According to Previous Weekly Analyse downtrend Channel
While very technical, also historic, dramatic and influential. When there is no market for a certain asset, we don't see a price decline, what we see is market failure. US oil prices plunged well below $0 which is the lowest level since NYMEX opened oil futures trading in 1983.
hey guys, on WTI we have a perfect example of Inside Bar candlestick pattern on a daily chart. An inside bar is a series of bars or sometimes just one bar that is contained within the range of the preceding bar (mother bar). The first rule that we should take into account is that inside bars must have a higher low and lower high than the mother bar. The...
This is a pretty simple model based on a Gann Square and concentric circles and squares. Price over time tends to move up or down 2 circles, or energy levels, before moving in the opposite direction. Since price made a low near the point marked 0, we should expect that the oil price will generally move higher until the circle marked 2. The parabola drawn was...