Lean Hog has a gap below that has me intrigued but I am not sure how or if it will fill. I will also note this interesting but obvious correlation that I found with oil. We have some interesting inverse correlations on 2/18, 3/17, 3/25 among other days but otherwise similar chart patterns between the two. I am not sure how or why lean hogs front ran the oil pump...
For the last three weeks, WTI Crude Oil is very bearish. Recently the price broke and closed below a strong rising trend line and now is approaching strong horizontal support. Here are key levels for you to watch for oil trading: Support 1: 93.2 - 95.0 area. Support 2: 86.6 - 89.7 area. Support 3: 72.5 - 75.3 area. Resistance: vertical trend line. Resistance...
Of late, we are seeing a fall in Crude prices... a lot of it is about releasing supply into the market really. The daily 55EMA has been broken, tested and failed once. But worthy to note that the support is holding! So, breaking down decisively below 92 would be followed by more downside; else breaking above 98/99 would be tested by resistance zones above 100 for...
Oil is testing lower levels but can't seem to break down further. It is testing 95.24 at the moment, but momentum appears to be bottoming out and we could be in for a relief rally. If so, watch 100 or 101. Beware of the vacuum zone down to 92.03.
Oil is hugging lows after bottoming out at 95.24. The Kovach OBV dropped substantially with the selloff, but appears to have bottomed out. At this point, we can expect another run from the $100's, where $100 and $101 will provide resistance. If we end up breaking down, then watch the vacuum zone below to 92.03.
Ideal Retracement The retracement started with Wave A, then Wave B and C The Wave B will be 61.8% of Wave A The Wave C shall casually about Wave A, more importantly it shall squeeze below point A (which is also around lower zone of Wave 4) The entry point shall be on the candle to bullish signal. Target to challenge previous swing high of Wave 5. May...
I advise you, dear trader, not to do anything until the resistance line is broken or the rebound to the bottom After reviewing the market in several different time layers, the resistance line was determined at $98 I advise you, if you break through the resistance line, buy because the price will rise to 104 dollars
Strong backer penetration with great fluidity In addition to the ce . indicator
⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
Multiple time frame analysis on Oil. Price action & structure. Trading plan for this week explained. ❤️Please, support this idea with like and comment!❤️
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Oil broke down lower off news that Biden will start to use US oil reserves to the tune of 1M barrels per day and also considered adding more ethanol to gasoline to fight soaring costs. This was enough to bring oil down from the $100 handle, albeit briefly. We found support just above our level at 96.88, about 100 ticks north at 97.78 before we saw a nice...
WTI made remarkable pulling back to gain some powerful energy to create enormous volume again. This will create another energy crisis this year.
Oil is hugging lows after Biden has announced that he will start to use US oil reserves and also considered adding more ethanol to gasoline to fight soaring costs. Crude promptly dropped from where it was meandering in the 106-113 range. We are still finding strong support at 101 and 100, which are strong technical and psychological levels. The Kovach OBV...
T-BONDS GO LONG NEXT DAYS . the market break out the trend line with volume
12hr Stoch and RSI suggest a sharp rebound on Oil to 100/108 levels at least. This would be rough on markets and may kick the next big leg down if it gaps up.
In this update we review the recent price action in Crude Oil (futures contract) and identify the next high probability trade location and price objectives to target.
Flying squirrels are not, in fact, able to fly but rather glide from tree to tree, using their extended skin that stretches from their arms to their legs. Just like one of those flying squirrels, WTI has jumped off the retracement at $115.78, where it has finished wave b in orange, and is currently gliding downwards in the direction of the support at $80.98. After...