Traders, USOIL fell as expected as as per our analysis. In this further update on the same , we look into possible trade opportunities using FCP (Fibonacci Confluence Patterns) analysis technique.
USOIL (Crude OIL) can reach 70 and bounce up but over time this market can still fall down.
1. Never trade too much
2. Never trade without a confirmation
W1 - good resistance + potential bearish div.
H4 - bearish convergence
H1 - bearish impulse.
Looking for pullbacks and sells.
NOTE - the higher time frames are suggesting another possible wave up. Do your risk and money management accordingly.
USOIL has been going ballistic since 40s USD. I suggested that it could rise to USD 50 and then to USD 72 level or so. It is about to reach USD 70 which can create massive volatility and trading opportunities. However it does feel like that this market is extremely over extended so my bias is shifting towards bear gradually. USD 70 may or may not be a...
Traders, Both UKOIL and USOIL worked exactly as we expected. They both fell right into our targets. Now there can be little ups and downs but these markets are still bearish.
So lets see what trading opportunities lie in these 2 commodities markets with our FCP (Fibonacci Confluence Patterns) analysis.
1. Never trade too much
2. Never trade without a...
just wanted to share my thoughts with you not just about Oil - an idea that almost nobody liked!- but about Trading in general.
Listen to what I say, try to understand the words and the thinking that comes out of my experience and i hope that I will be able to affect your trading and make it a little better... why not?
We keep buying cryptos...
wishing you all a nice day and may the force be with you.
A lot of you have mistaken me for a 'crypto trader' which I am not.
Very simply I trade what I see is moving in a clear direction and this has been clearer on Bitcoin until last week, Alt coins like Cardano and tokens like Enjin and Coti, where our research paid huge dividends and our technical...
Traders, Our bullish stance on USOIL and UKOIL has been very good but now OIL market is looking little over extended. So any medium to long term long positions in these markets can lead to losses as a correction can happen any moment in time. Trading a correction/retracement is a better option for now. If you are looking for long position on USOIL or UKOIL, make...
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.
☑️In this video I am breaking down both the fundamental and technical factors
That lead to the recent surge in Oil price
As well as giving my predictions concerning the price where the rally will stop.
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