G6 news to come from NTOG soon on production increase CCI upside movement Above 20ma and last week we closed above it, still above t-line hoping for a cross from t-line with 20ma to drive this higher next 1-2 weeks. stop loss at 3.72p top up at 3.85p if that does retrace at some point. Target 5p-5.20p
The USOIL have just arrived in a fresh supply level, It is a great level to sell, for the long/swing terms it seems The price tends to reach the demand below, which is also my Target, if the price will break this supply I'll open a new sell position At the supply at the top and the target remain the demand below.
7.42p is the next resistance where 20ma is at moment but closing above that I can see quickly a move to 10p at least short term. We closed last week above the t-line which is bullish, we might re-test it next week but closing above it will raise momentum for week after. 7.75p was the bottom and we seem to be on a start of a bull trend.
RSI very overbought and if t-line is lost at 11.5p we will get back to 10.5-10.7p before the next leg. Last candle gives a daily bearish sentiment to come so will watch with interest. Cooling down in the chart will give more strength for a further rise and breaking the 200ma If we do bounce from 11.5p and hold then you might not see that retrace so keep an eye.
If MPP (S1) functions as a support line, think long. The first limit is 70.00 The second limit is under MPP (P) 70.77 The third limit is under YPP (R2) 72.62 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: ...
At the top it is obvious there is a bearish divergence which is indication of a bear move to come. We had a break out at around 15.56p & plenty of resistance levels around there which will act as support so I will be looking there for a retrace before we push into new levels or go sideways for a while.
Hello guys, here are the levels for trading on Tuesday. The market pushed higher on Monday, but not enough to reach our sell level, as of right now, if the market keeps moving higher, i will be looking to take some shorts at some key levels like XH or R3 depending on whether or not we get our setup at that point. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
This week the BOC Gov Poloz spoke with a dovish tone, despite this the market took a bullish stance on CAD leading to some short term strength. The probability of a rate hike in July moved from 90% probability to 55% probability and has left investors disappointed. Looking at the technical analysis we followed the higher timeframe uptrend leading to our upper ...