mustafabeercan

mustafabeercan

I believe that we have been in a slow oscillating move to the high of $64.50. Which is a previous resistance area. The flash news of Israel planning on attacking Iran nuclear facilities caused a rally on the daily open. The markets viewed that this appears to be very unlikely to occur. Price then hit the daily resistance area and started to fall since reaching...

mustafabeercan

Seeing how this move plays out. A base is created in December 2024. Price falling below $70 affected the commodity and a new base price formed. The markets are trying to recover from a long period of low income and low margins. We have started a new cycle.

mustafabeercan

Facts we know. SPR is to be filled by Trump's declaration. Everyone is in debt from low oil prices. There will still be disruptions. No one now wants to increase oil output to force it below a reasonable manufacturing base cost. I don't think countries will take kindly to threats of tariff's and imports are a regular way of life. Price might go up, it might go...

mustafabeercan

The $ marches on..

mustafabeercan

Or bashing away at taking the next highs

mustafabeercan

Following a big sell off now could see a reversal back up to higher prices

mustafabeercan

Still quite a large sell off going during to current risk status

mustafabeercan

big sell off into safe zone, high probability of a reversal

mustafabeercan

early signs of rejection from the lower prices could be the begging of a retrace before heading back down

mustafabeercan

bouncing out of supply zone and top of channel. waiting for it to come back down before taking it up again

mustafabeercan

Expecting a pull back before new high's can be made

mustafabeercan

some reversal and then up we go again? potential to reverse at the next significant supply zone

mustafabeercan

looking for a pullback and up.

mustafabeercan

now creating new higher lows? Time to push up?

mustafabeercan

Still in a significant up trend, potentially now entering into the 4th waye up

mustafabeercan

Quite a bounce from the supply zone, though we don't yet have new LL. Shall wait for it to retrace down before considering a buy. Sell only if it gets back to the Supply zone

mustafabeercan

After a monster move, we have a deep retracement below the last small retacement. A potential for a reversal if it weren't for the candle showing rejection.

mustafabeercan

After a long sell off we send the end of multiple waves to the downside with signals there are moves back up.