Technical Analysis of Oil 1. Chart Description and Content The chart displays an hourly (H1) chart for crude oil futures (#CL). The chart combines Japanese candlestick analysis with support and resistance levels based on daily, weekly, and monthly...
Hey traders, here’s my quick take on EURUSD on the 1H chart So looking at the current structure, the market feels pretty bearish overall. You can see that price has been making lower highs and lower lows for a while now, which is a clear sign that...
Dead? Are you kidding me? People have been calling the top on USD/JPY since it was at 145. Every time someone says 'It’s a trap,' it goes up another 200 pips. The interest rate differential between the Fed and BoJ is still huge. Even at 0.75%, the...
The Hormuz Siege: WTI Scales $95.20 as Trump Rejects Iran’s Proposal Amidst a "Supply Shock" Warning West Texas Intermediate (WTI) crude oil extended its bullish trajectory for a second consecutive session on Tuesday, ascending to $95.20 per barrel...
Mastering the Fibonacci Channel: 1. What is a Fibonacci Channel? A Fibonacci Channel is a set of three or more parallel trendlines based on Fibonacci ratios. It consists of: A Median Line (100%): The central axis of the channel. Upper/Lower Lines...
