Considering Trump is on an edge of becoming third impeachment president of USA, American dollar has good chances to fall and so all the derivatives grow against it. Oil not yet bullish - I consider it still in a consolidation stage, but with very good chances to enter new bull run. Marked targets are for nearest 3 months period.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to test the previous high and watch strong price action for sell.
Price cannot seem to close below support levels. In an attempt to push below toward the downside, price creates a bullish pin off daily support levels. Great buying opportunity for bulls.
We can si a very volatile and consolidating period (circled in green), indicating indecision in the market. That means that the next move will be an important one for the overall decision of the market in the future.. (where it wants to go) Watching it closely for opportunities :)
Buy and wait for profit.
Sell in the beaking candle (breaking the trendline) and if the price was still bellow 70.64 put your stop on 70.7. Your target will be 59.22
Oil must break the 68.77 one more time (we may see a big or a small wave) and after that, it will DUMP bellow 59.21
I expect 57.674 and 68.181 to break. They most break. Even just a cent.
Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
All description on chart. Don't forget to like and follow. Thank you.
OIL did almost exactly what I predicted including the sharp correction down in end of May (it also validated S&P500 May correction until New moon in Gemini that happened on June 3rd - indicated by the end of Ramadan); I showed that toward June 8th OIL price to go higher after low of $60; Yet it reached $64 already June 7th and seems a bit earlier to what needed...
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic is also approaching support where we might see a corresponding bounce in price....
BCOUSD approaching support, potential bounce! BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic is also approaching support where we...
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk....
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk....
BCOUSD is approaching our first resistance at 72.09 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.70 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal swing low support). Stochastic is also approaching resistance and seeing a...
BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement , horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.