BCOUSD - Expecting to see a nice bounce back to 75 area
BCOUSD went to a low of 53.55 with a steady upward monemt now at 57.70, my fractal method shows a sharp movement north to 66.00 although a pull back at this point should be action to look for, I see a slower continuation north to around the 74.00 region
We expect Brent's move for this week is upwards. As Brent is a volatile product, we use lower leverage than our usual. Entry: 65.2 Stop-Loss: 64 Target: 67.6 Have a nice week! Follow for more.
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic is also approaching support where we might see a corresponding bounce in price....
BCOUSD approaching support, potential bounce! BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic is also approaching support where we...
Espero que os sirva y a ver si se cumple, lo he analizado hasta mayo, en el caso de que vuelva a coger tendencia alcista sobrepasando la tl lo volveré a analizar y esparé a un posible retroceso y un buy, también habrá que tener en cuenta las fundamentales. Y en este caso he utilizado el retroceso de fibbonacci para marcar en las zonas en las que se resistía el...
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk....
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk....
After confirmation, take profit between 73-78
BCOUSD is approaching our first resistance at 72.09 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.70 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal swing low support). Stochastic is also approaching resistance and seeing a...
BCOUSD Brent Oil long swing trade setup 4H based on fundamentals and volume pushing higher. Entry on pullback into fib zone as shown on the chart.
BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement , horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in...
BCOUSD is approaching our first resistance at 68.73 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 66.34 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might...
BCOUSD is approaching our first resistance at 68.737 where we might see a corresponding drop in price to our first support at 66.345. Stochastic is also approaching resistance where we might see a corresponding drop in price.
Key level to look out for, please refer to our 4 hour chart for a strategic view!
BCOUSD has uptrend Channel. Waiting for buy signals on small timeframes.