The bear market is further opened up,
In the future to maintain the High-Short trading ideas.
Or Sell Limit 61.50
TP1 59.50
TP2 58.70
SL 62.80
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--------------------------------Ronnie 2019.05.06 in
1- crude is here near around it's trend-line ..
2- Crude Oil is above it's 50MA
3- RSI and price action showing us positive divergence ..
You may go long from here with Stop-loss of 50MA
Midterm forecast:
While the price is below the resistance 66.50, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A...
Oil prices remain volatile,
It takes patience to wait for trading opportunities,
The future trading method is shown in the figure.
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-------------------------------Ronnie 2019.05.01 in
Midterm forecast:
While the price is below the resistance 66.50, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A...
CRUDE HAS TRAVELED TO BUY TREND WITHOUT ANY RETRACEMENT FROM DECEMBER MONTH. SO THERE WILL BE A CORRECTION OF 500 POINTS AS TARGET 1 & 1000 POINTS HAS TARGET 2
Crude is nearing a very important zone here, Looking at last year's profile, we are appearing near a crucial low volume node ( marked in red zone).we should
1. either have a breakthrough the zone, then we are looking for a serious uptrend here or
2. look for a failure and a reversal from this area back into this years volume areas.
Oil rich Kuwait is investigating to new segments of monetary organization with India to execute Kuwait's improvement plans with less reliance on hydrocarbon.
Kuwait Ambassador to India Jassim Al-Najim, tended to national meeting as boss visitor in the esteemed Jamia Millia Islamia University in New Delhi. The tradition, themed "India, China and the Arab World...
