GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
VAST RESOURCES PLC ORD 0.1P, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, EUROPA METALS LTD ORD NPV (DI), UK OIL & GAS PLC ORD 0.01P, HERENCIA RESOURCES PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Harmonic Pattern Approaching D point.
Target based on 618 on Fibonacci Ratio (C-D)
Crude Oil H4 time frame- I prefer longs on oil due to the simple bullish structure on all timeframes targets 54
US crude oil longs in play - In my view, the weekly bearish trend is broken and the daily trend is now in a bullish structure. I see oil reaching 50s before stopping for another pull back then rallying again to 52s.
1.Daily Trend-line broken (uptrend)
2.Resistance broken support valid
3.Profit margin 1:4
4.Price action low on the curve
Price has rebounded off the range which has been established since March, at the same time RSI gave us a bullish signal by briefly dropping below 30 before heading back up.
Major Shark completion point: