Wait for the pullback down to the orange box for a long entry
The support shown has confluence with the 100EMA, .618 Fib pull
from the last swing high and the bottom of a respected channel .
Expecting a bounce in the area shown but please be aware of
the numbers due today and tommorow .
The American petroleum Institute on crude oil stock levels
as well as...
Gold is now in a good entry point after the descending wave shown in the blue line. However, gold now has fierce resistance, it must cross 3 resistances: green, yellow, orange and will go to the moon
Note: The output in the first red candle you see is greater than the green candle
Bonjour à tous
L'or est maintenant dans un...
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With most of the economies around the world returning to their pre-Covid19 capacity, it only makes sense that the demand for Oil will increase. The US government has also been rumored to be thinking about giving Americans a $4000 vacation tax credit to help boost the tourism industry.
The pitchforks indicator gives us signs on the trend of Crude Oil Future.
We have an increasing trend between S1 support and R1 resistance, so we expect that CL will continue evolving inside that hallway.
In case he breaks down the S1 support, we will see a bound on S2 so that the CL continues its growth inside that indicator.
However, if he break up or down the...
The Crude Oil future is in general in a decreasing trend, but inside the hallway between R1 and S1 it was increasing. Currently, we have signs of decreasing trend, since we have that red volume and red candle after succession of green candles.
The advice is to sell CL now for intraday trading. We expect its decreasing to reach the S1 Support.
The oil future is marking signs of an increasing trend.
We have important volume and special candles that assure this increasing trend. For Intraday trading, it will be profitable to buy now, and wait either for the red volume and red candle to sell, or wait a break of the resistance R1.
The advice for intraday trading is to buy and wait for red...