USOIL if wedge break 12.21 is first target and if crude turns wildly bearish like Monday don't be surprised if it goes 5 to 6 dollars within a week for another test of 5 dollars.. Hoping if it breaks wedge downfall stops between 12 to 13...Always have 2 %of stop loss since USOil is so volatile...
Crude oil traded at -$40 per barrel and that is a historic move. It will go down in the history books. In this video, we want to show everyone how to track and analyze futures on TradingView, specifically future contracts in crude oil CL1! and CL2!. On TradingView, it's possible to study any futures market and break that market down by each month. CL1!, for...
4/17/2020 OIL weekly chart All the talking heads are saying how the C-19 virus destroyed the Oil and etc. The truth is the oil peaked in 2008 and it is looking to be completing a 5 wave structures down. Currently the oil is in 19 handle I can see Oil may go down to the 17 handle I can also say see that Oil met the minimum requirement to begin moving up from...
While very technical, also historic, dramatic and influential. When there is no market for a certain asset, we don't see a price decline, what we see is market failure. US oil prices plunged well below $0 which is the lowest level since NYMEX opened oil futures trading in 1983.
Oil prices are as shown below : Peaked at 1 July 2008 -147 $ plummeted to 35 $ Peaked at 1 July 2014 -107 $ plummeted to 28 $ Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $) Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $ So until July 1 2020 May be long after badly short.
This also needs to be understand by those who think that are trading just euro...Funds lock their positions in EURUSD with those in crude oil! Understanding the OIL, EUR/USD Correlation Read - chigrl1.wordpress.com Most oil exporting countries trade assets in USD, meaning, these countries receive a significant portion of USD inflows from the proceeds of these...
Gold bugs waiting for SPX (S&P) crossover. NOT ADVICE. DYOR.
hey guys, reading news outlets and ideas on tradingview, the forecasts are all bullish right now! people are urged to buy from any level based on the fundamental news. be very careful! though we truly see a dramatic shift and strong bullish rally this week, don't forget that technically the trend remains bearish! moreover, currently, the price is trading on...
3/30/20. Monthly chart Oil is trading lowest in decades and it seems to be completing an diagonal 5 waves down.
Update to previous post 31st January 2020. NOT ADVICE. DYOR.
Oil prices have dropped more than 50% in March (yearly performance is around-62,1%). Is it the end or are we going to see more downside movement? Let's assume this is another opportunity for joining bears, based on technical analysis (thoughts) you can see on the chart. How much lower can the price go? Can it reach the lows of 1999? My answer is: why not?...
For educational and demonstration purposes. Currently in bear trend; when watching for possible reversal it may not be an aggressive spike but it could look more like this. Just something to consider and study.
In this video I explain how you should be trading the current market movement and conditions. This video is more educational than anything else.
Ok so we've got a big selection of trades today... 7 active setups ! Enjoy the video!
HOW TO USE 200 EMA TO BUY COMMODITIES. 1 - 200 EMA standard measurement of bullish or bearish trends in commodity market. 2 - MA breakouts have multiple false breakouts. 3 - Wait for a breakout and then a retest of EMA. 4 - Buy at breakout of high of breakout candle. If you want to predict which commodity trading levels are worth to base your trade-off, then...
Looks like market finally broke out to the upside, a long-awaited move.
Just an observation to help guide. Trade at your own risk..