Preferred direction: SELL Comment: For oil, the previous trading idea also worked out perfectly and the instrument is now trading at the level of 86.62. Despite the general tense geopolitical background, the instrument is still considered for sell, and the purpose of the sale is gap closing. Presumably, this goal will be achieved within one trading week. ...
Oil prices have continued to decline, marking the third consecutive session of losses. This decline is attributed to a series of sluggish economic data releases from Germany, the eurozone, and Britain, which have raised concerns about energy demand. Brent crude futures dropped by 2%, down $1.76 to $88.07 per barrel, while U.S. West Texas Intermediate crude futures...
Preferred direction: BUY Comment: Gold, which has already made its way down exactly as we described, remains unchanged. At the moment, after a significant part of the buyers have been dumped, the metal will most likely rise again and again update local highs. Gradually gaining a long position will be the most successful solution here. Thank you for like and...
💬 Description: The market is again actively developing a trend towards strengthening metals, the US dollar, and let us also highlight the Swiss franc. All this has to do with safe assets. Accordingly, it is better to take a closer look at purchases using these instruments. We pay special attention to USDCAD , here sellers cannot realize their potential, and...
WTI Crude Oil is trading within a wide horizontal range on a 4h time frame. The price is currently testing a support of the range. To buy the market with a confirmation, watch a tiny double bottom formation. If the price breaks and closes above its neckline - 86.26, a bullish movement will be expected to 86.78 / 87.61 ❤️Please, support my work with like,...
Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may be a hawkish hold as the Governor Tiff Macklem will mention that another hike is still on the table for the bank). Perhaps piling on the...
Price action analysis for WTI Oil. Structure analysis. Important bullish confirmation explained. ❤️Please, support my work with like, thank you!❤️
Preferred direction: Neutral Comment: The growth goal we set yesterday was achieved. At the moment, gold continues to attract market participants to purchases. However, you should be more careful, now a major player can let them fix their purchases and the metal will face a correction. Thank you for like and share your views!
Preferred direction: SELL Comment: Yesterday, oil still showed growth and we were forced to exit with a stop loss. However, the priority of sales remains and today once again we are considering sales from current prices with a target of 90.72 and even with fixation below. Thank you for like and share your views!
Preferred direction: BUY Comment: As for gold, everything remains valid. Priority shopping continues. There is a possibility that the metal will go flat against the background of the expected strengthening of the US dollar, after which it will continue to update local highs. Thank you for like and share your views!
Preferred direction: SELL Comment: After the rally in oil, prices are most likely ready for a correction. The downward correction is expected to continue. Positions are considered from current prices with a view to approaching level 88. Presumably, after which there will be a pause and a likely continuation of the fall. Thank you for like and share your views!
Preferred direction: SELL Comment: The British pound continues to be below the level of 1.22370, which indicates a bearish mood. For the pound, sales look more attractive than for other currency pairs, except that the currencies of the Pacific region can boast of greater downside potential. In the second half of the week, most likely you need to actively look...
Price action analysis for WTI Crude Oil. Important key levels. Potential swing long trade explained. Trading recommendations & plan. ❤️Please, support this video with like and comment!❤️
💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a...
💬 Description: The dollar began to gain strength again amid yesterday's US inflation data. Currency pairs reacted the most, and metals only began to catch up a little later. Metals are most likely still supported by demand against the backdrop of geopolitical tensions, where, by the way, the dollar also has weight, since US bonds are bought for dollars. We...
💬 Description: And shorts of gold are still being considered. The approach to 1885 creates a promising short trade. However, today we expect inflation data, which may make some adjustments. In this case, one should not be afraid to re-enter, or one can consider entering using pending sell orders, placing them below and above the market price before the release...
💬 Description: Addition to an extreme trading idea for the Euro . In general, we continue to follow the plan that was outlined for us. The first part, aimed at long, worked out positively. Now, after reaching the area 1.06167 - 1.06350 , you can begin to consider short transactions. The best thing to do is to look at the dynamic set of positions, that is, to...