European markets fought back up off lows after and earlier selloff while the US managed to end with minor gains led by Tech shares. Again, banking concerns weighed on the markets which capped bullishness for the session as the USD continued to move lower leading to a rally in Gold and Copper. For me, major US and European Indexes are looking very heavy and...
Watching $CL here as took buy side liquidity twice but couldn't hold and is dropping back into the range, which leads me to think it might try for those lows.
Imagine half the distance between the ranges, there is another range.
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me...
Hey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity.
Oil is in complicated situation. During second week of the March it broke the 200 EMA support without resistance. Next weekly pivot is on 64.00. Traders might be looking for short on fundamentals to the 40.00 level. But given my expertise about Oil fundamentals this trade would not work. So i'll say any position taking in oil should wait for 64.00 level and look...
For Thursday, 67.92 can contain session weakness, above which 71.41 remains a 2 - 3 day target able to contain buying through spring.
Holding below 71.41 will keep 58.22 in reach over the next 3 - 5 weeks, the broader market in reach of 53.87 over the next several months, while a weekly settlement tomorrow above 71.41 would neutralize last week’s long-term sell...
US Share markets indexes move lower after the US Fed raised interest rates by 0.25% as expected. There are a number of concerns that the market sees and is reacting to as risk assets take a hit. The US Fed showed concern for the banking crisis and expect credit conditions to tighten which does not bode well for growth in an interest rate raising environment. I...
3.22.23 This is a follow-up on oil. Last week oil was at a good support and look like it would go higher. You could have traded this with a relatively small stop but if you're Trading to scalp the market it would be easy to drop out of the market and let it get away From you. The market went up about $5,000 from the support. If I'm long in a trade, I would...
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
Going long on oil again for a potential 3/3 in the past three weeks. Broke the support before coming back over, breaking the downward resistance and backtesting the old support once again as support.
This month’s banking crisis dragged many cyclical assets lower as investors worried about a possible recession. Today’s weekly chart considers the impact on crude oil futures.
The first pattern with potential relevance is the $65 price area. CL1! bounced at this level in mid-2018 before breaking lower. Crude peaked there again in 2019 and early 2020 – shortly...
Good morning and good afternoon dear traders!
Today's trade on CRUDE OIL was quick since we got an early squeeze on the chart and we closed to take our profit on this market, we're still holding our positions on NATURALGAS and ZB1!.
For any questions or markets to analyze leave a comment below!
For Wednesday, 68.40 can contain session weakness, above which 71.41 remains a 2 - 3 day target able to contain buying through spring.
Holding below 71.41 will keep 58.33 in reach over the next 3 - 5 weeks, the broader market in reach of 53.87 over the next several months, while a weekly settlement Friday above 71.41 would neutralize last week’s long-term sell...
Share markets continued to press higher as they focus on the coming FOMC interest rate release. Concerns over the banking sector are on the back burner for now and expectations for no rate rise from the US Fed may now be baked into the price action. I expect to see the Fed Reserve raise rates by 25 basis points as they still have to battle higher inflation so we...
I present my scenarios for the next trading day. Prefered scenario is scenario 1.
Fall to 75.00, getting more liquidity at 76.60 and further fall to 74.00
However, next week is the expiration of the current future. So price movement might be shaky.
In the last US session the price fall below (break) 65.70, but further decline was stoped with big volume.
Please refer to my previous idea on daily chart. Thus, my prefered scenario is no. 1.
But due to negative market sentiment scenatio no. 2 is highly possible.
Current set-ups planned:
Short entry on break 65.35 with fast breakeven and exit.
Long when reach...
