Greetings fellow traders, As time goes by, the markets evolve... If your way of TA is strong, then the path will lead its way... More visible, more probable: Dashed lines; Possible forming patterns / support or resistance Solid lines; Confirmed patterns / support or resistance Dotted lines; Possible price-action trajectories / wave trend Lighten colors =...
Oil looking like itll be forming a falling wedge at this point. I expect this to sweep lows before continuing uptrend
BCOUSD - Expecting to see a nice bounce back to 75 area
BCOUSD Brent looking to trade lower
BCOUSD went to a low of 53.55 with a steady upward monemt now at 57.70, my fractal method shows a sharp movement north to 66.00 although a pull back at this point should be action to look for, I see a slower continuation north to around the 74.00 region
Waiting for price to consolidate around this support area before looking for a move shorter. Or Looking for price to move away from this support, test resistance one more time and then look for a bigger move shorter. Lets see how it plays out
We expect Brent's move for this week is upwards. As Brent is a volatile product, we use lower leverage than our usual. Entry: 65.2 Stop-Loss: 64 Target: 67.6 Have a nice week! Follow for more.
Brent crude has broken above $70 per barrel Trend is up Upside target = 75 (old resistance & round number) Support = 68
Update on our previous analysis. I have reason to believe another black swan event involving US military is immanent. Keep an eye on it.. Not sure of new targets...keep your eyes open Good luck traders. PREVIOUS ANALYSIS:
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.
BCO/USD entered the cloud again. The price is currently crossing above HMA100 which is a bullish sign. RSI is in a good position. 2-week chart: One good example that shows the power of Hull Moving Average:
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.
I also think about the expectations for crude oil for brent oil . The average analyst forecast for Brent oil in 2019 is $ 70. My personal opinion is that brent oil should be between $ 60- $ 65 under the current conditions. This week's news feed could give us the jump we expected and this band's bottom may be upper than 60 dollars. Since our time frame is small,...
Every white lvl is very strong and important.