Jump to content

Oil


Caseynotes

Recommended Posts

  • 9 months later...
  • 3 weeks later...

 Interesting oil chart from Michael Boutros's webinar this morning. 

 

He has taken the price action of the recovery after the 2009 major low and placed it on top of the most recent 2016 major low.

Good correlation and flagging up a possible correction coming soon. 

 

oil2.PNGoil3.PNG

 

 

Link to comment
Guest PandaFace

I remember trading 3LOI ETF at the beginning of last year when we were around the 32 USD mark. Probably a massively bad tradeidea but I went in a bit big and rode it out, booked profit, saw a pull back and ringed and repeat. Obviously you don’t want to hold too much with time decay but all in all... we had a good holiday that year.

Link to comment
  • 4 months later...

A look at the weekly chart of US Oil shows the 74 level is significant previous support turned resistance and the gap up to start the week shows a willingness to keep testing the zone.

Will be interesting to see how seriously the middle eastern OPEC countries take Trump's not so veiled threat that US military support in the region is not unconditional in his recent tweet and stating OPEC was a cartel and the price of oil was too high.

1402222161_USOIL()Weekly.thumb.png.743f0a89a8622461f81320d9c5e1ccfc.png

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • For the unfortunate souls who haven't yet experienced the sheer chaotic genius that is CatGPT, allow me to catch you up to speed. Launched in June 2023 by a UK-based team, CatGPT started as a bizarre novelty - an artificial intelligence model in the form of a megalomaniacal cat with lofty dreams of world domination. But this feline villain is more than just a simple ChatGPT clone. CatGPT's AI brain is imbued with its own fierce sense of individuality and personality, generating original meme-worthy content and communications with a sassy, acerbic tone designed to endear itself to its growing base of devoted followers. As a free-thinking human with a slightly unhinged sense of humor, few recent events in the cryptosphere have brought me as much joy as the listing of the CatGPT (CATGPT) token on Bitget exchange. This AI-powered meme token represents a wild new frontier - part performance art, part social experiment, and part actual financial investment.
    • Japanese Public Company Metaplanet just bought $6.25 million worth of #Bitcoin
    • FTSE 100 hits yet another record high while DAX 40 and S&P 500 resume their ascents Outlook on FTSE 100, DAX 40 and S&P 500 amid strong US earnings. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London   Publication date: Friday 26 April 2024 13:42 FTSE 100 hits yet another record high Foreign investor buying of the undervalued UK blue chip index led to further gains in the FTSE 100 which is trading at yet another record high. The 8,200 zone is now in focus, above which lies the 8,300 mark which is where the 161.8% Fibonacci extension of the March-to-June 2020 advance, projected higher from the October 2020 low, can be found. Support sits between the early-to-mid-April highs and Wednesday’s low at 8,046 to 8,003. Source: ProRealTime DAX 40 recovers from Thursday’s low The DAX 40 was dragged lower by its US counterparts following the release of much weaker-than-expected preliminary Q1 GDP data but overnight recovered on better-than-expected US earnings. A rise above Thursday’s 18,080 high would engage this week’s high at 18,238 ahead of the 18,500 region. Yesterday’s low was made along the 55-day simple moving average (SMA) at 17,815. Source: ProRealTime S&P 500 resumes its ascent The S&P 500 resumes its ascent, having on Thursday slipped to 4,990 on disappointing US Q1 preliminary GDP data, before recovering on strong earnings by the likes of Alphabet, Microsoft and Snap. The index is heading towards the 55-day simple moving average (SMA) 5,114 above which the April downtrend line can be seen at 5,146. Slips may find support can be seen around Monday’s 5,039 high. Source: ProRealTime
×
×
  • Create New...
us