Brent Oil; imminent breakdown if there is completion of the Head and Shoulders formation.
I will look for a hammer candle for a new long entry at yearly lows.
Trend lines point upwards. Will affect $USO $GDX $UWTI $DWTI $NUGT $DUST.
Price dropped from the double top. Will the bear flag break on the EIA report? Watching the bottom of the red trendline.
Gold approaches the top of the channel. Good Risk/Reward for a short. $NUGT $DUST $DUST $JDST
Red Sell / Green Buy. Price is getting wedged good; looking for movement up or down after ER.
Possible Head and Shoulders (although at the bottom of a trend). Shorting if it breaks.
I am Bearish as I don't believe price can breakout of the descending triangle. Gonna watch Monday's open for short.
No need to chase, let it come to you. $GUSH $UWTI $DWTI $USO
HAMMERTIME!? Long to approx $2.60. Stop Loss set $2.38. Worth the risk.
There are two channels (Blue+Gold). Breakouts to $56 or $35.
Huge reversal as Bulls are unable to breakout. Bears break the bottom of the wedge. Price will revisit $43.60 support.
Looking for continuation of the triangle. Near resistance: $2.7 / support: $2.6. I can consider a long position below $2.55
Watching for the possible death cross of the 50/200 on the 1 day chart.
Alarm set for crossing of $21. That is where I will consider accumulating a long position with a tight stop loss under $15. Price can go to $4 based on neckline, channel, and historical prices. I am currently short bias in the near term. Additionally, I am looking for the formation of the right shoulder of the Head and Shoulders Top.
Breakout or Breakdown. My bet is on the completion of the H+S.
Looking for completion of R shoulder + drop below neckline.