LuxALGO oscilator is a very good tool to make money. You just look at ALL TIME FRAMES . 1H was pushing the floor, 30m was pushing the floor. 4h was close to the floor. Technical Indicators are THE SALT OF TRADING! Like the SALT of Kite Surfing is JUMPING! We go down but NOT TODAY :)
Midterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 30.85 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
ANALYSIS ON WTICOUSD
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the West Texas Oil.
- Price below 200 day EMA.
- look for sell signals.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Stay Tuned
ANALYSIS ON West Texas Oil
Welcome to my analysis
-
2HR CHart
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Interesting Point of interest In the West Texas Oil pair.
- Price above 200 day EMA.
- look for buy signals.
- Expecting some minor downward movement.
- Watch 59.00 for take profit.
- MACD showing bullish divergence
Stay Tuned
Hey everyone,
This is my first published TA (USOIL on the weekly chart) with TradingView. My thoughts on this, is that oil will continue to head to the R1 Pivot Point, as this is used widely among floor traders. Oil companies have taken large hits recently, with oil being in the low 40's before climbing back up. The "happy median" for global oil prices is about...
West Texas Intermediate Crude Oil
Midterm forecast:
The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:
While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 54.65 on 12/04/2018, so more losses minimum to Buy Zone (51.30 to 49.50) is...
The trend is up. Crude is rising. Possibly to the heights of $75/$80 per barrel.
However, the Day supply zone allows a counter-trend position from ~$63 with a risk of 100 points. The reward on this, to the opposing Week demand zone is 700 points (7:1). This will possibly be where a reversal to the upside begins.
EP: ~63.30
SL: ~64.30
TP: ~56.30
R/R: 7:1
