Natural Gas Gold Silver forecast Bulls bounce off strong support
usoil based on waves structure its ready to sell herewait for the confirmation to go
Quick update for a good friend… DQ as said previously had a downside target of 32. It’s slowly getting there, and surely too. But at this point, which the technicals are showing some beginning of a bullish divergence, I’d dare say that there is one more spike down below the orange line before it ends. Still possible for 32… And then if and when that happens,...
Crude oil is trading it highs to low short fib at the 38.2% line. Oil has a history of trading this short fib line in this downtrend. The last time it traded this level, crude dropped from 81.72 level to 77.57, hitting the objective to nearly the penny. Now, we are trading the highs to low 38.2 level. And, once again, we are having issues getting past it. So,...
For me, everything above 80 dollars is bullish. Bounced back from the last range and fib 0.381. We are also at the VAH of the previous range, the 50 and 200 daily EMA that it currently holds. In front of this zone comes the 50 100 200 daily MA. I would most like to see scam wick to VAL which is also 0.618 fib 73.28$ Two big trades with real risk reward that...
Day Trade Market Condition aug 25, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
US Oil Outlook The price of Oil shows some bullish tendency after it failed to stabilize under an important support zone It continues to move inside the descending channel shown in the chart above, which supports chances of the continuation of the bearish corrective trend, noting that our targets start with a breach of 78.10 to confirm heading towards 77.23,...
Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 78.85 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
USDCAD → is it going to down?! hello guys... as you can see USDcad made double ascending channels inside of each other! and this pair touched the target of the breakout of triangle patterns, so it is the best time for correction, We have not any confirmation so what should we do?! on the other hand, you know the correlation between usdcad and oil is -95%!...
The US Energy Information Administration said on Thursday that natural gas inventories in US storage rose by 18 billion cubic feet in the week ended Aug. 18. That was below the 29 billion cubic feet increase forecast by analysts polled by S&P Global Commodity Insights. It is possible that market participants thought that insufficient filling of storage facilities...
Crude oil came down this week with risk-off flows as USD keeps moving higher ahead of details from Jackson Hole economic event. However, the drop is in three waves for the crude with the current price now approaching the upper side of the corrective channel, where successful breakout with a daily close above $80.50 or higher, can lead to a bullish trend once...
USOIL is in a bearish continuation pattern and will retest the resistance level to make a new LH and continue its movement towards the support level.
USOUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 801.693 Why we like it: There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 38.2% retracement and t he 100.0% projection levels Stop Loss: 81.973 Why we like it: There is an overlap...
Introduction: Recently, the global oil market has been experiencing significant fluctuations due to a combination of factors. The economic slowdown in China and the increased oil production in Iran and Venezuela have led to a drop in oil prices. As traders, it is crucial to approach this situation cautiously and explore opportunities to take advantage of this...
The crude oil trading strategy shared with you today, USOIL: @79.2-79.4 Sell, TP: 78.5. We made a good profit again, and the lowest crude oil fell to around 77.6 today. Similarly, our crude oil trading strategy has successfully reached my expected profit target. Congratulations here to all friends who keep up with trading strategies. Looking at the current...
Day Trade Market Condition aug 24, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
hi again im waiting a breakout on daily support before continue short to wave C Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support