The lost the monthly low and just hit a weekly resistance close to the end of a rising wedge.
Would like monthly not to close above low 1200's
Target 930's and 820's
Many bearish signals on the Oslo Boers right now-- at support on an ascending wedge, at neckline of head and shoulders (at a monthly lower high), top of h&s made an hourly double top against resistance that has been steeply rejected twice this year. NOKUSD is weakening temendously and maybe the European oil price cap is impacting the OBX's major holdings (Equinor,...
Could totaly fail. But Sars executed a massive growth, govern money is flowing into the market, this could be the start of an epic run and even more spetacular collapse in a couple of years when everybood is tired of feeding the bubble.
Tradingchannels are a nice indication and tool to check for steam. Just by judging by the channel, looks like we have MAYBE one more day of fun before we see a retrace in the market. A break over, thats something else. Id say its more likely we see it retrace. The striped lines are key points of resistance. Not that I think we will see the two lowest ones, but...
After the V shape comeback Oslo Børs may gas out. Several indicators point in that direction. Oil seems to topped, dow jones topped and Nasdaq at all time high. Gas prices hit rock bottom and outlooks are grim. (Norwegian Børs rely a tad on oil and gas) Oslo børs now has been trading quite nicely in this channel looking on the daily. So I expect for this week and...
I'm just doodling here.
Even if OPEC gets a deal with russia, the corona virus gets stable and so on. The economic consequence will still take time to recover from.
Bankrupt business dont automatically go back to 100% engine speed just because money printing is going, OPEC gets their deal, Corona virus goes away.
Like 2008, the bubble continued to deflate long...
If you are invested in OSEBX through index or stocks, watch the next days for a direction to form.
No sign of recovery of Oil prices and with an oncoming "recession" not looking good for Oil.
Will hold short position on OSEBX until either a clear trend is forming in either direction.
This is only my personal analysis and should NOT be taken as investment...
going up to the 5 here as i draw the on the first osebx analysis. I am unshure if we are going upp to the double top again before the new bear market, or if it hitts the diagonal trend line for a turn. As we can see on the previous 5, the relevant trend line goes a little further down. here cince 2009 i have drawn i ntwo trend lines. including the middle one. The...
As we can see.... ther is an EXTREEMLY CLEAR dobbelt top we have to do with. I discovered that allready in february, wich i was able to act on my self and sell out eraly. I allso hav an erlighet analysis of this at my profile.
- Brent crude now 35. At last time brent crude was at 35 was january 2016. then the price of osebx was at 514,65 .
- The january 2016...
