magnum375

magnum375

The Oil price bloodbath didn´t help Total price as we managed to close below the 2008 crisis level and we are moving to a next big support we didn’t see 20 years ago this level will be crucial for Total and the CAC 40 but for now unless we close above 28.75 on a monthly basis Total will eventually test 21.185 and we hope to rebond from there but for long term...

magnum375

AIR France KLM is on serious trouble due to the travel bans across the world the spread of the corona virus …..we are close to an all time low at 3.269 if we manage to go below it then I think 0 is the next target and things will get ugly for AIR France KLM we are now at 4.319 the next target is 3.269 if things get better we will rebond after we test 3.269 but if...

magnum375

We might rebound toward 4200 but the trend is still bearish and this monthly candle is scary... technically a bear market have 3 phases: we are only on the first phase where we assist of a fast decline on prices the second phase is like a bounce to retrace a little from the decline then the last phase where price continue their decline but slowly For me my...

magnum375 Updated 

We broke a weekly canal started in 2011 !!! and we managed to close just above a support at 4619 when we will break it then .... short now and try target 4012 this scenario is invalid if close above 5050

magnum375 Updated 

BUY BUY BUY to target 1700

magnum375 Updated 

Even if markets are facing a bloodbath ,Netflix, somehow is still holding for now but we might go down this week as we fail to break 382 again My strategy is to short now at 369 to target 328 first this scenario is invalid if we close above 390

magnum375 Updated 

WOW

magnum375 Updated 

We might comeback to 10400 but the trend is still bearish unless we close above it on a weekly basis buy now to target 10000 or wait for a close below 9270 to short

magnum375 Updated 

many popular traders here make false predictions but still gets many likes why ??

magnum375

If Deutsche Bank stock price close on a weekly basis below 5.90 then the bank will be in serious trouble ... need a bailout ? LEHMAN = DEUTSHE BANK ??​ Also the current ratio was always under 1 ​ Current Ratio = Total Current Assets / Total Current Liabilities​ The current ratio of a good bank should always be greater than 1. A ratio of less than 1 poses a...

magnum375

The Saudi Arabia Index formed a Head and Sholder pattern and broke the neck line, technically we should go to 5490 soon ​ So the OIL will also get down ??

magnum375

The USD/JPY retested 105.56 and failed to close above it this mean that 105.56 become a resistance so unless we close above it in a daily close the price will come back to to 102.36 You should short now at 104.35 and target 102.36 then wait for a close below 102.36 to re-short again this scenario is invalid if we close above 105.60 on a daily close

magnum375 Updated 

If we break this support then oil will be hammered again keep an eye on a close below 42.5 weekly notice the volume increase this week and last week for the short term we might have a bounce if we failed to close below 42.5 the momentum now is showing weakness in oil and volumes are supporting the downtrend so short if we close below 42.5 on a weekly basis but...

magnum375 Updated 

Short ,short, short ! unless we close above 51.30 target 47 then 45

magnum375 Updated 

After breaking a major support at 50.48 the WTI is heading to break another one at 46.12 the macroeconomic context is still bearish for the WTI as China the world largest consumer is on a shutdown A possible pullback is on now and unless we close daily above 46.12-15 the trend is still bullish and we will be heading toward 42.50 My strategy is to short now at...

magnum375 Updated 

the EUR/USD is on a strong resistance and might go down if we fail to close above 1.107 to test 1.099 my strategy is to short now at 1.1045 and target 1.099 first

magnum375

Same story for the DAX 30!!! A close just above a big support at 13000 what is going on ? ​ Well same strategy for the risk takers buy now with tight stop loss at 12965 ​ Or wait to short if we close below 12960 on an hourly basis

magnum375

Same here for the S&P 500 a close just above a support line at 3215 why all markets close just above a support ? ​ And also same strategy buy now with a tight stop loss at 3200 ​ And short if we have a close below 3200 on an hourly basis