We have been consistent with our calls on this commodity. We warned you of lower price action to come and it has come! new downside levels have been calculated that Nat gas breaks the $2 level. We should see an intraday bounce tomorrow for a nice day trade move.
The USD/JPY exchange rate finds support near 148.00 as bets in favor of a Federal Reserve (Fed) decision to cut interest rates are gradually diminishing. Weak inflation data could lead the Bank of Japan (BoJ) to postpone its plans to exit from accommodative monetary policy. According to the CME Fedwatch tool, traders see a 53% probability of a 25 basis points...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 73.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 72.34 Safe Stop Loss - 74.01 About Used Indicators: A super-trend indicator is plotted on either above or...
Gold ounce analysis In the analysis of the supply and demand system in the gold chart, the result of the analysis is the continuation of the downward trend in the short term, and our analysts expect that the ounce of gold can start the downward trend from the supply area at the price of 2047$ and in the short term to the demand areas in the price reach 1987$ and...
Hello,Friends! We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 70.56 level. ✅LIKE AND COMMENT MY IDEAS✅
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Energy companies are looking interesting to me. This one has a rather nice setup showing for longer term trading, but some of the bigger movements may occur quickly, especially around earnings (14th FEB) Chart is a little weird because I'm still looking at multiple options for this. But overall, teal or orange are both possible based on current trends. I like...
For West Texas oil, I imagine two downward movements, which for me is the more likely yellow scenario
Price retest of 73.865 area, New York Session open await pullbacks to POi. 1hr time frame price rejection, 1 min entry after Price ChoC, and Break of structural low. TakeProfit : 72.515 (1.272 Fib Extension)
Potentially back to uptrend if UKOIL Rebound to USD 80 Target 1 @ forward PE 5x And Second Target @ Forward PE7.5x
Here are the important key levels & structures to watch next week on WTI OIL. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Looks like energy stocks that are coming back. Just in time when technology stocks are about to correct. I just opened positions on SLB and XOM, but there are others like CVX, EOG or XLE index that works the same way. These stocks are correlated with oil price that also appears to start turning around.
In today's trading session, our attention is directed towards USOIL, specifically looking for a buying opportunity around the 73 zone. USOIL, currently in an uptrend, is undergoing a correction phase and nearing the trend at the 73 support and resistance area. Adding a fundamental layer to our analysis, the ongoing geopolitical tensions in the Middle East,...
US CRUDE OIL New forecast Oil price is trading positively, breaching the 72.90 level after failing to hold below the 70.82 level, and now it is trying to consolidate above the 73.88 level, providing signs of activating the positive scenario for the rest of the day, on its way to visiting the 75.06 levels, then 76.77, and 78.00 as the next main...
Brent crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $83 and $85 as wave C. The main and important support number and range is 76 and 77 dollars.
West Texas crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $78 and $80 as wave C. The main and important support number and range is $70.70.
UEC is a uranium company somewhat independent of the oil, solar and lithium stocks that dominate the energy sector. Nuclear is touted as green and not contributory to climate change with no carbon impact. It pollution or radioactivity is self-contained and isolated with heavy regulatory safeguards All that said, a few days ago analysts at Eight Capital...