If you master to trade with volume and pichfork you will be a professional trader
bullish for oil in september + q4. china buying coming back probably see $80-$85 oil by EOY
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.
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...
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...
Let's see if the wave can extend, it might be that where we are right now is about the limit of where we go on this stage of the rally
Above the lower line, you need to be long targeting the upper line. At that upper line you can sell it all
The market might get you into a trap, be careful of the spikes
My analysis indicates that the brent is going a bit further high since the buying pressure is really obvious.
After bouncing back from the pre-pandemic resistance and touching the channel's resistance since 2008 Brent seems like forming a head & shoulders pattern.