Mega-cap tech’s climb to jumpstart 2024 fooled many strategists who called for value, cyclical, and small-cap niches to outperform. The same old playbook has been in full swing, but could that be about to change? Consider that banks, not chips, ended this week at fresh multi-year highs following a late-week pullback among the big semiconductor names. But there’s...
Hello,Traders! CRUDE OIL broke out of The narrowing wedge pattern To the upside and the price Is now going up again So I will be expecting A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI oil (USO/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take profit target. Entry: 75.866 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 74.128 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement...
Good evening and i hope you are well. Here is a quote from my substack on Monday about oil: "Most interesting market today. I do believe its a breakout of the bear channel, beginning 2023-09, if bulls can generate follow through tomorrow/Wednesday. The trend line on higher time frames is more of an area than a narrow line with exact prices. But we are there and...
The West Texas Intermediate crude oil has trended mostly sideways for over a month, moving between $68 and $75 per barrel. Yet, while the situation in the Middle East and the Red Sea continues to deteriorate, the oil market keeps growing increasingly ignorant of the dangers of a broader war in the region that could further disrupt the transit of goods and oil...
Preferred direction: BUY Comment: The shorter-term view for the USDCAD currency pair is directed upward. The US dollar is still strong, and further strengthening is expected this week. The most likely scenario is growth from current levels. Less likely is a retest of the support area at the 1.34000 level. The long target is located at the level of ...
Dear Colleagues. I hope you listened to my advice and took a great profit from the last forecast. And now I am considering the continuation of the upward movement. I suppose that the price will reach at least the resistance area of 76.08. Before this movement it is possible to form a corrective wave 2 in the area of 50%-61.8% Fibonacci levels of 71.66. Manage...
Time to Brace for GDP (and USD) Downside Surprise? This Thursday marks the release of the initial estimate for the fourth quarter of 2023 GDP in the United States. If predictions hold true, there will be a noticeable deceleration in economic growth, with the market anticipating an annualized growth rate of 2%, a significant drop from the previous quarter's...
🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 72.754 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 72.00 which is a level that sits under the 61.8% Fibonacci retracement level. Take profit is at 74.681 which is a...
journey to 79.35 just begun . first target achieved send and third on the way
WTI oil (USO/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 72.402 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 70.938 Why we like it: There is a multi-swing-low support that aligns close to the 78.6% Fibonacci...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
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West Texas crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $78 and $80 as wave C. The main and important support number and range is $70.70.
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 71.194 which is a pullback support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 69.900 which is a level that sits under a swing-low support and the 78.6% Fibonacci projection level. Take profit is at...
Oil has been creeping up lately. Today it triggered a bullish intraday pattern. This intraday pattern if completes, sets up for a larger bullish daily chart pattern. If this breakout in oil happens were going to see some energy stocks make moves liek the Semiconductors did today. Many names like RIG, XOM, HAL, XLE put in daily bottoming tails. Some energy...
Brent oil ABC wave The beginning of the rising wave C Main support $77 Target 83 and 85 dollars It's not beautiful...!