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Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $73.46 (Min) and $81.51 (Max). Contended Price Levels $78.10 - $81.60 High Volume Node & Resistance line - potential resistance $76.00 Resistance Line - potential resistance $73.46 Support Line - potential support Technical Analysis Fibonacci...

BlackbearTrader Updated 

Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $75.62 (Min) and $81.93 (Max). Contended Price Levels $81.00 - $78.00 High Volume Node - potential support $81.73 Resistance Line - potential resistance $75.62 Support Line - potential support Technical Analysis Fibonacci Retracement Breakout: The...

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Wall Street Investment banks are predicting various prices for the S&P 500 close at the end of 2024. But if the current 1-year Treasury Bill Yield is the same as the estimates then why bother buying the S&P 500? It would be safer buying bills and you may get an equal return. This piece of analysis will look at: Historical accuracy of Wall Street Banks S&P 500...

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Tomorrow will be the day the first trailer for GTA 6 will be released. It's been nearly ten years since GTA 5 was released and broke world records. The wait for GTA 6 can not be compared to another game. The hype and anticipation are off the charts. This creates a unique investment opportunity. Looking at the historical prices news related to GTA has created...

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Initially postponed due to member disagreements, the OPEC+ meeting is now set for Thursday. Discussions are poised to delve into the consideration of deeper oil production cuts. Analysts foresee the potential extension or intensification of supply reductions into the coming year to stabilise oil prices, which currently hover around $80 a barrel. While the...

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Last Monday we posted our weekly price prediction for Brent Crude Oil. The chart above is our analysis. You can see further analysis in our previous post. Our price prediction for last week was between $78.00 (Min) and $87.50 (Max). As you can see from the chart below our analysis proved true. The price stayed within the range. However, it followed the bearish...

BlackbearTrader Updated 

Most of the technical analysis from last week still stands true but I have added a new Fixed Range Volume Profile from the last peak and a resistance line from there as well. Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $78.00 (Min) and $87.50 (Max). Contended Price Levels $81.00 - $78.00 High...

BlackbearTrader Updated 

Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $78.00 (Min) and $84.50 (Max). This projection is based on a combination of technical indicators and historical price action. Technical Analysis Fibonacci Retracement Breakout: Last week witnessed a downside breakout from the 0.5 Fibonacci retracement...

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The price of Brent Crude Oil has fallen and tested the previous support level (Blue Line) outlined in the previous newsletter. Currently, we could see a potential swing back upwards. If the price breaks the support level, we could see a fall in price. However, I see the former as the more likely scenario, as the 0.5 Fibonacci level (Green Line) is also below the...

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Price Range Projection: Weekly High: ~ $86.58 Weekly Low: ~ $82.818 In the chart above, you can see the price on the 3-hour timescale, along with a fixed range volume profile. Weekly High Projection The fixed range volume profile (the horizontal histogram) is an indicator that can be used to show resistance and support levels. The red horizontal line in the...

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The correlation between Visa and Mastercard creates an interesting investment trick. I began this analysis not even looking for the correlation between these two companies' stock prices. But rather I was looking for some chart patterns using a stock screener. At the top of the list, these two companies emerged. As usual, I was going to go through the stock charts...

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Acuity Brands, Inc (AYI) is an industrial technology company. They provide lighting and building management solutions in North America and internationally. The company was incorporated in 2001 and is headquartered in Atlanta, Georgia. AYI is a component of the S&P 400 Mid Cap Index Market Cap: 5.968B Beta (5Y Monthly): 1.54 PE Ratio (TTM): 16.75 Average Volume:...

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Highlights There is a -0.70 Pearson Correlation Coefficient between the supply of bitcoin and its price. This negative correlation is more logarithmic than linear. As the supply gets closer to zero the price will rise quicker in raw numbers. This logarithmic relationship extended forwards in time to zero supply gives a Bitcoin price of around $460,000 There is...

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Brent Crude Oil has fallen quite far from its yearly high of $135. That was almost two months ago. Ever since the price crashed down to $100 in less than two weeks from the high, the price has been swinging very nicely between Fibonacci levels. I had done some analysis of that in a previous post. However, today I will be analysing two chart patterns that have...

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In the chart above AUD/USD has formed two Inverted and Ascending Scallops. These chart patterns look like the right side of an umbrella. The price quickly rises, before levelling off near the top in an inverted cup formation. The beauty of these patterns is they perform very well in both bull and bear markets. Breakeven Failure rate: 9% Average Rise:...

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In the chart above, Brent Crude Oil has just broken downwards from the 0.38 Fibonacci level. The second red line from the top is another level of support that oil has broken out from. Also, the Stochastic RSI diverged (Top Blue Rectangle). Since these events have occurred, the price of oil has been decreasing. If oil carries ongoing downwards to the 0.5...

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Company info Wave Life Sciences Ltd., is a clinical-stage genetic medicine company that designs, optimises and produces novel stereopure oligonucleotides through PRISM. It is developing oligonucleotides target ribonucleic acid to reduce the expression of disease-promoting proteins or restore the production of functional proteins or modulate protein...

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Company info Applied Genetic Technologies Corporation is a clinal stage biotechnology company that develops transformational genetic therapies for patients suffering from rare and debilitating diseases. Sector analysis for AGTC Both the AGTC and WVE in my other trade idea have the same sector. The main ETF for this sector is the Health Care Select Sector SPDR...