DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, PROGREEN US, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
After a massive selloff, breaking the 2016-2018 uptrend line, CL will likely find support at the bottom of this range, and the Yearly Pivot.
Its very unlikely we continue down from this current level - and a much higher % probability is that we get a DCB/Relief Rally
Bargain hunters will step in short term, short sellers will take profit, and we will see a push ...
For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are ...
CL1! : Bearish divergence beetween Indicators, Stoch RSI is overbought.
First target 65$ , if price breaks the blue line
than can reach 50-45$, if we are bounce - than this is like Elliott Waves 12345 to the 90$.
Gap up $CL_F
Broke post 2008 TL. -38% in two weeks $CL_F, $NG_F
At multiyear support zone $CL_F, $NG_F
Massive head and shoulders that will break if Oil continues to break down, which is looking likely.
See chart for information - providing some quick technical lines and some other items around why Oil is rather bearish from here on.
The previous Oil analysis gave us a trade from the 75ish down towards the 65/66 and for the daredevils even to the current prices at 63. Now i expect the downward move is probably coming to an end now. Based on this fractal but also common sense, made a huge drop already so we should see some short covering soon (shorts taking profit). This drop has been a bit ...
A slightly longer version of what I'm looking for if this trade war is over.
It's an exact copy of the past leg up scrunched down to look like H+S which tend to appear when major trend-lines break and then start rallying back to the previous diagonal trend.
Got the title? :D
This is what Oil bull saw:
This is what they should have seen:
By the way, the dow is in a similar situation to Oil a few months ago, it MIGHT reverse (with these 650 billion borrowed $), not shorting it yet, but I sure am not going long I am telling you ...
Chopped up by CL today, v clear now on the daily though.
Check out the hourly from the 14th of Feb this year. Look how precisely the bottom of today drop bounced from the start of the leg. I think it should rally from here, but needs to stay under the 15 min level to keep shorting from this area..... i think! (famous last words)
Oil hit the 1.414 fib on the chart which is 59.30.
It made a low of 59.29 - talk about accuracy.
I'd observe the price action carefully before entering a long position in the coming week but there is a high chance it'll retrace back to the 64.5 mark.
This was inevitable. Question here is how far does this go? Another oil bust would be extremely problematic for global liquidity as it would rocket the dollar higher, or vice versa.
Let's see if this crude bounce can pan out.
Thanks for viewing. Just a super quick update.
Some retracement upwards starting this week, maybe not as much a 0.5, maybe more before starting wave C down.
Wave (1) extreme (if it is wave (1)) is $55.18, so any drop below this price will invalidate the count - unless it is just by a wick.
Wave (5) target still $89+
Triangle pattern. The price can go fast until 61.80%(45,47) of Fibonacci.