On a daily candle trend line may be crossed, if RSI crosses above 60, Next target is likely 74.10, 77.31, 80.02 ( Only if RSI crosses above 60 today, then most likely) RSI 60 LIKELY TO BE RESISTANCE but Pivot (Camarilla) lines indicate upside movement possibility Mild Retracement till 71.44
For Friday, 69.45 can contain session weakness, above which 72.81 remains a 2 - 3 day target able to contain buying into later next week, and the point to settle above for yielding the more meaningful 77.27 within 1 - 2 more weeks. Downside Friday, closing below 69.45 signals another test of 67.08 within several days, able to contain selling through next week...
The price of oil trades above the 50-Day SMA ($71.36) as it extends the series of higher highs and lows from last week. Crude Oil Outlook The price of oil may attempt to retrace the decline from the June high ($75.06) as it registers a fresh weekly high ($72.34), with a break/close above $75.60 (38.2% Fibonacci extension) bringing the May high ($76.69) on the...
CL1! - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long CL1! Entry Level - 70.93 Stop Loss - 69.09 Take Profit - 73.70 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
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... ;)
To understand “Qantamental” investment approach, we first have to understand the quant and qualitative approach: • Quantitative approaches or Quant, often employed by quants, have the advantage of being data-driven and objective. They can process large amounts of information quickly, identify patterns, and execute trades with precision. Quantitative models can...
For Thursday, 69.55 can contain session weakness, above which 72.80 remains a 2 - 3 day target able to contain buying into later week, and the point to settle above for yielding the more meaningful 77.20 within 1 - 2 more weeks. Downside Thursday, closing below 69.55 signals another test of 67.08 within several days, able to contain weekly selling pressures...
MCX : CRUDE OIL FUTURES Post hitting the target @ 5422 levels, Crude is forming a descending triangle. A close below swing low of 5290, will drag down to next target @ 2818 levels. Time to keep an eye. It's only an observation & not any suggestion.
I have a timid long on this one. I am not confident in it. But I really feel these are the forces that are at play here and if we enter the orange zone we might decide where this is going.
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... ;)
US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising...
In the main structure, we are in an expansion triangle. Wave D of this triangle maybe is like this, and after that wave E has target above $200
this position based on the MCT STRATEGY and order block Risk reward is 1:3 Entry: 70.88 Tp: 71.50 SL: 70.67 Good luck traders
What rises, must fall. What comes down, goes up again. This rings most true for crude oil prices. Both secular and seasonal trends are at play in crude oil prices. Demand for oil moves in tandem with global economic activities. Key secular trends impacting oil markets over this decade was covered in our previous paper . These range from falling demand from...
This position based on the MCT STRATEGY and order block Risk reward is 1:3 Entry: 70.26 Close: 70.86 Good luck traders
This position based on the MCT STRATEGY and order block The details of tge position is: Risk reward is 1:3 Entry in 70.20 Close in 69.80
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... ;)
Here on chart you can see the support horizontal line mark . Trend line acting as resistance. Break out will bullish structure