Brent Oil witnessed rejection of the downward trend with the last 2 week candlestick. This rejection potentially could cause brent to rally above 47 and subsequently, above 56 if a re-test of 47 level (after breakout) is held successfully. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
this thing is going long ... I would jump in if my account was large 10.00 lot size .. 100,000 in 2 days
Look at Oil chart. 20 days ago I've noticed bulls weakness and now we witness full retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back. France is went up to 4th place in the world in active cases. India took the second. While fairytales...
Hi, Theory based on already complete 5 wave down (in wave A of ABC), potentially in wave B now with wave C to follow to new lows.
BRENT OIL 1 Week Chart, with Ichimoku Cloud. So we all know from May this year that about $20.00 is the limit where OPEC & Russia will start holding hands and interfere with the oil price. And you think about the below reasons, and look at the Weekly chart.... Reasons: 1. COVID - Economies around the world are NOT recovering to previous levels, LESS...
Let's see what we have: 50 EMA crossed below the 200 EMA 2h Chart: Sep 04, first time since May 05 3h Chart: Sep 07, first time since May 07 4h Chart: Sep 07, first time since May 18 1D Chart? 50 EMA was always below 200 EMA since January In the 4h Chart 50 EMA crossed 200 EMA in the last hour of trading. First time in 4 Months. If there are no unexpected news,...
Take this as a preparation in case of a scenario like this. IF this happens, we will be ready to trade in the following way. Main items we can see on the chart: a) The price is against a significant resistance zone (check the weekly chart) b) On the mentioned resistance zone, we had a compression that now is broken c) Based on the past behavior of the...
I dont think we can break EMA20 support yet. Good luck all.
Midterm forecast: . While the price is below the resistance 46.50, beginning of downtrend is expected. . We make sure when the support at 40.00 breaks. . If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08...
Midterm forecast: . While the price is below the resistance 46.50, beginning of downtrend is expected. . We make sure when the support at 40.00 breaks. . If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08...
Last time the 2h 50 EMA was under 200 EMA was on 05 May 2020. Now we are heading to another cross-over. !!BUT in the 4h and 1D charts 50 EMA is comfortably over 200 EMA!! But this is interesting. if it crosses over for the first time in 4 months, we might have a good old waterfall... As always, do the research, I might be very, very wrong...
Redzones are important. Mars is ahead.
After weeks of consolidation, we might wait for are break out above 46.30$ in order to do a quick long trade
Midterm forecast: While the price is below the resistance 46.30, beginning of downtrend is expected. We make sure when the support at 36.95 breaks. If the resistance at 46.30 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the...
Midterm forecast: While the price is below the resistance 46.30, beginning of downtrend is expected. We make sure when the support at 36.95 breaks. If the resistance at 46.30 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the...
RUDE OIL - UPSIDE SWING IN COMING DAYS,....KEEP EYE ON IT