2023.6.16 Daily European Perspective USDX has plummeted ! Hello, I'm Older Duan. Today is Friday, June 16 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index broke...
2023.6.14 Daily European Perspective GOLD is about to test 1930 ? Hello, I'm Older Duan. Today is Wednesday, June 14 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the daily closing...
Crude oil shows strong upside momentum. In this video I explain why the correction may not be over, and how to trade it with an options strategy. Trade ideas for educational purpose only.
See USO potentially setting up for a move up to the 60-65 area. might add some in this micro correction, but more looking for the breakout over 51.25 as my buy signal. more bearish under 48 not financial advice
To trade the markets you have to be AWARE of the world and what is going on. We have to read the news every day but we should not always take what people are saying at face value. The news is never a leading indicator but it can at times be an INVERSE indicator. Don't get played by big money "talking their position" ... In this video we look at examples of...
We are talking US OIL today and some of the trades we have charted. Still holding a long position from 41 that we are comfortable with. Did take some of the position off but still large into it. Correlation stocks for us were: UCO and USO
Good morning, as you can see from the chart we are coming into the last reistance level for WTI Crude oil at 63.3-63.4 range. From there a clean break above and we open up the 66-76 level for oil. Watch in conjunction both USO and UCO as indicators of the strength of the move.
OIL is trading in a falling channel/wedge and is approaching a confluence of resistance level. Having missed all the long opportunities I am looking at a short trade and I am waiting for the market to present me with the reversal pattern. IF this confluence fails, My next short target area is the 43-44$ massive daily resistance level. The market will almost...
Been awhile since USO has done much. Think it has started toward bottom in wave C.
Have a great day
Have a great day
Unfortunately, I think that the easy returns have already been made, hedging and asset allocation will be very important moving forward . 1. Initial claims are a risk, however, it's wise to take fiscal stimulus and the specific unemployment per industry into consideration. - Unemployment benefit increases by $600 per week on top of the $384 national...
More granular price action in videos tagged below!
Have a great day all and don't forget to check out the video linked below. Rob
Have a great day all!