I don't care to be honest... I simply identify a level to manage risk from and call it a day. lose your emotions in your trading. lose the idea that you have things all figured out... just make a decision with the TIGHTEST risk possible and do it.
This weekend, YEMENI REBELS have taken credit for a MAJOR DRONE STRIKE on Saudi Oil production, affecting their total output by HALF and therefore decreasing global supply by 2.5%.
Shortly thereafter, American officials turned to IRAN to place blame. The American government has been pining for this conflict for a very long time. With any luck,...
Price closed above the Monday high/Weekly high and there was a slight bearish reaction. I am biased on the bearish side because the P3 activation. I, however looking for the price to make another push and test yesterday's high and if it could reach the last month's high (green line) and take out the liquidity pool sitting above yesterday's high and the monthly...
We already broke falling channel formation and it's an important bullish sign for the market. As long as we stay above the 62.50 level price might aim higher resistances. 68.00 - 68.50 zone will be carefully watched in the case of strong impulsive movement.
Brent Crude Oil looks likely to break out of the trendline resistance as the risk-on sentiment remains.
Technically price is working within a channel and if price closes above confirming the breakout the sentiment
on oil will likely change. The USD weakness will help oil find higher prices so keep an eye on the USD Index.
Hoy vi un comunicado por parte del INT argumentando que desde Julio debian de bajar el precio del combustible pero que no lo hicieron por falta de organizacion con todos los emblemas, mas bien lo que estaban esperando es ver si el petroleo haria un pullback pero bueno ya veran ellos que esto muere
It looks like buyers were ready to push oil higher as we saw fierce buying pressure yesterday pushing oil up clear from the 61 dollars resistance. However, bears came back and dumped contracts down right away and it looks like buyers are giving way again. We might see further downside to 58dollars again where short-covering might take place.