As shown in the chart. SL 1720, TP 1573.
As I mentioned on last Friday to long USOIL, I think you got some decent profits. I am aiming to close 70% of my longs on 25.26(the 1st resistance line). An ideal TP would be around $28, where I would close another 20% on my longs if that target is reachable.
As shown in the chart. Support broke, and the target price is still around $6,300. Stop loss at 7600.
As shown in the chart. Long 23.33, SL21.5, and TP 27.
Hello: As I mentioned in the last post, I closed most of my longs at 27, and I think that last bounce was wave 5 already. I think oil is going to be bearish in this short term, and engaged a decent amount of shorts to hedge my portfolio(overall its shorting oil at this moment.) I think oil is probably going to dip to 24.2 level, and if you want to play...
Another great opportunity to open more shorts. I am excited to see price approaching to the target price (1695 ish). My suggestion is to open shorts at the higher end of this wedge, and wait for huge downsides! Target price is 1580ish. SL at 1720
As shown in the chart. I think the USOIL has created an extension instead of a 5 waves run. In other words, I am confident that there is going to be at least another bull run before more downside. I added at 25.27, which was where wave 1 reached. I am patiently waiting for oil to rebound to 27 again, and will close 75% of my long position at that level. Good luck
Although I am a big fan of platinum, I gotta be honest that future dips are approaching this metal. The negative slope has become a steady resistance level, and platinum is once again rejected from the resistance line. I opened new shorts on that level and is patiently waiting for more dips. My TP for Platinum is $605, the lower end of a big range formed a long...
Hi: I know these few days are hard for bears, but I think it's interestingly noting that NQ price is having a hard time to cross 8200, the .5 retracement level. This level is the key. We have to see if 8200 becomes a resistance level or not for predicting future moves. But I am confident that this should be where the rebound is about to end. The unemployment...
Ascending wedge in the short term, which I think XAUUSD might fall to 1572 range, which was the previous (4) wave area.
As shown in the chart. Short term price cut to 27 just to realize my profit from longing since $24. I will close around 35% of my USOIL just to cash in. A logical TP still sits at 31ish.
I think there is currently an ascending wedge and a huge resistance level at this moment. I would short now and set the target price at around $6,700.
As shown in the chart. Target price 30. SL at 23.2
As shown in the chart. Bearish on Gold. Target price 1470.
Crash from 1929. Might work for the current situation.