Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#CADJPY UPDATE Hye team hope you all are enjoying our ideas and analysis. Now we are here to discuss about CADJPY. CADJPY has breaked he main rising wedge pattern.Here it has Maximum chances we can drop upto 100Pips+ soon. Keep in touch we will update further soon ✍
UNG on the daily chart has put in another monthly low similar to that of December after falling from a double top in early January. Gas production may be low. Storages may be depleting as demand is steady even in mild winters. The indicators show mild bullish divergence on the zero-lag MACD and volatility compression on the Fibonacci levels with low...
UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for...
We are covering the indices and crude oil in this video. Providing analysis for the week of June 3-7th.
The recent OPEC+ meeting on June 2nd, 2024, resulted in a significant decision to extend production cuts. This move by the oil cartel, which includes major oil producers like Saudi Arabia and Russia, aims to navigate a complex economic climate and influence global oil prices. Here's a breakdown of the key takeaways from the meeting: • Extended Cuts of 3.66...
Crude oil technical analysis Daily resistance 77.5, support below 74.4 Four-hour resistance 77.5, support below 76 Crude oil operation suggestions: The overall price of crude oil continues to fluctuate downward above the 78 mark, continuing the recent trend of suppressing short positions. Today, the upper resistance focuses on the starting point of the hourly...
I am HTF bearish on Crude OiL I have PD arrays marked out that should be respected if market was to retrace and take some BSL. The targets for today are Lows marked out. Pretty simple. Stay bellow 1hr fvg and 1hr -OB = BEARISH Close above the 1hr FVG start looking for short term BSL
I want to be honest.. The rally long was a surprise for me, I expected a long phase but without this momentum. It was really strange because we have a big storage increase more than last year and I expected a long phase but more flat. so I think now we can have a rebound of price until support area more or less 2$ before the last long (if we will have). The...
Some time ago, a good friend tol me about buying DQ. That's when I started tracking for this friend's benefit, and offering my own perspective. Real as it was, previous calls were pretty on the spot and DQ dropped significantly since I started looking at it on occasion. I am looking at it again now... and I see nice things for a bullish run to commence soon. 1....
WTI oil (USOIL) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 76.59 which is a swing-low support. Stop loss is at 75.93 which is a level that lies underneath a swing-low support and the 100.0% Fibonacci projection level. Take profit is at 78.47 which is a pullback resistance that aligns with...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
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✅CRUDE OIL is going down now But a strong support level is ahead at 75.55$ Thus I am expecting a rebound And a move up towards the target at 78.17$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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My dear followers, This is my opinion on the USOIL next move: The asset is approaching an important pivot point 77.12 Bias - Bullish Safe Stop Loss - 76.27 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 78.52 About Used Indicators: For more...
**Monthly Chart** Last month candle closed bearish after testing the low of key reversal candle of the previous month and started moving lower. The next target on monthly is around 71 level and then 63 level respectively. **Weekly Chart** Last week's candle closed as a bearish key reversal suggesting a continuation of the downtrend move. **Daily Chart**...
Hello,Traders! CRUDE OIL is going down To rertest the horizontal Support below at 75.97$ And after the retest we Will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!