To find reversal points of a market is not easy but still possible, as we have found out using the example of WTI oil. Analysis "WTI ÖL - Again 61,8% - Only short-term long entry?" from the 07th of June 2019 or Analysis "WTI oil - Is the trend change for halving?" from April 12, 2019 or Analysis "WTI - till$ 45, no major trend reversal." from 13th Nov....
There is a break of LHLL structure. If 53.76 hold and forms a lower high formation, we can expect oil to go higher. Watch 53.76 closely.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Since late April this year, we have seen a sell down of almost 20% on oil. Yesterday, 10 June, we have seen that sellers are still in control to push the price much lower as buyers failed to break the key psychological resistance of 54.00, thus showcasing a sign for weakness for more downside. Hence, target price is first drawn to 50.00 and then towards 45.00,...
NATGASUSD, Continuous downward: Sell
NATGASUSD, Continuous downward: Sell
H1: - Structure: Downtrend - Tendency: Strong downward - Below resistance daily - Tesst resistance daily-> Give signal on H1 => Sell ( Continuous downtrend )
H1: - Structure: Downtrend - Tendency: Strong downward - Below resistance daily - Tesst resistance daily-> Give signal on H1 => Sell ( Continuous downtrend )
The next support is 51.157 and then 44.232(likely end wave C (2)). The buyers are here.
Oil is in panic mode. Target price 47.9 usd
H4: - Structure: Downtrend - Tendency: Strong downward - Below resistance Weekly - Tesst support H4-> Pullback => Waiting signal=> Sell ( Continuous downtrend on H4: Swing trading)
Hi All , Opening a buy on this pair . entry and Tp marked on chart . Many thanks.
WTICOUSD 3.29% decrease followed by 18% increase. The rate correction level is 60.1 usd. I'm waiting for this level to test back and then rise. I expect a rise in a double wave structure with a first resistance level of 66 usd. The current motion target price is 70.8 usd.
The WTCOUSD correction level is 55.69 usd. I think that this level is tested by the exchange rate. Then I expect an additional long-term rise.
H1: - Tendency: upward - Break and above support => BUY