Trading Investing is not about guessing. It is about having the ability to identify key areas and then manage risk. Obviously, my style is not I got 3 pips I am taking profits and I am out! On to the next trade. My style is about capturing big waves with a lot of meat on that bone. Set it and forget is far more profitable than the 3 pip Death by 1000 paper...
Slightly wide stop in case of further divergence but good low risk high reward trade on daily charts unless buy signal changes. This support area looks really good now for daily holds and profit taking on the way up.
02 Apr 23 OPEC+ made a surprise announcement to reduce its production starting May. The direction of the commodities price is always about supply and demand. With the China opening, there will be an increase in the demand for crude. The reduction on its production will likely cause crude to trend much higher. Video explained why crude to break above USD106. ...
In today’s market insights, I talk about what drives the #Oil higher and how have #Gold traders taken the positive US data and #Brexit headlines! Watch me analyse crude oil and the precious metal using as regular ElliottWaves! Timestamps XAUUSD 1H 01:25 WTI 1H 03:35 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market...
In today’s #marketinsights video recording, I talk about #crude #oil and #gold. Flows seem to have been affecting the two assets in different ways; potential oil production cuts were somewhat offset with #tradear narratives as China is asking the US to roll back September's tariffs, and gold slid lower on the back of a stronger dollar owed to positive #ISM data...
In today's #marketinsights video recording I analyse DXY and SXP! Equities look bullish and the US index bearish, from a technical perspective. On the (geo)-political front their prices are and could remain being affected by: - A somewhat dovish?! Fed - BoE and Brexit (BoJo visits EU today for talks!) - SA attack and expectations on reduced oil production -...
FOREXCOM:WTIUSD COT Reports Show Bearish Price Forcasting in the Near Future. Will Crude Break Below the $60 handle shortly? Techincals Suggest yes as well