Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
Crude Oil (WTI) looking to test the $66 zone
2019-11-11 • Updated
Crude Oil has been trading in a strong bullish bias during this week and it managed to break above the 63.00 milestone. Above it, we’re seeing a bullish formation that could confirm our current forecast of a cycle duplication towards the Fibonacci extension level of 100% at 66.15. Around that area, we could expect some declines to take place in order to reach the 200 SMA at H1 chart.
RSI indicator is off from the overbought levels, favoring to the pullbacks in the short-term.
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Besides US Retail Sales data, Australian Unemployment Rate and New Zealand GDP this week will bring us Quadruple Witching – one of the four most important days of a year for futures and options!
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...