🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside...
Rising Flag formed on Sasol after the continuous downtrend. We see price remains below 200MA which makes a nice risk and reward trade for the short. Target remains at R184.52
Hey traders, in today's trading session we are monitoring USOIL for a selling opportunity around 104 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring USOIL for a selling opportunity around 112 zone, once we will receive any bearish confirmation the trade will be exeuted. Trade safe, Joe.
As the new year begins, the markets are a little quiet but in the oil , markets seem a little confusing, Based on OPEC-JMMC Meetings we made our view on the oil market. "That's one way of looking at it OPEC plus seems confident that despite omicron spreading rapidly around the world and with cases rising it's not going to have that much of an impact on oil demand...
Hey traders, in this week we are monitoring USOIL fora long term selling opportunity around 90 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Oil buyers start to take the rally profits, by reaching 86.75 - 82.75 area we are on-sell correction after the bullish rally. 3 Oct 2018 is what we will see next few days, I see we have reached a good area to sell the oil targeting 68 - 70 area, with some bearish tips as we saw in Monetary Policy Report Press Conference, market makers are pushing the oil...
Hey traders, in the coming week we are monitoring USOIL for a selling opportunity around 83.5 zone, after USOIL breakout of the uptrend at 4h frame we will consider selling at the retracement once we receive any bearish confirmation. Trade safe and use proper risk management. Joe.
Missing leg will take Oil to new highs before a correction on a bigger scale will occur, im looking to short the Oil when it hits new highs with tight stop losses and a previous wave 4 target.
Oil completed 5 clear waves near 74.30 per barrel, wave % can still be extended thats why we will be watching out for a final leg up and not put tight stop loss. the expected next move is a 3 waves pullbakc that might retrace back reaching 68$ per barrel as a first target. if broken we will be looking into a deeper correction.
Oil is currently trading at a key level. OANDA:WTICOUSD On the daily chart we can see Oil is forming a rising wedge pattern with bearish RSI divergence. Could possibly see Price come back to 39 level possibly lower............
When i see a spining top on a 4 hour or 2 hour and daily,it could go down. But not too fast, we'ree also having a big fundamental news at 15:45 and 16h. So depending on best positive news you take up or down. Beautiful set up. In my opinion the dollar news could be stronger, because the dxy broke the weekly level. Let's see what happens in a quater...
U.S. benchmark, West Texas Intermediate, has fallen to the $15 range as global economies remain on lockdown due to the COVID-19 pandemic, crushing crude demand. Also global oil storage is reaching its limits. The situation is so dire, in fact, that the Department of Energy is even considering paying domestic oil producers to keep crude in the ground. Even if...
Rumors are the President Donald Trump will impose 75% tariffs on ALL oil imports in order to protect American oil industry. Let's see how this will be developed. So far history has shows that market, with their own opinion, always wins.
Today, the indicator "Kenji" on the daily oil chart generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of oil is currently in the active downtrend phase (the area between the fast and slow averages is colored red). At the same...
#Structure Always wait for confirmation according to your trading plan.
All non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words...