... to finish after I was rudely cut off, options returns are a bell curve based on duration, you never want to hold them until expiry unless you are planning on taking delivery! (*Note to tradingview - performance should increase for paid subscriptions)
The dollar looks like it's started a move down toward the channel bottom. If so where will you find the best trade opportunities? I'll update this idea as it develops This is not investment advice. Please remember to give me a like Steve Nixon Trainer & Mentor@logicfxtrading
In this video update, we take a look at WTI OIL as the market printed a bearish doji candle. This could show us a sign that the market phase 1 is slowing down and could be forming a phase 2 correction. We are looking for the price to break the daily lows on the hourly chart for short trades on the re-test of the lows. Targets will be $60.00 and previous structure...
API data released at 4.30pm EST on Tuesday show a "surprise" build, however, with expected weakness in hard data there should be no surprises. EIA data will either confirm or deny API's release.
Crude has reached and surpassed our expected target of $61.60 for a reversal. Look for weakness into the close of day today.
Made this for someone in the chatbox, but thought newbies or so may find it helpful to try out themselves too, so bon apetite all. P.S. if i ignore any questions after today then it is because today is my last day off work. After this, it is back to being a slave to the system lol.
Thought I should make another crude oil analysis as market did hit the top of the channel line which i am expecting a drop from here, however still waiting for my last signal on the 4 hr view for downside confirmation. Here is my other crude oil analysis which you should find quite informative; DISCLAIMER; Do set stop losses when trading but be generous with...
This is an update to last audio post on; DISCLAIMER; Trading carries risks, do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire....
We can see slight higher highs from here, however, I expect to see a reversal somewhere between the current price and $61.60
Commodities are typically the last asset to peak during a cycle. We typically interest rates peak first, a couple of months later that followed by equities and a couple of months after equities we see commodities peak. Commodities such as crude oil, are part of the contraction phase in the cycle, the higher the price rises it begins to acts as a tax on consumers...
Bullish momentum turning to bearish side On higher scale we can see price touched on ascending trendline 4th time and now price cannot reach again to trendline making double top pattern Bearish side on USOil can be taken at current price Watch to short USOil
In this video update, we take a look at WTI as price has retraced back to the key $60.00 level. With price holding a 50% fib confluence at this level we could expect the market to move lower from here. The 4hr chart is highlighting a double top pattern and if price can break below $58.00 we should see some further short selling enter the market.
What you need to know about oil's current price action explained right here. Also check out linked idea on oil market below, an even earlier and broader analysis. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders....
Target1: 54.00 Target2: 51.00
65% of crude oil demand is derived from gasoline, with economic conditions weakening we are now switching from supply side issues to potentially demand-side issues. Watch for lower levels of demand for Crude over the coming weeks.
Would love to hear your perspective in the comments sections below! Have a wonderful day!
Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher. This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you...