AS YOU CAN SEE, I DON'T USE ANY ON CHART INDICATORS SO I'LL KEEP THIS SHORT AND SWEET. FK ALL THE USELESS TECHNICALITIES ABOUT EMAs, ETC. USOIL LOOKS TO SLIDE DOWN TOWARD $36.10 AS CONTINUED EFFORTS TO RAISE PRICE HAS FAILED. FALLING UNDER GROWING PRESSURE AND MOMENTUM, WE COULD VERY WELL SEE PRICE CONTINUE TO SLOWLY DESCEND OVER THE COMING WEEKS. RECENTLY...
after many weeks of being depressed ukoil migh be ready to for a big jump . I can see a good price action sygnaling a further move up . price breaking the channel might mean a short term direction . my sl around 44.1 with a profit first 46.2 second around 49
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Natural Gas remains the top performer regardless of subdued demand on the global markets. Oil rallied on increased geo-political risks in the Middle East, when a port in the city of Beirut was flattened out by an explosion....
Midterm forecast: . While the price is below the resistance 45.00, beginning of downtrend is expected. . We make sure when the support at 36.95 breaks. . If the resistance at 45.00 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 45.00, beginning of downtrend is expected. . We make sure when the support at 36.95 breaks. . If the resistance at 45.00 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...
As posted by a fellow EW technician Aibek a little while ago on Brent, WTI looks to be forming an ending diagonal. The lower trendline has been hit and there is bullish divergence on 4H timeframe (the same divergence that kick started the move from $39 to mid $42) so the 5th and final wave could have already started. The 0.618 extension of wave 2/3 is at $43,07...
FUNDAMENTALS: Ever since the reverse stock split back in April of this year, this chart has become problematic in future price discovery. I have no skin in this, but I want to take on the oil markets as a challenge to myself to focus in on the global markets, and how political shenanigans play a factor in the price of oil. Just keep in mind what drove the prices...
Here I have laid out historical trend lines that prove previous support, and resistance prices. Using technical analysis to predict the future price of Brent Crude Oil is only one variable to the equation. I believe that the most important factor for future price discovery will be the global fundamentals. The United states of America is coming up on a presidential...
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Ascending triangle pattern (tightening volatility) suggests a breakout sooner rather than later