USDNOK is again testing horizontal support around 8,15-8,10 area. For now, we have seen a possible bounce from support on the 4H timeframe. In that matter, we should have a great long-setup with entry around 8,18-8,16 with a stop loss if we close below 8,14 on a daily timeframe.
On the upside, we have target 1 at 8,25 and target 2 up against 8,30. This should...
As per the chart showing, Natural Gas broke the H&S neckline and the uptrend.
RSI also broke the uptrend.
So NGAS should be now heading for target 2.670.
Cheers!
The price has moven quite fast in USDNOK since the bottom mid-august and currently testing 50% retracement from highs due July this year. If we fail to break above 8,36, we should see a test of the recent breakout area around 8,25.
In that matter, I believe this pair offers a great trade setup (short).
Trade setup: Short from 8,33-8,35 with a stop if we close...
Ascending triangle, the shape of the head and shoulders bottom. However, we need to guide the actual data, including the Federal Reserve to raise interest rates of public opinion.
Multiple weakness seen here, with every rally being sold off.
The support at 46.5 should break any time right now, great opportunity to short here with 1% stop loss.
The key will be simply keep shorting, with stop loss at every peaks.
There are no buyers out there, and sellers are fearful of a possible Iran agreement to regulate supply. The result will be a slow grind down, until fears kicks in before it accelerates.
Indeed, I was expecting a surprise, but not from OPEC. It looks like the market does not buy that much the idea of "Fed rising rates".On the other side, this rally is based primary on expectations,but not fundamental change in driving factors. The fact that the rally is based on expectations makes me thing of an impulse wave. Although I am not e frequent user,it...
Expecting slowdown of recent rally after breaking out of the downtrend channel two weeks ago.
RSI, Stochastik are overbought and Bollinger Bands indicate a slowdown in the recent move.
Also, middle to end of August is a seasonal which was confirmed now.
Options to work IMHO: sell call spreads
![USOIL: Trading a bear market rally [sudden spikes]](https://s3.tradingview.com/d/d2iQbfNw_mid.png "Trading a bear market rally [sudden spikes]")
