WTI Crude Oil is on a neutral technical outlook on the 1D timeframe (RSI = 54.002, MACD = 0.110, ADX = 20.935), naturally so as it is ranged between the 1D MA50 and 0.618 Fibonacci level for the past four days.
The MACD now formed a Bullish Cross, which gives an edge to buying but only if the 0.618 Fibonacci level breaks. A similar fractal in May-June offered...
Hi Guys! This is a Technical Analysis Update on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe.
URNM was able to BREAK Above the 2 year Resistance line and close Friday with a Strong body candle close.
It was accompanied with a VOLUME SPIKE, which shows follow through and supports price action.
This is the 1st step in attempting a Trend Change.
2nd...
WTI Crude Oil crossed under the 1D MA50 (and the Channel Up) for the first time since July 6th turning the 1D technical outlook bearish (RSI = 35.225, MACD = -0.060, ADX = 34.325). The short term timeframes are oversold so expect a minor spike to the 1D MA50 or near the 4H MA50. We will use that as our new sell entry and target the strong support zone consisting...
WTI Crude Oil is trading around the 4H MA50, testing the harmonic HL trendline as on the previous bottom rebound on March 24th. The 4H technicals turned red (RSI = 39.049, MACD = -0.190, ADX = 28.123), which again is consistent with the March pullback. We are adding a new buy here, targeting the 4H MA200 (TP = 76.50).
Prior idea:
## If you like our free...
WTI Crude Oil is now supported on the MA50 (4h).
The Channel Up that started on Support Zone (1) is similar to all previous 4 Channels that started on that level.
Price got rejected on the Mid level structure, indicating that we are only halfway there.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 80.50 (under Resistance Zone 1).
Tips:
1. The...
Our preferred scenario in CL is confirmed by the price action. We assumed a decrease in CL in the corrective wave (b). The down move looks complete or nearly complete, with wave (c) up to $79.87 most likely. For our scenario, the critical level is $72.37. A price drop below $72.37 will break our markup and change our view.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you...
We have discovered a 1980s pattern on Gasoline (RB) that is strikingly simalar the recent candle action on 1W. We are rather puzzled though as to which point of the 1980s sequence we are currently at.
In 1980s the Golden Cross (MA50 over MA200) emerged after a Double Bottom. Currently we are past that Golden Cross and the price is approaching the last low on a...
