CVD, OI, & PRICE - lets you have a look into ▶️ shorts vs longs RULE OF THUMB: - longs opening = bullish - shorts closing = bullish - longs closing = bearish - shorts opening = bearish
Triangles leading to a breakout The difference this time though is the break out will be out of the dominant down channel This will be the end of the bear trend for OI
OI is seeing a pump and staying low r, going long near term up tick in longs, we should see a small bounce and then a further retracement. going long in the near term
EURUSD rebounded from demand zone around 1.1850 price above key level around 1.1920 MACD shows bullish momentum RSI in uptrend line above 50 so its expect bullish movement to resistance level around 1.2100
$OI has caught our attention as it trades at trendline support above $5, down from 52-week highs of $20. Like all other stocks, $OI has gotten hit due to corona, but we think $OI has a good risk/reward setup. The stock trades at just 2x this year's earnings and 0.13x sales. Last week, $OI put out and update and here's what management had to say. “O-I’s operating...
WTI crude oil has been testing the key psychologically-important $50 handle and long-term support for a few days now after a sharp drop on macro concerns (coronavirus hurting demand). Clearly prices are oversold in the short-term, but a more profound recovery will not come as surprise. Bulls need to see a daily close above short-term resistance at $51. This would...
4 years is a decent head start to position and bet on AMERICA as the defcto OPEC .. ARMCO shares tanked $500bn from $1Tr iPO | $35 <---37 Saudi should likely use the proceeds to acquire Arms from defense contractors which Spiked 12% lockheed grumman etc..
Taking a Short Position on WTI Oil due to the recent rally not being able to breach the 4H Resistance zone, The forecasted data on US Crude Oil Inventory Supplies is set to be positive, this is why Oil has risen in my opinion, however there is a risk of the news missing and more and more talk of an demand slowdown globally, therefore I believe we could see a...
Price action just cant quite get back into that really beautiful channel the CAC40 was running in the past three months. I expect once price action hits resistance that we'll see a bit of a pullback.
Following the previous analysis which suggested that the upside move that started after the 42.156 bottom, would evolve into an Inverse Head and Shoulders on 1D, was eventually materialized as the price virtually hit the 54.485 1D Resistance and expected target. This pattern (Inverse Head and Shoulders) will be completed once its neckline following the right...
TP = 60.20 hit as the 1D Channel Down (Highs/Lows = -1.9164, MACD = -2.510, B/BP = -4.6080) extended to a 59.20 Lower Low. The chart (1D) is now oversold (RSI = 25.241) and since the price hit the 58.20 - 60.20 Monthly support zone, we expect a gradual rebound (timed after this week's Inventories). The key point to break is 61.90 and our long's TP = 64.00. **...
Bitcoin is still in the horizontal corridor, you can see the tapering triangle. According to the classic of technical analysis, the way out of the triangle is in the last quarter. On April 9, an attempt was made to break down, but the bulls held the level. Another sign of an early exit from the flat is a decrease in the volumes traded - an ever smaller range, the...
Based upon data and the continued negative sentiment regarding oil supplies. I believe USO will continue degradation. The first short target is 11.02 and the second is 10.46. March Puts at 12.00 are in play. I expect a bounce at .686 Fib and then continued downtrend until capitulation of oil rigs in the fall. I expect crude to succumb to pressure until 55bbl...
overbought +rsi bearish divergence short 1.5030 target 1.4950 gain 80 pips
Owen-Illinois is going to benefit from the strength of the Euro and the Mexican Peso with its international operations. Better price-cost margins enhancing system pricing to aid overall sales in the quarter. Even with the company's higher costs with overall operational expenses, I believe the pros outweigh. I believe the company will benefit from the...
Simple analysis of OI including options, including last year values for seasonal comparisons. First group of indicators are producers and consumers. Second group is managed money. Red is Short, Green is long and yellow is net.
no explanation needed in my honest opinion. Testing prz of bearish cypher all year. 55 to much Selling <.886 note butterfly at 58 if 47.84 does hold. something to watch
WTI has been capped at the 61.8 fib level confluent with support for the 4th time, we can expect lower prices. I am watching price action for short opportunities