03-02-2018 11:09 AM
same chart as eur usd , can't say sellers there. Tops and bottoms is little information , little info can be dangerous.
03-02-2018 01:27 PM
I can see where @elle is coming from.
The oil chart is at an interesting juncture. I accept it could go either way and it may just be a slight pause before the next leg up due to supply restrictions.
However, going forwards there are advances in alternative energies that mean the world could be less dependant on oil than in the past which does not bode well for the oil price long term.
A shift is slowly occurring and it may take many years but my personal opinion is that the demand for oil will decline.
12-02-2018 06:52 AM
It's had a pull back, but as you can see from the lines , it's still in an uptrend. If it makes a more significant lower high, then a reversal may be on. I thought it might least reach that upper white line before reversing, but as my previous charts showed I saw the reversal happening before that
12-02-2018 07:44 PM
I can see that Crude Oil prices have broken past the support. Going through the 59.00 level was key. It will be interesting to see if prices test support near the 50 day moving average of around 57.00. There looks to be a upward trend line that is around the 61.75 level. For me momentum is going to be important. It seems a little bit negative to me.
19-02-2018 09:01 PM
Buyers are aggressive on the Oil, but the upside of the price action is limited by fundamentals and technicals factors.
I will be looking for a swing trade to the down side.