Market has been narrowing awaiting the OPEC meeting. Trading volume has declined going into tighter trading ranges (red triangle). This is a great example for a symmetric triangle. Breakout direction to be determined. Also, the greater picture shows a slowing uptrend leading into a very long term triangle. Patience is required. My bias would be leading to the...
SBERBANK RUS, SHORT. HALVING THE PRICE IN USD IS THE WAY. SL levels as they drawn. TP as described.
Crude oil to carry on rallying to eliminate previous highs and aim toward 51 - 60, Prices remain more than 20 percent higher than a six-week low hit earlier in August
The IEA Oil Market Report was largely in line with OPEC's assesment yesterday - Non OPEC output was seen falling in 2016 by 900,000 B/D - However, they differed on the 2017 perspective with 2017 expectations from the IEA forecasting a modest growth of 200,000 B/D in 2017. Opec Output however rose to an eight year high up 400,000 B/D in June at 3.21M B/D on the...
simple trade, to take advantage of extreme between the the Brent oil and WTI oil,
The forecast till June 1, 2016. The down movement will be very powerful. The up movement since January 20 - no other than deception. 32$ - is the minimum aim.
It continues to look like it has nowhere to go but down. We'll see.
I hope you are not short oil, because it just broke above a major line. Watch the lines.
There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
false breakdown of the blue trend going down (since June, 2014)
all you see on a graph
$WTI #crude in #AUD . Fractal target double bottom in late April
So finally as expected in the first chart I've made about this structure oil went down on it's last stop to raid before make a higher high. Seems like it found a double top, this wont last for ever USOIL will raid that stop for sure. There are few possible cases: 1st: Keep bouncing from current trend channel and raid this "double top" and maybe further 2nd:...
CRUDE'S SPREADING, BRENT OIL vs WTI Crude's wars still is in action as it seems like final capitulation all crudes vs WTI / USOIL Waiting for Brent / UKOIL at minus 4/5 floor
Oversold on Bollinger, but Indicator momentum in line with new lows. I am looking towards the extension of the previous lows this year to get to 34-35 for support, then 33 (old front month low of January 2009) Until then, more of the effects of the OPEC meeting, which yielded more supply coming on line in the near future. These levels are not worth shorting...