Brent oil is slowing down gradually, and if it breaks the lower channel of the bearish wedge, "black gold" will likely target 62
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Midterm forecast:
54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 64.83 on 02/18/2021, so more losses to support(s) 58.65 and minimum to Major Support (54.40) is expected.
Price is...
Premier Oil a UK oil contractor, doing well recently with OIL beginning to regain lost ground since covid. appears to have made a double bottom. technicals dont always work in your favour in Shares but its looking likely to my eye and as such has earnt a small percentage position in my stock portfolio.
With the growing bullish sentiments in the world oil market, price of WTI may hit the upper channel of the bullish wedge before there could possibly be a pullback against our earlier outlook on the commodity (as predicted last week, shown below). Also we have reviewed our target price from 67 to 73.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use...
Looking at Brent Oil (and WTI) monthly price chart, one cannot help but to see similarities in their price movement. While Oil bottomed out Jan 2016 ("y"), it then later makes series of higher-highs ("i", "ii") & higher-lows. Almost similar price movement is not displayed recently with price bottomed out in April 2020 & has just made a Swing-high (i).
Moving...
With OPEC agreed for a cut in production, the resultant effect on price has been bullish. In a couple of days, Brent oil likely to touch 56 level which could cause a pullback in price of oil towards 45 circa. Any price rejection for UKOIL from 45 level would likely lead to another rally to 68/70 mark in coming weeks.
N.B
- Let emotions and sentiments work for...
Hy dear traders and Investors. Hope you all are enjoying our trades and ideas.
Now we are to discuss about GBPUSD.
GBPUSD is moving exactly According our Analysis that we discussed in yesterday Predictions.
Now it has maximum Chances that it will go down to the price level 1.305
Keep in touch we will update further soon.
Hy dear Members hope you all are enjoying Good. Now we are here to discuss about NAS100 after Breaking symmetrical Triangle it stated moving up. And according our Analysis it will not stop here. It is almost going to sky level. Maximum Chances before 2021 it will Touch the Price level 13700.
Keep in touch we will update further soon
USOIL Is forming Rising Wedge. And now this is at a strong support level and it has maximum Chances that it will go down after breaking this Wedge and Support area. Because there is also a strong resistance available at uper side. We will wait for Breakout then we will put trade at this. Keep in touch we will update further soon .
NZDUSD is moving According our Analysis. Now this is under a small channel after Breaking rising Wedge. It has Maximum Chances it will go Down to the price level 0.69
We have SL at safe Point.
Always trade with Confidence. Keep in touch we will update further soon.
Hy dear traders and Investors. Hope you all are enjoying trading.
Now we are here to discuss about USOIL. This is exactly Moving According our Analysis from last few weeks. And Now there is a strong Support level from that is has completed Retesting. Now it has Maximum Chances that it will go up to the Price level 48 to 50.
Keep in touch we will update further...
USOIL Is also Moving According our Analysis from last few days. Now this is in Retesting Period. And it can touch Price level 43.60 that is a strong Support level. It has maximum Chances that it will bounce back from this price level.
Keep in touch we will update further soon.
XAUUSD is moving According our Analysis from last few weeks. Now this time XAUUSD is near to a strong Weekly chart resistance line and almost at the bottom of Channel.
Now here maximum Chances that gold will stay here for few weeks. Then it will decide where to go.
Keep in touch we will update soon
Midterm forecast:
46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 42.70 on 11/13/2020, so more gains to resistance(s) 48.95, 54.40, 58.65 and more heights is...
USOIL is forming Triple Bottom pattern and now this at strong support level. Here It will take a small Retesting then it will go Up to the Price level 50.
In Retesting it can touch Price level 41.5
Keep In Touch we will update further soon.
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Crude is making higher lows and higher highs and with dxy weakness already being seen this week, and the bullish engulfing 4h printing on the ema 89 and bullish rvi cross, that this might be swing low and it may be a good idea to go long
