We had big move to the upside, however, it is going to create corrective structure. Expecting $8-10 price drop before we take another long shot.
Hope you benefited trading both side.
It's not a trading call just an idea how the market would move.
GOLD and OIL both are quite Bullish due to current economic uncertainty.
Buy the dips and keep long term targets to 33, 35, and 40.
Note, any impulsive moves to the downside will be short-lived.
With the economy reopening the demand for crude oil is returning to its normal levels and this means we can expect to see a further rise in oil prices. However, with rumours going around that the storages for oil are more full and supply is too high it is unlikely that we will see a full restoration of previous prices. This said it is likely that we see a touch of...
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I will begin WTI CrudeOil ZeroMarket Chart Analysis for May 12th .
30 minute chart / Neutral strategy.
Check the blue route and long position entry timing / price.
When the red parallel line...
USOIL / WTI - Update.
Created an equal high today after pushing higher. Then following on with a push down.
Need to see a pullback to the areas highlighted if we can and see it rejecting strongly we can look to sell OIL.
For now be patient and await some more signs.
IF we do not reject after a pullback and keep pushing higher we may be in for OIL coming in...
Will be keeping an eye on this one.
Gartley pattern forming on 1Hr Time frame on OANDA:WTICOUSD
The D Completion point ends right at a structure level and at a 50% Fib level from the bigger move.
Easy Money :)