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.
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...
BCOUSD is approaching our first resistance at 68.737 where we might see a corresponding drop in price to our first support at 66.345. Stochastic is also approaching resistance where we might see a corresponding drop in price.
BCOUSD is approaching our first resistance at 68.737 where we might see a corresponding drop in price to our first support at 66.345. Stochastic is also approaching resistance where we might see a corresponding drop in price.
Key level to look out for, please refer to our 4 hour chart for a strategic view!
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We have good pattern to sell BCO. 1 - we have good sell impulse movement 25 february 2 - we have good correction with 6 higher highs. 3 - we have good flat from 27.02 to 1.03 One problem - today is friday so you can catch gap at monday. But position to sell is my prefered. So lets try to catch profit right now. Sell at 65.80. SL - 66.88 TP1 - 63.65 and...
A very long uptrend from a continuation is may/june 2017 has been broken. We saw a massive slide where we are now recovering. Is this recovery a continuation of the broken may/june uptrend or is this a minor retracement from the new downtrend formed. Likely buy and sell levels indicated. If anyone care to shed some light on the fundamentals behind oils recent...
BCO is approaching our first support at at 58.978 (horizontal swing low support,100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 60.805 (50% Fiboancci retracement, 61.8% Fibonacci extension). RSI (21) is also approaching our support where we might see a corresponding bounce in price above...
Hi there. Price is forming a continuation pattern to the upside, but first price needs to complete the C wave. Now, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
I recommend to be with the buyers, going up to test the supply zone indicated in drawing (red).
Hi there. Price is forming a continuation pattern to the upside, b wave is completed, so one more move down is expected, c wave. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
wait to see what is the next candle then You can buy BCO if it doesn't break the support line
BCOUSD has made a bullish exit from its descending resistance turned support line where it could potentially rise to its major resistance at 76.44 (50% Fibonacci retracement, horizontal overlap resistance) after bouncing off its support at 75.20 (horizontal overlap support). RSI (89) has made a bullish exit from its descending channel and the ichimoku cloud shows...
BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur....
BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38 (61.8% Fibonacci retracement, horizontal pullback support). RSI (55) has made a bearish exit from its ascending support turned resistance line which contributes to our bearish...
Brent came across to major weekly resistance line. Possible bounce down.
There are a lot of intraday signals for good setup. But consider the situation at the moment. One of them is now presented on the chart and is ready for implementation