Based on technical analysis, we could see the rebound continue and see the WTI back to 50 and above by the end of the year. There is a bullish divergence appearing, but we should wait a week or two before confirming it is a real rebound. However, note that some still see the WTI at 15.0... , other says "Crude prices to stay low for ‘some time' " (Total CEO) To...
Four months ago I posted a weekly chart in crude, with a clear message to all short term traders out there: STAY AWAY. I also said that crude will present itself with an excellent buying opportunity in the future. I believe that time is now. Many chartists have recognized the similarity from the 08-09 selloff to the selloff seen in 14-15. It is too obvious to...
XAUUSD get sharp short to channel bottom 1187. Take long position for a Fibo 50% rebound.
I'm now targeting the $265-$280 area. It turns out my descending triangle was actually a bullish descending wedge. I'm now long and watching $190 strong support. It may not be immediately, but somehow, sometime, we are going to reach that $270 area again. Price is bouncing at support as I type this, so I'm thinking this may be it despite the lack of a real...
3 ways to play this for $USDJPY: 1) Buy now with a tight stop loss around 118.50 2) Wait for the movement up to start before buying 3) Sell in the region 118.6-118.5 In case of 1 & 2 TP is the upper boundary of the channel above 120.50 in case of 3 first TP is around 117 region, however since it's $USDJPY we are shorting take care on being Long Yen, since there...
1. Each bottom represents an approximate $60 increase from the previous one ($55-$115-$175-$235) and on Friday we closed just above $235. 2. TSLA rebounded off of the orange trend line twice, seems like its going for a third time. 3. $235-$240 level has a history of being a support/resistance level dating back to March of this year. 4. The RSI shows TSLA is...
Markets are oversold. VLCCF is at a channel bottom. The fib line is 2 points away.
After getting crushed down to below IPO levels, FEYE seems to have found momentum and is coming close to reaching resistance levels of $40-42. I expect FEYE to reach $50 in the near future