BULL:
• 110.315
• 114.740
• 119.304
BEAR:
• 101.326
• 95.518
• 89.848
I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above the $100+ a barrel mark for a little longer.
The daily bearish engulfing was also fully retested on to finish last week off as well. So The daily could be confirming the new lower low is going to be made. Let's see.
• 110.315
• 114.740
• 119.304
BEAR:
• 101.326
• 95.518
• 89.848
I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above the $100+ a barrel mark for a little longer.
The daily bearish engulfing was also fully retested on to finish last week off as well. So The daily could be confirming the new lower low is going to be made. Let's see.
Trade active:
Bull TP1 Hit during New York session on March 21
Trade active:
BULL TP2 Hit during New York session March 23rd.
Trade active:
HNS pattern formed on 1hr timeframe Thursday March 24th for the drop back down at monthly zone 115.246. This is also the area where the retest for the daily bearish engulfing candle was located. The bigger 4hr timeframe was completed on March 25th.
Awaiting to see if price will pivot or continue down around the daily zone of 105.389
Awaiting to see if price will pivot or continue down around the daily zone of 105.389
Trade active:
Broken through the daily 105.389 zone and now looking for a potential retest for a continuation. When that happens, the BEAR TPS will be in play by the time Tokyo session begins March 29th.
This thing is still active until ALL BULL OR BEAR TPS are hit.
This thing is still active until ALL BULL OR BEAR TPS are hit.
Comment:
GOOD WEEK WITH THE SHORT!!
BEAR TP2 hit during New York session on April 7th.
Price is currently at 94.58 during the time of this writing and is currently in the 4hr zone beneath the weekly. This zone was used as support last time and began the pullback to retest the daily bearish engulfing candle.
Now, let's see if we break through this time.
BEAR TP2 hit during New York session on April 7th.
Price is currently at 94.58 during the time of this writing and is currently in the 4hr zone beneath the weekly. This zone was used as support last time and began the pullback to retest the daily bearish engulfing candle.
Now, let's see if we break through this time.
Trade active:
This pair is still ranging and hasn't made a significant move in either direction clearly yet. We hit BULL TP1 again last week. Price has to break 111.22 to continue the bull trend. But it is a monthly zone and may be difficult to break through this week. We shall soon find out.
Trade closed: target reached:
All BULL TPs were completed on May 31st, 2022.
Sorry for the delay.
Will be back in full swing soon
Sorry for the delay.
Will be back in full swing soon
BEAR TP1 hit MArch 29th.
Hope you're deep in selling profits so far.