drdanger7887

drdanger7887

Ahead of todays Crude inventories, oil has climbed back into our pivot point box and is looking like it has some potential drive in it. The path of least resistance is certainly to the downside , however with sanctions on Iran not far away it looks like we might have an attempted breakout. My idea here would be to long a retracement on a breakout pending todays...

drdanger7887

After a recent bull run fuelled by overdue technicals and "hopium" of Brexit deal the Fundamentals weigh heavily on the old cable and while on a 1D time frame we remain in the uptrend, lower time frames are signalling indecision. We are currently at a Pivot Point and this weeks GDP should act fuel for the bulls. My long term view is bullish with a target of 1.45...

drdanger7887 Updated 

BRENT / WTI (is not that dissimilar) is within the reach of ATH since 2014, technically we have made a double top and R/R ratio favours a Short, however fundamentally there are serious concerns over the supply and Iran sanctions/worries are in full swing. $80 is out immediate target with significant resistance above that. Our crude inventories today should give us...

drdanger7887

There is a glimmer of hope for FX_IDC:XAUUSD as it pushes into the upper boundary to a consolidation zone. Of course this has happened before only a week or so ago so a degree of scepticism has to stay. However If we manage to hold in the zone there is hope for bulls. Tenkan/Kijun cross both on 1D chart and 4H chart is looking optimistic and we just pushed...

drdanger7887 Updated 

TVC:UKOIL Clear uptrend channel but bulls are showing signs of slowing down. Eyes on the Crude Inventories on Thursday. A re-tracement to 76.5 area would be healthy, 75.5 possible and below that we would turn bearish. I wouldn't long here just yet if you are not long already and perhaps take some profits if you are net long. Fully expect $80 this month and...