okay guys what we are looking here is a series of many possibilities which may take place ,we got an OB , FVG , HH (DOUBLE STRUCTURE KISS) also known as double top, a trendline kiss while may take place inline with the weekly OB..it just my view using what i know on this business.
Expecting a move down to 60, especially if supply is maintained, price wouls remains under 65. Which is likely to happens since price is printing bearish candles on heavy supply.
If would show supply weakened while not breaking under 65., could expect a retracement back to 70.
Similar extreme price activity in Oil.
One has to wonder if sometimes, the mood of one market has been transferred to others. It seems to have been a volatile emotional day all round. The difference in price behaviour on the day however, is that Oil has so far not seen any of the recovery equities achieved.
While Goldman Sachs has just come out with a $90...
Oil is going to boom like it never has before, we're going to see oil top $200+/barrel. This will be the result of several interacting factors.
Many soon-to-be vaccinated Americans with government stimulus in their pockets will the hitting the road for epic vacations in the coming months. The entire population has cabin fever, thanks to year-long pandemic...
What a crazy rally its been for oil since last November.
Just passed the .786 Fib level on the daily based on the highs of Jan 2020 and looks pretty solid growth wise.
Possible it can go to top of channel around 65.
Definitely been good for the OPEC cartel and the USA.
Maybe theres some cracks?
A lot of traders are pricing in a recovery already in travel and...
Previous drop was devastating, but based on a remarkable Diametric pattern, the correction phase for OIL may not be over yet.
If this pattern holds true something similar to drawn projection should happen.
On the other hand we have 36 level as an obvious PA support (next one is 26). It is still untested after the break and we can expect OIL to be supported at...