Midterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 54.40 on 02/01/2021, so more gains to resistance(s) 62.30, 66.05, 70.35 and more heights is expected. Price is above...
Midterm forecast: 52.45 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 57.25 on 01/13/2021, so more losses minimum to Major Support (52.45) is expected. Price is above WEMA21, if price drops...
Buy Crude Oil At Cmp 3532, Strict SL - 3399 Target - 3850/4200 This is my 2nd call in addition of my previous crude oil buy call. Please see previous recommendation as well..
Midterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 52.38 on 12/18/2020, so more losses to support(s) 48.95 and minimum to Major Support (46.50) is expected. Price is...
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights is expected. Price is above...
Midterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 42.70 on 11/13/2020, so more gains to resistance(s) 54.40, 58.65, 62.30 and more heights is expected. Price is above...
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is...
Midterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 42.70 on 11/13/2020, so more gains to resistance(s) 48.95, 54.40, 58.65 and more heights is...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 34.60 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 65 is not broken, the probability of price increase would...
Midterm forecast: While the price is below the resistance 46.50, beginning of downtrend is expected. We make sure when the support at 36.95 breaks. If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
Midterm forecast: 39.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 39.70 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 39.50 on 11/05/2020, so more losses to...
Hello colleagues. Double top pattern for oil. If price will break through the nearest resistance zone by Wednesday next week, then the target for oil is 36. but I advise using trailing stop loss as oil goes oversold and the countries of OPEC may announce additional cuts to normalize the situation. Fundamentally the previous growth was associated with hurricane...
Midterm forecast: 41.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 41.70 is broken. Technical analysis: The RSI bounced from the resistance #1 at 55 and it prevented price from more gains. A peak is formed in daily chart at 43.65 on 10/15/2020, so more losses to...
Midterm forecast: While the price is below the resistance 46.50, resumption of downtrend is expected. We make sure when the support at 38.90 breaks. If the resistance at 46.50 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A trough is formed in daily chart at 38.90 on 10/02/2020, so more gains to resistance(s)...
Midterm forecast: 46.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: A peak is formed in daily chart at 44.15 on 09/18/2020, so more losses to support(s) 36.95, 33.80, 19.40 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 37.10 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 41.70 on 09/18/2020, so more losses to support(s) 38.85...
Midterm forecast: While the price is below the resistance 46.50, beginning of downtrend is expected. We make sure when the support at 40.00 breaks. If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 39.56 on 09/14/2020, so more losses to support(s) 41.70...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 37.10 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...