Looking at the price it is very clear that the oil will slip down to the price level of 52.50.
The indicator used for this analysis is here for your reference
LBLS Indicator For all Exchange Trading in Tradingiveiw.com
Exchange : Binance
Buy Zone: 0.0000107~0.0000102
Target Point: 0.0000111/ 0.0000122/ 0.00000129/ 0.0000139/ 0.0000148
Term: Middle - Long
It`s making Symmetrical Triangle
The Chart and RSI are very similiar and The Volume is almost down
There are three Support Line under Buy Zone
The reason why I chose a...
Gold are moving bullish on H4 chart seem moving on the current Parallel Channel on H4 Timeframe.
Idea : Waiting for the price test the upper channel and watch out if there any rejection and Sell position are recommended.
Watch out Support and resistance marking on the chart with label 'Red Arrow"
Gold is just chilling in a consolidating range right now awaiting the next big breakout.
We've been enjoying a nice, but jittery downtrend since September.
But with a wedge showing it's nearly filled on both a smaller and larger scale, we can enjoy a nice move on either end.
Ler's wait and see.
For now, here are the TPs I marked up for this trade: