Crude Oil Petroleum is behaving similarly to previous situations, just look at our previous analyzes. We are currently in a situation where the trading volume is decreasing in proportion to the price increase. So we can expect a correction. The place marked with the line is lower than the supportContinue Reading
Welcome to the last day of the month. Sessions from last week, as every month, showed that contracts were closing, so this week we have to be careful that new contracts do not take the profit from the entire month. Mark Douglas in his book “In a trance of investing”Continue Reading
Brent, WTI Yesterday’s oil volume analysis suggested a scenario that came true. There was a drop in the price on the increased volume, which indicated the appearance of the other party to the transaction, in this case probably investors who bought all the contracts. Now we are waiting for exactlyContinue Reading
Brent, WTI Black gold, as some call crude oil, is clearly undergoing consolidation. The volume of trading on this stock attracted my attention. Falling turnover when moving in one direction indicates no willingness to buy or sell the asset. This can be easily observed on cryptocurrency exchanges (I recommend toContinue Reading
Welcome to the next trading week. A quick look at the macroeconomic data, nothing concrete is visible, no data with a large impact on the market. Macro data only from Wednesday. So let’s check what is happening on the charts. EURUSD Last week I wrote about the currency pair havingContinue Reading
Welcome to the new week. Time to take a look at the charts. Mondays like to surprise, but since the morning I do not enter into a transaction, but I observe the attitude of investors. Let’s start! Petroleum Petroleum still unchanged. It is still in consolidation and we are waitingContinue Reading
For several months it has been seen that commodities such as oil are moving for no specific reason supported by macroeconomic data. I will add more, the recent data does not affect the price at all, which is why many investors have made a bad investment decision several times. AtContinue Reading
In the attached picture we can see that several countries have a holiday today. In such situations, I know from experience that market movements are either unnaturally large or very small. On days like today and on Monday, it remains outside the market and does not trade because it isContinue Reading
Gas did what we had assumed over a week ago, but with a slight delay. I expected a faster and stronger reaction to the designated levels. At the moment, I hurried a little and designated a channel that does not exist yet. I expect such a movement as indicated inContinue Reading
The crude oil that has been literally pumped for so long is now in a correction or even reversal. Such a conclusion can be assumed assuming that subsequent price peaks and lows are at a lower and lower level. At the moment, a short position should be considered, but inContinue Reading
