Friends,
While the predictive/forecasting model is posting an early bearish market reversal signal, there are also fundamental and technical reasons to consider a potential bearish downturn in this $GBPCAD pair
FUNDAMENTALS:
Central bank decision regarding UK is expected to maintain interest rates unchanged. This implies that $GBP won't gain rally without...
Hello Everyone,
After a long period of Consolidation in a Symmetrical Triangle, The Crude finally broke out to the downside and did a major drop. So big that it worried a lot of countries feeding on the black gold.
Nowadays it feels like people are no longer fan on commodities. They'd prefer more of the greenbacks than golden back-and-fronts. As you see...
Hello guys,
After the recent break of crude oil out of a really lengthy consolidation phase (Triangle), as anticipated we're seeing lower lows ever since.
This trending environment makes every Elliott Wave trader happier than any other time.
In the previous 14 days we've been sitting in the retracement of the recent down-move.
We're heading towards a sweet...
SIMPLE CHANNEL SUPPORT BUY TRADE.
If this week it gives a close over 87, shall be very bullish and attract massive up move towards the neckline levels of $91 and then few corrective pullbacks to 89, and the next move shall head to $100 in the medium term.
Protective stop loss can be placed either just below the weekly low or at $77 levels.
Lower risk and Higher...
Friends,
Lots of talk at the moment regarding the uncoupling of geo-political events that would have pushed price of oil further up, in contrast to the current sustained decline in price seen in both US domestic and Brent crude oils. Over-production, increased reserves, or political manipulation ... There is a taste for everyone seeking an explanation.
OIL...
The Brent oil (UKOIL) 4H Diagram Technical Analysis shows the following:
The UKOIL price has made a long term decline under the resistance red line. This resistance line is under the KUMO, which means that the UKOIL is bearish in long term. The weekly diagram shows bullish trend and the monthly marginally too. Monthly diagram is likely to follow an symetric...
