The FOMC is set to have their 2 day meeting.
Market consensus is for a pause in rate hikes.
Will the Fed shock the market like the ECB just did with their rate hike?
The treasury yields market is still in a very strong uptrend & inflation expectations over the last 2 CPI prints have come in hotter due to energy.
the markets are in a ver y precarious spot...
2023.9.15 USD and US crude oil rallied and retreated
Hello, I'm Older Duan. Today is Friday, September 15th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index rose...
USOIL (WTI) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 85.930 which is an overlap support.
Stop loss is at 84.564 which is a pullback support that aligns under the 23.6% Fibonacci retracement level.
Take profit is at 88.065 which is a recent swing-high resistance.
High Risk Investment...
Weekly/daily/4h time frames analysis for WTI.
Price action.
Important key levels.
Potential scenarios.
Trading plan for next week.
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Up, up, and away when it comes to crude oil prices. Today's Saudi and Russian announcement of continued output cuts boost the price immensely. I see very little standing in its way as we continue to use more oil than we are producing. If we have a retracement we look to potentially buy the dip.
Crude oil is in cyclic double bottom pattern.
Weekly Time frame :: If a weekly candle closes above the 82.60, can expect a long bullish run of crude oil till 124 USD.
Daily Time frame :: In daily you can notice a DB pattern, I have drawn a descending trend line in which there is a short sell possibility for now.
But this short is a...
USOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 84.871 which is a pullback support.
Stop loss is at 83.515 which is a pullback support that aligns under the 23.6% Fibonacci retracement level.
Take profit is at 86.877 which is a level that aligns with the 127.2% Fibonacci extension...
2023.9.1 USD strengthens, the euro plummets, and US crude oil challenges strong pressure for the third time!
Hello, I'm Older Duan. Today is Friday, September 1st 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index....
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower.
Stop loss is at 82.813 which is a level that sits above the recent swing-high.
Take profit is between 78.315 and 77.626 which is a multiple swing-low support that...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
2023.8.29 USOUSD show a cross star
Hello, I'm Older Duan. Today is Tuesday, August 29th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index fell slightly yesterday and...
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower.
Stop loss is at 82.803 which is a level that sits above the recent swing-high.
Take profit is between 78.400 and 77.604 which is a multiple swing-low support that...
