Oil is Still a Good Buy at this PriceThe Price of Crude Oil has recovered after an awful 2020 year. With a new president elect bringing new sanctions, there is a lot to like about oil even above $60 a barrel. The massive decrease in supply due to the shutting down of the Keystone XL, will cause a continued uptrend overtime, similar to the one we are currently seeing regardless of demand (which is relatively low all things considered). As mentioned before while oil hasn't seen a huge relative shift in demand since late 2020, with airlines and cruisers opening on a larger scale as the corona virus vaccine is distributed in many first world countries, a continued adjustment of price is likely to follow these reopenings. Furthermore, with similarities in policy between Joe Biden and Barrack Obama, Oil could be worth $90 a barrel again by 2023. This of course would be a result of a full reopening which seems clouded at the moment by new COVID cases occurring, but a direct result of this is a slow recovery of the dollar and this is what allows for this thesis to be more sensical on a short term basis. Between inflation rates and economic scarring, as well as the fact there is a new stimulus bill on the way, the US economy is receiving large amounts of money inflow thus drastically chaining the value of the US dollar, while the impact may only be a small hitch to overall recovery of the dollar, the near term liquidity in cash across the US makes has made for higher prices across the board (Gold, equities, consumer goods). Yes $90 a barrel seemed unlikely/near impossible a year ago but things have changed since then and with new policies (may they be energy friendly or not) oil is bound to see a bounce. My projection would be $75 a barrel by the end of 2021 and possibly $85-90 by the end of 2022 be that if my thesis holds true.
US
February 22 NASDAQ US100 Chart Analysis
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In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for February 22.
This is a 30 minute chart short position strategy.
From the current position,
* Red path arrow,
Short -> Long switching strategy.
Stop loss break away the red support line.
The target value is the break through the green resistance line.
If not, short position switching.
* Sky blue movement path finger,
Long -> Short -> Long switching strategy.
Break through the green resistance line, stop loss.
Failing to break from the red support line moves sideway move.
Final blue support line / long position entry,
This is the major support line.
That’s all for today’s strategy.
I'll see you in the public analysis on Wednesday.
Thank you.
Why I Don't Fear A Market Crash...Check out the Coronavirus Crash on the Nasdaq Daily...
If you were to have rode this up from the daily breakout, you can can see the daily movement of each candle. As soon as I know the daily candle is falling below the 50MA I'm closing my position and locking in the profit. Then I'll wait and see where the market goes from there.
Individual stocks can bottom out like they didn't exist, but established indexes and ETFs like the Nasdaq for example, are not so easily tripped over.
NASDAQ US100 Chart Analysis February 19
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for February 19.
It's a 30-minute chart neutral strategy.
Based on the green support line,
It seems that the direction will be decided.
* When the red arrow moves,
Long -> Short switching strategy.
The stop loss is the green support line.
In the section in contact with the sky blue finger,
It looks like a direction will come out.
* When the sky blue finger moves,
Short -> Long switching strategy.
Stop loss when entering a short, red resistance line
When switching long, the stop loss is the red support line.
Likewise, in the spot where it touches the green arrow section,
Direction is determined.
Today's strategy will only proceed to this point.
Thank you again this week.
Thank you.
Shorts Only price broke into support and I waited for a pullback into supply zone, price pulled back as expected and I again waited for a sell confirmation... Price gave us a long/strong bear candle 7/10 times price retrace before continuing in it's expected direction. I will drop down timeframe and try to catch the move.
Stops and Target are made visible in the screenshot above. Have a profitable trading week.
USOIL - SHORT - Channel Resistance Price is within an ascending channel and has hit channel resistance. We could draw up a trendline which has broken. Best way to enter is wait for a correction and enter on break of correction with stops above the correction.
Oil is known as the devils pair so be careful! Trade safe.
EURUSD 2 POSSIBLE OUTCOMES. THE CHOICE IS YOURS...THERE ARE STRONG RESISTANT LEVELS. BULLISH MOVEMENTS TOWARDS THESE RESISTANT LEVELS. DEPENDING ON STRUCTURE IF CANDLES DO NOT CROSS BACK OVER THERE IS STRONG POTENTIAL FOR A UPWARD CONTINUATION. TECHNICAL ANALYSIS ONLY. BASED ON FUNDAMENTAL ANALYSIS,STIMULUS IN THE US COULD DRIVE THE DOLLAR PRICE DOWN ONLY CAUSING MAJOR GAINS FOR CURRENCY I.E GBP, JPY, AUS, CHF AND CAD. HAVE A LOOK AT CORRELATION BETWEEN COMPETING MARKETS AND MAKE YOUR DECISION, I AM WAITING ON EITHER BREAK OF STRUCTURE OR STRONG BULLISH CANDLE / HAMMER. (DISCLOSURE THIS IS NOT A SIGNAL THIS IS JUST A PERSONAL INTERPRETATION OF MARKET MOVEMENT)