FX:USDZAR
I see a bullish pattern forming.
It is a Bullish Triple bottom pattern that has formed.
This could break above break above 17.9500 to reach the high of 18.57988
WTI crude surpassed the resistance level of $115.7 per barrel (highs of March 24) and reached an intraday high of $118 per barrel before retreating to $116 per barrel as of this writing. Earlier today EU leaders agreed to ban about 90% of Russian seaborne oil by the end of 2022, renewing worries of a tighter global energy market.
Germany and Poland decided to...
Analyze was requested by a Russian friend, who is a senior VR developer in a government company.
Here we are speaking about TATN.
We may need to wait up to 15 days to low prices. Nevertheless, also now an excellent time to buy some. Entry price from 371 rubs. To 533 rub. Any will be good till 30 of June.
Targets:
1st 600 rubs. 12% profit at least.
2nd 665 rubs....
Been saying oil markets due for a nice recovery, the R/R is really sweet. OPEC has agreed to cut production 9.8 MBD. This won't be a quick easy trade but once coronavirus is finally contained OPEC
is agreeing to continue its production cuts well into 2021.
Hey guys, another simple straight forward analysis. With the OPEC deal being pushed till possibly Thursday alongside skepticism on Trump’s intervention.
1. We can see US Dollar continuing to sell off as crude oil increases - at least for today as it respects the trend lines.
2. Set a T.P on the next touch towards the downside.
Thank you :)
Current crude oil price may retrace to as high as 58.8, then a possible new drop to as low as 53.5.
Then a big correction may followed to trade higher above $60/bbl.
LONG TERM EVENTUAL TARGET MAY BE TO AS LOW AS $20/bbl.
ONLY SUSTAIN TRADING ABOVE $80/bbl negate this scenario!
Yesterday president Trump tweeted his negotiation with King Salman of Saudi Arabia to increase oil production. Later we discovered that it was all a lie. So we take a look at the technicals and so far, momentum is quite bullish. It is so bullish it could reach $77 per barrel. But, we'll wait to see how the market reacts from that tweet.
Happy Trading, folks!
Cheers!
