High probability of a balanced trend on the oil market.Throughout the week , the oil market continues to be tight, we note that the bullish trend needs power , so we might see choppy market the next days.
Saudiarabia
TASI might hit 9000 After a Slight CorrectionTADAWUL:TASI could continue rising and reach 9000+ in few weeks after slight correction which is @ 7865.
Brent Crude - Looking Overextended Ahead of OPEC+ MeetingOil prices have enjoyed a remarkable rally over the last four months as the world has gone from entering the most severe wave of Covid-19 to rolling out vaccines and planning its final exit from the restrictions.
Efforts by OPEC+ have been key to this, including the surprise one million barrel cut from Saudi Arabia earlier in the year, which confirmed the group was committed to bringing the market back into balance even as the world starts to emerge from the pandemic.
But the next phase is arguably the most challenging for the group so it's so surprise that the week before the next meeting, we're seeing momentum slipping on the daily chart, even as prices are hitting new highs.
That kind of divergence is a red flag rather than a reversal signal but after such a powerful run and ahead of a meeting that could be challenging, a correction wouldn't be entirely surprising.
We could still see some more gains in the near-term but the closer it gets to $70, the more interesting the momentum indicators will become, given the psychological barrier and the fact it has historically been a key level of resistance.
The 4-hour chart shows that price is currently quite extended, with it being quite far from the moving averages compared to where it's traded the last few months. A move back towards the 55/89 SMA band would be very interesting, with it having been a key support zone all the way up. There have been small moves below at times but broadly speaking, it has been a key reversal point.
A break below this could signal a larger correction, although that may well depend on the outcome of next week's meeting and how positive investors stay in the face of rising yields.
LMT - Biden Admins Arms Sales Freeze...Shake It Off!LMT
12day, Weekly, Daily Set-up
ENTRY = 320
add = 305-266
1st Target = 354
2nd Target = 375
3rd Target = 400
HODL Target = 440+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
OIL Hello, receive a cordial greeting, you have the oil analysis at your disposal in the short term, you have marked supports and resistances.
Oil rises almost 2% and hits the highest since February awaiting the OPEC meeting.
Kind regards, Happy New Year !!! L.E.D
In Spain on 01/04/2020
The only problem for now is the less volatilityWith this simple price action, we can estimate that the market can go higher,
The major confirmation that we will need is to see a greater volume provided by the buyers.
Tihama Update - Buy & Follow the Fibonacci Levels-For Tihama the good thing to do is to follow the Fibonacci extension to well measure the extension of the current bullish move, so normally we should close at the level 63,09 or 64,64 and you can see that it match up perfectly with the resistances, but what is more logical in my opinion is to close at 63,09? SO STAY IN YOUR POSITION
Watch out closely in the next week We are near a strong resistance level at the price 17, be aware of it because this level is much respected from the last year, but if we saw again a gap in the price with a break of the price 17, then the market will repeat the previous bullish channel ,with a high probability
WE NEED TO RESPECT THE PRICE ACTION MOVEMENT TO STAY PROFITABLE WE NEED TO RESPECT THE PRICE ACTION MOVEMENT TO STAY PROFITABLE IN THIS MARKET,
Zein Analysis For The Next WeekI think that we are in a good place to buy but all we need is that the price must be up to 13,31 and then we can enter and put at least the level 14,07 as a target and it may vary regarding the behavior of the market in the next week
AN EASY QUIZ FOR THE NEXT WEEK I think that we should prepare to buy at the price 7,80 and put the price of 8,38 as a target and that may vary regarding the behavior of the market in the next week for the SL we can put 7,24,
PS: after the butterfly we saw that the market give us a strong bearish wave and then again the market did a remarkable correction with the breakout within the level 50% of the Fibonacci
Saudi Ceramic Analysis & Forecast We need a good candle in term of Body/Volume to judge that the market will change the trend
This is what professional do That would be an easy profit,
PS: the target level it is just a primary and may vary regarding the next behavior of the market
WE ARE IN A SIDEWAY POSITION AND WE NEED TO GET OUT OF IT ASAPWe need to get out from this sideway position to get a clear view about the market, but as a first view,
the market will breaks the upper of this range with a high probability
BUY AFTER THE RESTEST AT THE LEVEL OF 78%Dear all,
I think that we have to spot a good entry point within the level of 78%
kind regards
WAIT UNTIL YOU SPOT A GOOD ENTRY POINTWe need to wait further more until the market reach the range of the oversold profile then we can spot a good buy entry and take a wise investment
WE SHOULD BE OUT OF THE MARKET FOR NOW For now, we can't take accurate decision to enter in a buy position because we are in the middle of the recent price change action, I suggest to wait until the test at the oversold situation ( the green support ) and then we can buy after the market confirms our view
AGAIN TREND IS YOUR FRIEND After analyzing this bullish move we can state that the market really want to continue the uptrend and we are will supported also with the volume
I think that we can enter in the market, we can expect that the market will go up until the test of the red resistance trend line
TABUK ANALYSIS WITH WAVES AND VOLUMES, STAY OUT FOR NOWAfter seeing this strong bearish wave, it seems that we have difficulties to define the next trend of the market and also we have a lack in the volumes but anyway, we draw now this sideway range to tell that the market need to break the up of it and then we can buy, but if the market breaks the down of it then maybe we will comeback to the normal price variations.
