nedjiaka

nedjiaka

Currently oil is sitting slightly under last week R1 (25th - 30th Aug), it was rejected a bit when it hit that R1 but if we closes today under 56.24 then we should see more of a bearish movement. The possible range it would go down to would be 55.12 - 54.78 and if the bearish movement is strong enough it will go beyound that. Possibly even down to 53.01 as I see...

nedjiaka Updated 

If it closes above Resistance for this candlestick then we might have a problem but if it does not I am expecting it to go down to the middle bollinger band 54.8x or at least 55.10 The past weeks has not been good for oil but thanks to the news yesterday it rocketed up to the high ceiling. Good luck everyone, please feel free to leave a comment if you agree or...

nedjiaka

TVC:USOIL A full analysis of my Friday USOIL WTI analysis throughout the day. Base on circle one we can see that the candlestick hit the top of bollinger band and got a good rejection wick then it drops down below the last support and below that circle you can see the rejection at the last support as well which then the bullish movement started. On the...

nedjiaka Updated 

I'm just starting out here and I usually go by the simplest method, support and resistance which has been a decent tools for me. Now we see here in the 4H that USOIL(WTI) has been attempting to go higher but so far unable to close above the resistance. From here I think we might see a bearish down movement as if we look at the Monthly time frame , we are still...