GOLD, BTC/USD, SP500, OIL Video Trading Plans. -Best places where u can open entries
OIL, Forecast, and technical analysis - Best place to open entry
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
I recorded why I opened buy entry on OIL and what Goals we can achieve.
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
In this video update, we take a look at WTI CRUDE OIL as price looks to extend its losses. If the monthly timeframe closes bearish as we should expect, further shorts look more likely. Looking at the 4hr timeframe price has stalled at the $55.00 level where we could see a short-term retracement into 57.20. If price tests this level we will look for short...
In this video update, we take a look at WTI Crude Oil as price formed a weekly bearish engulfing candle off the key $66.00. Looking to the 4hr timeframe we can see a resistance level at 64.60 where price could continue to move from. Look for bearish signals at this level of interest.
Video overview: - EUR/USD - GOLD - OIL - SP500
In this video update, we take a look at WTI as price has retraced back to the key $60.00 level. With price holding a 50% fib confluence at this level we could expect the market to move lower from here. The 4hr chart is highlighting a double top pattern and if price can break below $58.00 we should see some further short selling enter the market.
65% of crude oil demand is derived from gasoline, with economic conditions weakening we are now switching from supply side issues to potentially demand-side issues. Watch for lower levels of demand for Crude over the coming weeks.
Attached below is an update discussing the economic indicators that are weakening. Copper is confirming that this might feed on itself.
Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher. This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you...
Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward. The target for Wave 3 is above $7, section 232 announcement is in April.
Markets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent...
Demand is trending at a steady 1.5% YoY, the decline was entirely driven by supply-side shocks. The OPEC rhetoric to cut production is favorable for price big picture but the chart is suggesting lower first into an ideal target of $48.
Oil is likely headed higher over the coming months, but there are many challenges that lie ahead. In this update I breakdown the chart using Elliott Wave and Fibonacci as well as discuss some important global macro factors as well.