GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS INVESTMENTS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, PROXAMA PLC ORD 0.01P, FLOWGROUP PLC ORD 0.1P, FERRUM CRESCENT LIMITED ORD NPV (DI), GLENCORE PLC ORD USD0.01
FTSE 100, DAX, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
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: