Preferred direction: BUY Comment: Gold continues to break records, turning out to be one of the weakest instruments today. However, the correction is not so far away and most likely it will happen even today. The price may start rising right from the current ones, but the strongest entry point will be after updating the current minimum. In this case, buyers...
Preferred direction: Neutral Comment: There is no need to expect shorts just yet, and most likely the best option would be to wait for the approach to level 150, from where one can gradually gain shorts. Entry into the sale of this currency pair is meant to be multi-level. In the medium term, before the fall, it will most likely exceed the level of 150. In...
Sasol boxing and holding onto important support at R225. A convincing close above R263 should see this move to the next target at R318
WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million barrel drop in the past week. In parallel, Brent crude futures saw a substantial increase of...
USOIL has formed a cup and handle on the weekly and daily charts, (feel free to quickly check) so we have since seen momentum to the upside, price has no entered a consolidation and a break out can occur, both ways still possible, however early signs of POTENTIAL breakout to the upside, watch next couple of sessions :)
Brent crude oil The channel is closed and consolidated, which allows us to expect a continuation of the upward movement towards the target of 96.14 (discussed in the previous analysis). What can you expect now? You can consider an entry from a breakdown of the level of 93.27. In the case of a local movement, we can also expect a correction to the levels...
I received a lot of questions about WTI Crude Oil. Analyzing a weekly time frame, we can spot that the market is currently approaching a significant supply zone. Even though we see a strong bullish rally since the beginning of summer, I will anticipate a further growth only after a bullish violation of that entire area: 92.5 - 97.8. Alternatively, analyzing...
Preferred direction: SELL Comment: The Fed results also did not leave the metal unattended and, as we expected, the price collapsed. A further fall is visible, and the nearest target is level 1912. After which sellers can give a downward impulse to the level of 1900. Thank you for like and share your views!
Preferred direction: SELL Comment: In general, the situation with the euro has not changed locally; the instrument is still under the control of sellers, but there is no clear entry point yet. As long as the price is below the level of 1.07500, sales will be a priority in any case. The market is awaiting the Fed's decision on Wednesday, and against this...
Preferred direction: SELL Comment: The last oil trade aimed at a short-term fall (counter-trend movement) successfully closed with a profit. At the moment, a sell setup has also formed, and here most likely the rollback will be deeper. The correction potential lies at the level of 92.50. Thank you for like and share your views!
Preferred direction: BUY Comment: For gold, the local picture has changed, and short-term purchases are now being actively considered. In the near future, an approach to the level of 1920 is expected, from where the buyer can become more active and the instrument can easily rise to the level of 1938.915. Thank you for like and share your views!
Preferred direction: SELL Comment: Another approach to the level of 1.35030 will lead to its breaking down and further updating of the lows. This level is also a mirror level. According to our scenario, the instrument will approach the level of 1.35500 before going down. You can consider sales from current ones with a small volume. Thank you for like and...
Brent have two recent bottoms 1.June 2023 ($72) and 2. August 2023 ($82.5) and has rallied more than 33% since July. The rally still looks to be continuing without till 496, $98.5 and $100 very soon. Given the strong momentum buildup and supply cuts from OPEC+ has given the oil a due rally which the cartel was expecting since June 2023. Technically speaking...
U.S start to sell oil reserves and maybe we will see oil prices under $80 level...
Preferred direction: SELL Comment: The situation with gold remains the same and, as we said yesterday, the instrument will most likely now be in balance. No growth is expected above 1920. For intraday trading, you can consider the range 1903-1920. Thank you for like and share your views!
Preferred direction: BUY Comment: Oil continues its steady strengthening, and the medium-term outlook for instruments is positive. However, now, most likely, the price will go for a correction, and it is expected that the instrument will reach level 92, where the balance for pushing is located. In addition, there is a small probability that the price will...
Hello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Weekly/daily/4h time frames analysis for WTI. Price action. Important key levels. Potential scenarios. Trading plan for next week. ❤️Please, support this video with like and comment!❤️