Oil - April Chart - Supply Zone

Dilihat 363 kali
363 3
Prices traded in a tight range last week but have found strong resistance at the 54.6 level. So far the daily demand line has seen 3 bounces and will likely be tested again by Wednesday. Although prices rallied on the unexpected neutral reports last week I doubt we will see another week of the same; as well, the DX seems to have found some temporary footing and I believe that although March rate hike sentiment is low that it will still bring out potential fear, pressuring oil and elevating the USD. I am looking at 54.30-54.75 as a selling zone and on a break of the demand line will look for a retest of the Last Point of Demand - targeting 52.36 after which I will look for prices to validate the demand/supply exchange and retest the 53.30 level.

Good trading all! Comments and questions are welcome!
Komen: Prices have close below and broken the 14 week demand line. With rate hike sentiment increasing which should continue to elevate the DX and pressure oil prices; I will expect continued breakdown and am looking for TP2 short term after which i expect some consolidation in the lower trading level.
Komen: If we see further breakdown; these are my assumptions of lower consolidation over the next 5 trading days
Komen: Target 1 reached; still waiting on target 2: If you are not already active in this short please see next weeks chart for entry level:

Komen: TP2 target reached; taking profits is always a wise move and that is what I would advise; however I am holding short as my downside targets are much lower; this trade is closed; see my larger short target here:
Thanks very much for sharing your charts and analysis. I am learning much! I look forward to next weeks chart.
smitheric1970 stockguitar
@stockguitar, Thanks much for you comment, I appreciate it! The last chart on this page is for next week; comments are welcome.
stockguitar smitheric1970
@smitheric1970, Thank you for the kind reply and clarification!
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar