Hi, Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside. Look like we should experience price rising higher. Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue. Let’s...
Hi I have become interesting with WTI Oil chart. Similar situation you can observe on Bitcoin chart but on the opposite site of the chart. According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing. They become smaller...
After a pull back to the 67.80 support (Higher Low) on the 4H scale, WTI is rebounding again towards the 70.60 Resistance. Since the Higher Low supporting line on 1D held (bold black), the medium term bullish trend is intact (MACD = 0.090, B/BP = 0.2200) despite the obvious neutral bias (RSI = 52.856, Highs/Lows = 0.0000) that are dsiplayed since USOIL trades...
USOIL broke the 70.60 1D Resistance last week, peaking at 71.40, restoring the long term bullish bias (ADX = 37.039). 1D eventually pulled back (RSI = 47.481) after this continuous rise since August 15th and found support near 66.60. The buying pressure on those levels is evident by the upward supporting line (black). 4H is now picking up the bullish pace (STOCH =...
After breaking the bullish trendline and having a strong swing up, price is now showing weakness. There is a good chance price will have a swing down now to test the prior support. Taking a short position now, as the odds are good.
The 70.43 High landmark was achieved as the 4H Channel Up (RSI = 61.205, MACD = 0.480) made a Higher High at 70.50. It is now seen trading sideways (Highs/Lows = 0.0000) on an early weekly trade whose early Inventory speculation will indicate what the market expects of the next report, hence the trend for Tuesday, (early) Wednesday. This doesn't affect our long...
USOIL has respected the Higher Low (64.40) on the 1W Channel Up (RSI = 1.630, MACD = 1.630, Highs/Lows = 0000, B/BP = 0.1240) and is following our long trading plan to the point. 1D has now even broken through the bullish zone again (Highs/Lows = 0.6793, B/BP = 1.5580, ADX = 30.382) breaking the previous Lower High (68.39) with a new Higher High = 69.30. The next...
Crude at best risk to reward. time frame 5 weeks... Entry at CMP or little lower. Sl below structure low..
The price has retested the 64.40 suport making a strict Higher Low on the 1W Channel Up. Equally however, the 66.60 Resistance posed enough selling pressure to keep WTI still inside the 1D Channel Down (RSI = 39.602, MACD = -1.130, Highs/Lows = -0.7157, B/BP = -1.9240). The 1W Channel Up is now starting to narrow the potential downside limit to 65.00, which we...
63.66 has been a key support and resistance in the past, we are expecting a drop to this level and then a bounce, possibly breaking and re entering our trend areas as marked with red lines. TP and SL are reserved for our paying clients.
The price is now on a 4H Channel Down (RSI = 39.718, MACD = -0.350, Highs/Lows = -0.6671, B/BP = -1.1220) headed towards a 64.64 Lower Low. That is the EMA200 on 1D (neutral ADX = 18.800 but bearish on the rest) and the last buying accumulation point. The Higher Low on the 1W Channel Up is also located there (64.40) which is the ultimate support point. If crossed...
The second attempt to break the 70.60 Resistance on 1D failed as the chart stayed neutral (RSI = 42.406, STOCH = 47.032) under significant selling pressure from the last two bearish Inventory Reports. We expect a 3rd attempt (dotted curve) to commence aiming at the Resistance break-out. This attempt will be this time supported on the 1W Channel Up (RSI = 50.993,...
Crude Oil (WTI) – Daily Resistance & Support: Resistance: 70.00 / 80.00 / 90.00 / 100.00 Support: 66.50 / 60.50 / 58.00 / 52.00 Crude Oil (WTI) – Summary: Expected to complete the correction at or around the 60.50 Levels and resume the up-trend in an impulsive manner. If the Bullish Impulse will present an Extension, the swing could reach 80.00 Levels, but could...
So far TD Setup Perfection Long position signalad a buy and is holding up with some respectable gains. Long 68.41 Stop Daily close below 65.75 MACD turning higher but still hasn't crossed up, but if we have a higher close on Sunday Globex session that *could* bring Monday morning buy orders. On the weekly chart, we have a really nice upward trending channel...
i do see lot of noise in market for 71$ i m also with you all the big brothers only if we close above 69.30 go long dear friends else you know but only above 69.30 target 69.8-71$$$$$$$$
The first curve reversal pattern failed (dotted) as Wednesday's bearish Inventory build knocked down the price just below the previous 1D support level at 67.00. The move began its pricing the day before indicating that such fundamentals are now typically priced before the reports (indicating that the dominant trend can be identified as opposite to speculation)....
A Well formed kick is forming with target of 67.7