Here my outlook on Oil is still bullish following from last year when we managed to sustain above the $45 region which acted as strong support for this commodity.
My projected target as you can see for the remaining of 2018 will firstly be -
- Target 1 $82 region
- Target 2 $95 region (Long Term)
Gold - long
$1268.0 region is potentially a small reversal region , we are now looking for price to move back to the $1300.0 zone again
- longs can be executed as long as price remains above the $1268 region.
I have noticed oil seems to be holding well above the $45.00 region , price seems be reject this region.
My analysis for this commodity projects a long idea , I believe if we get a clean bullish close weekly close next week we may see oil surge quickly up to even possibly the $55 weekly resistance area.
Long term target would be $60.00 per barrel. We may...
The past two weeks this pair has been fairly difficult to predict as on the daily time frame we still appear to be in a range. However what I have notice on he 2hr time frame , price seems to be in a up trend with high highs being created and higher lows. 122.000 seems to be a stalling point currently if we close above 122.000 on a 2hr candle , price may possible...
Entered long on this trade as I believe we could see a new higher high created after seeing many confluences. I do believe this pair has began a possible reversal. There are fundamentals due tomorrow (25.01.2017) impacting the NZD we could see this pair go beyond the 1.5000 price zone.