Forwarded from Crypto Trades
Gold, Oil, SPX500 - all are starting to fall, with Oil leading the race. Dead cat bounce after beginning of March dump lasted for 30 days and now comes to an end, opening retracement stage.
We all know what happened on March 12th. Crypto King was strong, but dumped harder than ever before within last 2 years.
Do you think BTC halving will save crypto or Bitcoin will follow?
@WiseForex #Oil #Gold #SPX
We all know what happened on March 12th. Crypto King was strong, but dumped harder than ever before within last 2 years.
Do you think BTC halving will save crypto or Bitcoin will follow?
@WiseForex #Oil #Gold #SPX
Wise Forex & Stocks
Brent hit 18.10$ 😱 Two targets done ✅ @WiseForex #Brent #Oil
Brent reached last target support zone at 16.65. Bounced from ~16. I feel we might see it consolidate within this area, but too early to say it won't fall lower after this.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Brent Oil at daily showing signs of bulls weakness. Another bearish factor for whole world economy, as oil represents world health now.Nearest support at ~43.5
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Brent Oil at daily showing signs of bulls weakness. Another bearish factor for whole world economy, as oil represents world health now.Nearest support at ~43.5 @WiseForex #Brent #Oil
Sorry for long absence, took a vocation, as didn't see any possibility to have one in the nearest future.
Look at Oil chart. 20 days ago I've noticed bulls weakness and now we witness retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back.
@WiseForex #Brent #Oil
Look at Oil chart. 20 days ago I've noticed bulls weakness and now we witness retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back.
@WiseForex #Brent #Oil
Brent Oil bounced. Now approaching pivot resistance around 43.33-43.5
If pullback will bounce above 41 USD, that will be a positive sign. If fall lower, Oil will retrace to ~37.8. But all that yet to come. Right now Oil price is acting very bullish. Can see it reach 44.4 easy.
@WiseForex #Brent #Oil
If pullback will bounce above 41 USD, that will be a positive sign. If fall lower, Oil will retrace to ~37.8. But all that yet to come. Right now Oil price is acting very bullish. Can see it reach 44.4 easy.
@WiseForex #Brent #Oil
Closer look at Brent and link to OPEC meeting roundup.
JMMC focuses on market stability and full conformity
@WiseForex #Brent #Oil
JMMC focuses on market stability and full conformity
@WiseForex #Brent #Oil
Wise Forex & Stocks
Closer look at Brent and link to OPEC meeting roundup. JMMC focuses on market stability and full conformity @WiseForex #Brent #Oil
Oil got a huge bearish doji on last attempt to grow above $42, so things are pretty bearish in this field as well. Next stop is at $40.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Oil got a huge bearish doji on last attempt to grow above $42, so things are pretty bearish in this field as well. Next stop is at $40. @WiseForex #Brent #Oil
Oil reached 38.8 support level and the way it evolves I think we may see 37.85 soon as well. That is lower low at daily and signal for bear trend continuation. Same as in Spring, all the companies connected with oil or travels hurt the most.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Oil reached 38.8 support level and the way it evolves I think we may see 37.85 soon as well. That is lower low at daily and signal for bear trend continuation. Same as in Spring, all the companies connected with oil or travels hurt the most. @WiseForex #Brent…
Expect oil to bounce from 42 support up to 42.8. After that either breakout back to 43.5 or rejection and re-test of 42 with potential dump lower. Depends on situation with COVID in the world. Since vaccine is expected not earlier than in the end of the year (unless Trump speed up the process), we may expect it to drop.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Expect oil to bounce from 42 support up to 42.8. After that either breakout back to 43.5 or rejection and re-test of 42 with potential dump lower. Depends on situation with COVID in the world. Since vaccine is expected not earlier than in the end of the year…
Brent Oil tachycardia between 39 and 43. Although this time I doubt it will return back to the top of that channel.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Vaccine news are pushing Oil higher and Trumps attempts to blame everyone in his loss dollar lower.
Next support for DXY at 89.
@WiseForex #DXY #DollarIndex #Oil
Next support for DXY at 89.
@WiseForex #DXY #DollarIndex #Oil
Stocks and Oil closed last week bearish. Same logic here - beginning of week bounce, but on later stages possibility of further dump stay high.
Both charts within uptrend so until we see lower high and lower low there is no confirmed risk of retracement. But being prepared and know the big picture is important for trading. Like not buying stocks on Monday/Tuesday bullishness. Wait till SP500 show some real intention to continue uptrend.
@WiseForex #SP500 #Oil
Both charts within uptrend so until we see lower high and lower low there is no confirmed risk of retracement. But being prepared and know the big picture is important for trading. Like not buying stocks on Monday/Tuesday bullishness. Wait till SP500 show some real intention to continue uptrend.
@WiseForex #SP500 #Oil
Wouldn't say that stocks are bearish, but that chart is losing bullish momentum and in case of drop below 3888 will continue lower to ~3800-3850.
Oil definitely going lower. New wave of lockdowns push it down.
Dollar Index rising forming an uptrend. Yet early to confirm it but moving averages are all grouping upwards so that will make stocks/crypto life harder.
@WiseForex #SP500 #DXY #OIL
Oil definitely going lower. New wave of lockdowns push it down.
Dollar Index rising forming an uptrend. Yet early to confirm it but moving averages are all grouping upwards so that will make stocks/crypto life harder.
@WiseForex #SP500 #DXY #OIL
Wanted to joke about Black Friday sale, as everything crashed including stocks and oil. But then I noticed that Dollar Index retraced a little as well so its not DXY fault anymore. News gave the answer - the most heavily mutated version of COVID was found in South Africa. Potentially it can become the most dangerous variant yet discovered.
Although new COVID variant isn't yet fully studied and might not be that bad as the fear about it, but it is enough to send global market into another correction wave and based on what I see on S&P500 chart we may see at least two weeks of bearish price action. This is how I see global market for the nearest two weeks time.
@WiseForex #DXY #Stocks #Oil
Although new COVID variant isn't yet fully studied and might not be that bad as the fear about it, but it is enough to send global market into another correction wave and based on what I see on S&P500 chart we may see at least two weeks of bearish price action. This is how I see global market for the nearest two weeks time.
@WiseForex #DXY #Stocks #Oil