OIL PRICE EXPECTATION FOR JUNE 2019
Entering a new month - expecting an overall downward pressure on prices. The market has retraced already beyond 50% of the last uptrend, and would expect to see some profit taking at 61.8% level.
Expectations %
June bullish: 20%
June bearish: 40%
June ranging: 40%
**Please note the above material is for educational purposes only and not suitable for advise or for use of trading decisions**
Expectations %
June bullish: 20%
June bearish: 40%
June ranging: 40%
**Please note the above material is for educational purposes only and not suitable for advise or for use of trading decisions**
Nota
Having revisited this study - I have seen the 61.8% level was a buy region. The month of June kept trading in the expected trading range between 50% and 61.8% until the 19th, which was then followed by the strong rally. The 61.8% was tested a few more times - wonder if there is a next time: will sellers manage to sell through it?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.