Dear Traders, Due to sanctions on Iran and Venezuela, attacks on Saudi- and UAE-owned oil tankers and US/China trade talks, the WTI had a big drop.
Dear Traders, The WTI has formed a strong descending trend line indicating bearish pressure. However, there is an inverted Head and Shoulders pattern looming at support.
Dear Traders, The WTI has formed a leaned head and shoulders pattern which is bearish below the POC zone.
Hi traders, The Oil uptrend continues to march higher after breaking above the 50% Fibonacci retracement level. The next Fib resistance zone is the 61.8%, which is the last area
Hi traders, Oil is in a bullish channel but a strong 50% Fibonacci level could stop the trend from moving higher. The resistance level is a key decision zone for
Hi traders, Oil showing a bullish break above the resistance trend line (dotted red) but the space is limited due to the 38.2% Fibonacci resistance level of wave 4 vs
Hi traders, The WTI stands at important POC zone. The confluence should provide the market with either renewed selling or a bullish breakout
Dear Traders, WTI is trading at interesting price levels, which present a good trade setup opportunity. Today’s post will provide a technical analysis of WTI and a potential trade setup.
Dear Traders, WTI Oil continues to be in a corrective mode, but exciting trade opportunities lie around the corner nevertheless. Today’s post will provide wave analysis for WTI and highlight
Hi traders, USD/CAD is in a key decision zone and it will soon decide whether price is building a small bearish retracement for more uptrend continuation or whether a larger
Dear Traders, WTI had a wild ride since its January 2018 high. Price is beginning to show signs of renewed selling pressure. Things are looking bearish in the short-term. This
The BOC will release important data today. The interest rate at which major financial institutions borrow and lend overnight funds between themselves (Overnight rate) and BOC statement will make all the
The WTI is in uptrend but we clearly see a retracement on the 4h timeframe. At this point it is important to see what the pair might do in terms