will be at 93.970 where the previous swing high is. Take profit will be at 83.024 where the 161.8% Fibonacci...
On the H4 chart, prices are moving in a descending manner hence we are bearish biased. Price is also below the Ichimoku cloud which adds confluence to the bearish market. We are looking for a retracement sell entry at 88.639 where the 50% Fibonacci line and 100% Projection line are. Stop loss will be at 93.423 where the previous swing high is. Take profit is...
On the H4, with price below ichimoku cloud and MA Cross, we have a bearish bias that the price may pullback to the sell entry at 96.404, where the overlap resistance is, and then drop to the take profit at 93.319, which is in line with the swing lows support. Alternatively, if the price breaks the buy entry, the stop loss could be at 97.853, where the 38.2%...
