Nice consolidation forming on USDCAD and now I think its ready to drop again.
Price has rejected the 1hr 50ema, Fib 0.382 retracement level and the bearish TL (3rd touch).
Looking for new lower lows to be made now.
WTI has clearly respected a key structure support level on a daily.
we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well.
I have a bullish bias on WTI and currently hold a long position.
My stop is 50 level but I have entered a few days earlier.
Key levels for targets:
I was asked to share my thoughts on nat .gas :)
on a daily the market has reached a key level of support:
conjunction of horizontal support with a falling trendline of a broken channel and rsi divergence.
I think that buyers will push the market to higher levels.
Key levels of resistance are:
The exchange rate can build a fractal course. You just left the descending sequence (green rectangle). In case the fractal movement continues, we are now expecting a rising trend channel based on the sequence. The top of this trend channel is somewhere around 74 usd. In this case, the current levels may be suitable for taking a long position.
When i 1st started out i was blowing 1 account a week and must have blown atleast 50+ accounts before it finally clicked so if anyone tells you they haven't blown any accounts and started making money as soon as they started then they are lying!
I am a successful trader now and haven't blown an account for just over 5 years so now i am trying to stop people...
Buy Hurricane Energy (HUR.L)
Hurricane Energy plc is engaged in the exploration of oil and gas reserves principally on the United Kingdom Continental Shelf. The Company's acreage is on the United Kingdom Continental Shelf, West of Shetland, on which the Company has approximately two basement reservoir discoveries, each containing approximately 200 million barrels...
Loading on the long position for Natural Gas, being trading in the descending broadening wedge for a while price gives first signals of bullish divergence on the MACD and the RSI on the 1H timeframe , a signal that we gained some value on these levels and buyers are coming in .
Support and resistance are converging for brent oil. In the coming days, it will be forced to break out either to the upside or downside. Subsequently, a strong trending phase could ensue. Following the volatility after the Saudi attack last month, brent oil retraced back to prior support around $57.40, as shown in the chart.
Support around this area comes not...