Fundamentals Petrobras has seen an 80% rally through March, which is unsustainable. The reason for this is because the rally is based on the possible [ impeachment of president Dilma Rousseff, whose policies adversely affected the Brazilian oil market. While this is good news for the Brazilian oil company, the fundamentals of the company simply do not fit with...
Did a fib retracement and it hit one of the support lines. Not sure if i'm charting properly
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