In the current situation, oil growth is limited. From current prices, the commodity can rush to the level of $ 83.46, where the nearest support is located.
And so, metals have shown significant growth last week. Despite the hawkish statements of the head of the Federal Reserve, which is beneficial to the US dollar, the position of BUY-priority on GOLD is still maintained. The instrument can test the level 1785.288, where it would be supported to go up. Remember, there is no place for luck in trading - only...
And so, although oil is on the rise, however, weakening of buyers are visible. We are not talking about a trend change, but a correction is very likely to happen. The target of such a correction could be 83.40 and even 81.70. This price area would support the instrument. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
➡️ Metals rallied significantly in the previous week, even considering the drop on the Fed's head comments on Friday. The US dollar remained stably neutral, which allowed investors to start buying the precious metal at local lows. There was also a local need for safe assets in the capital markets. Some dubious news for the growth of metals comes from Bloomberg,...
➡️ Metals rallied sharply amid risk appetite, a weakening dollar and declining yields in the US. GOLD has reached the level of $1813 . The metal is trading near the top with continued bullish momentum. The rally is strengthened by the correction of the US dollar and the moderate recovery in US bonds. US equities are trading mixed, but not near lows, which also...
➡️ WTI Oil quotes are trading at $84.15 per barrel. The bullish trend continues, but the growth is limited at the moment. Positive news background does not stimulate quotes for "black gold" so much. On Thursday, Kuwait began ramping up crude oil production in line with the OPEC+ agreement. Commenting on the situation, Kuwait's oil minister said the country's...
And so, for this currency pair, you can observe the result of resistance level at D1timeframe (0.74794). This pullback may develop into a major downtrend movement, but now it is too early to say this. At the moment, in connection with the breakout of the uptrend channel, the price would rush down to the level of 0.73807 within the limits of the small supposed...
Uk oil, technically chart says will get bullish market especially after making a retest yesterday.. ——- Tendency: upward Entry: above 84.05 Tp.: 85.80 & 88.00 Sl.: 82.2 ——- My previous idea about UK BRENT OIL. : (At below box)
And so, the currency pair is now consolidating in the price area 1.16215 - 1.16675. A certain pause is expected at the lower border of this balance (1.16215 - 1.16675), further growth is expected to continue to 1.16675, where the price will try to close above this level. This situation would push the instrument further towards 1.17000 next week. Remember, there...
When everyone gets bullish it could be a good time to get bearish.. check out the negative divergence on the weekly as well.
Crude prices slightly declined on Wednesday morning as API reported crude reserves in the United States were up by 3.29 million barrels, which is above expectations of 2.23 million. The Energy Information Administration (EIA) will present official figures concerning reserves on Wednesday evening. The forecast is up from 1.857 million barrels to 428.9 million...
Traders, USOIL has been breaking all short opportunities and is very over extended. Watch USDCAD for clues. If and when USDCAD will start to rise there are chances that will start to fall. There is a pattern there and it can fall any time. This fall will be sudden possibly based on some sort of news event with careful planning of their geopolitical agendas....
Structure analysis on WTI Crude Oil. Confluence zone & historical perspective discussed. Trading recommendations are given. ❤️Please, support this idea with like and comment!❤️
➡️ The Pound rose on Friday, breaking through 1.3750 and hitting 1.3775 for the first time since mid-September. Sterling is recovering for the second week in a row. This is fueled by an increase in risk appetite, which damages the safe dollar. Major stocks closed the week in positive territory, boosted by better-than-expected quarterly earnings in the...
Last Analysis : Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to...
Last Analysis : Well, as we see in the monthly time frame of the US Crude Oil Chart, the price in February finally broke its 13-year downward trend ... After that, it continued to grow well and reached its static resistance level in July 2021, and It failed to defeat it and then rebounded to its broken support level in August. Last month, the price reached to the...
➡️ GOLD prices managed to rise this week, and by the end of the five-day period the troy ounce was about $1782 , although it was testing $1801 during the week. GOLD gained 1.6% in five trading days. Friday's decline was driven by a recovery in US bond yields, although the weak dollar helped the precious metal show its best weekly performance since late...
➡️ BTCUSD is trading at 61000 . Technical analysis indicates a bullish trend for the instrument. As part of the Bitcoin exchange rate forecast, a rollback is expected and a test of the level of 57832 . No one excludes a price approach to 55832 and even to 52966 (the latter is unlikely). In any case, it is better looking to BUY from these levels, and not...