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"Top and Bottom Analysis" NATGAS by ThinkingAntsOk4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is inside an ascending channel -Currently, the price is against a Major Support zone and facing the lower trendline of the ascending channel -We draw a descending trendline, we expect that to be broken before taking any long setup. Based on this if price closes above 2.597 we expect a continuation of the bullish movement towards the upper trendline of the ascending channel at 2.723 MULTI TIMEFRAME VISION: - Weekly: -Daily:
OANDA:NATGASUSD
by ThinkingAntsOk
Bullish signs from Iron Ore Futures 3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more likely. Before getting too far ahead; look for a lower trend-line bounce first. This is a 100% technical analysis and no element of fundamental analysis was considered. I am not a professional trader and my analysis if shared simply to further my own education.
I
by flyinkiwi10
Oil Technical Analysis: OIL slumps to 2-week low near $62.00 The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area. Another side of OIL Stable 62.60 level buy this position, Target 63.50 and 64.00. Oil Resistances are seen at 64.00 and 65.00 level. Daily SMA100 55.66 Daily SMA200 60.56 Previous Monthly High 60.78 Previous Monthly Low 54.79 Daily Fibonacci 38.2% 65.45 Daily Fibonacci 61.8% 65.76 Today last price 63.02 Today Daily Change -2.12
OLong
by Saleh11
WTI OIL Volume Analysis hey traders, wti is still in a clear uptrend. and now the market is approaching multiple structure resistance levels looking left. Take a look at volumes, though on 11th of April we had a very calm trading day, we see a selling volume spike. Smart money started to sell and assets are changing hands. Despite the fact that the market has made a new higher high, we see one more selling volume spike. Volumes do not confirm the uptrend anymore. It is a warning sign for us. Now, let's wait for a bearish breakout of a rising channel. it is a very good confirmation signal. 60 and 58 are support levels for your targets.
FX:USOILShort
by VasilyTrader