ArthaVidya

ArthaVidya

OIH/WTI Spread Should Close - Long OIH / Short CL (USOIL). Red Circles Spread.

ArthaVidya

MU could see a rebound from ~36.50 to ~40/43.75. RSI divergence in 1h chart already occurring, but I'll be waiting for 4h chart divergence and preferably even in the daily.

ArthaVidya Updated 

Stop: 23.30 Targets: 21.00 / 19.75 / 18.60

ArthaVidya

Looking for a Bounce on the SP500 at ~2640/2615. New lows with RSI divergence.

ArthaVidya

MSCI World may rebound at ~83.5$ / ~82$ New lows with good divergence, always good when looking for reverse action.

ArthaVidya

Same goes for Copper as to my post in Silver.

ArthaVidya

After Gold breaking out, Silver is forming a reverse H&S. Good set up to catch up with Gold.

ArthaVidya

After a relentless break of all EMAs, the world index needs to hold 85.90 or it will open the way to 83.50 or 82 or even <80.

ArthaVidya

Looks like a 2y top formation for the Dax.

ArthaVidya

Sanofi after several tries broke its cup & handle formation a successfully retested it. It seems to be also forming a reverse H&S. Stop: 74.60 Targets: 85.60 / 92.90

ArthaVidya Updated 

~50$ seems a good entry point for MU. RSI is close to the historical bottom, already beyond more recent corrections. YTD trend line support indicates it should bottom around 50$. Targeting 75$+ for Y/E.

ArthaVidya

December & June/July are historical bottoms for Gold. RSI oversold. Reaching support line from 2016 trend. Fractal from 2017.

ArthaVidya Updated 

CRC seems to be about to breakout from the current pitchfan channel to attack the 0.5 fib retracement level ~50$.

ArthaVidya Updated 

Up up and away!

ArthaVidya Updated 

ESV looks like is starting the fifth impulsion wave, already gone through the 0.382 and 0.618 retracements of the previous high. Using both the levels of 1.618 retracement and 1 extension, my guess is that ESV will be trading in that range short term.

ArthaVidya Updated 

Although the shadow has gone wider than previously thought (S&R), I'm convinced next week CL1! begins the next impulse wave (3rd). For the week I'm targeting 67.80$ towards 0.382 fib retracement, for the whole month 73.22$ toward 0.618 fib extension, and in July ending the third impulse at the 77$-78$ range (both 1 fib extension from the first impulse wave and the...

ArthaVidya Updated 

Updating my short-term assessment on ENB of last week. I'm targeting ENB to hit the area between the level 1 of the fib extension from the last rally and the 0.618 fib retracement level from this year's highs, after the last retracement rally already gone through the 0.382 level, I think it's time to go for the 0.618. There should be some resistance around 43$CAD...

ArthaVidya Updated 

MU had a great week, retracing to 0.382 then back to 0.236 then back and forth again to then finish the week breaking out from the resistance found at the ~60$ area and stop at the 0.618 retracement level, also closing the gap down opened two weeks ago. For next week, Micron may find some resistance at the 61.80 to 61.90 area and come back to test the 61.60 to...