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  • Squawk / 11 July 2018 at 8:33 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Elliott wave Analysis: Temporary Pullback on OIL Points Above 76.00 by Gregor Horvat

    Crude oil is unfolding a five-wave recovery from June lows which are characteristics of an impulse, with current turn lower unfolding a temporary correction. We specifically see price making a contracting pattern from 75.23 swing high which in Elliott wave theory resembles a EW triangle correction, a slow and sideways price activity within two lines, which always unfolds prior to the final wave. That said, in our case this triangle unfolded within an uptrend, which means that a new leg into wave 5) can follow once fully unfolded.

    See here for the full article: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-temporary-pullback-on-oil-points-above-76-00/
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  • Squawk / 05 July 2018 at 5:31 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Crude oil and Gold by Gregor Horvat

    Crude oil is unfolding a clear, five-wave recovery from June lows which are characteristic of an impulse. We specifically see price at the end of wave 3) which is already showing signs of a completion at 75.23 level, from where a new intra-day drop followed yesterday. This dip to 72.60 can be wave A as part of a bigger correction within an uptrend, that can look for support and a turn higher around the Fibonacci ratio of 38.2.

    For the full article go here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/crude-oil-and-gold/
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    05 July
    Morris Morris
    Any confirmation by Indicators like RSI and Stochastics?
    05 July
    matsuri matsuri
    deeper correction will come later considering the number of long-short ratio on WTI...the higher it goes the harder it falls
    05 July
    Morris Morris
    The likelihood exist but would appreciate wave structure and Indi's view! Maybe the author can respond i.e. Gregor.
  • Squawk / 02 July 2018 at 8:25 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Oil Prices Driven by Thoughts of Excess Demand by Stephen Pope

    President Trump wants nations to stop importing oil from Iran
    This would impact global supply; Iran accounts for 5% of global production
    The impact of a successful ban on Iran and Venezuela etc would lift prices
    The outlook is bullish for WTI and targets $81/Barrel

    See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/oil-prices-driven-by-thoughts-of-excess-demand/
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  • Squawk / 30 June 2018 at 10:45 GMT
    Professional Technical Analyst / BSH Advisory
    India
    New week, new Month, new Ideas, new strategies... we are happy to say this we have an offer for new month as a new quarter starting..ask us for deals and details.

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    BSH Advisory
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  • Squawk / 27 June 2018 at 6:30 GMT
    Professional Technical Analyst / BSH Advisory
    India
    Crude oil trading at 70.80, rose above the 70.50 level on output concerns, where upside 72 level can be tested as trading above 61.8% or 69.30. For the day one can buy from 70 levels for upside 71.50-72 where downside support lies at 69.50 , a breaks will be a sharp fall till 50% or 68 level. Overall buy on dips is advised for the day.
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  • Squawk / 18 June 2018 at 7:29 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Oil Prices Wait on Opec by Stephen Pope

    Crude is under pressure as the markets awaits Opec
    It holds our attention as Opec produces 40% of the world’s total crude oil
    The Saudis and Russian’s both see a need to raise production
    President Trump has blamed Opec for recent price spikes
    Prices are set to be quiet until Thursday and Friday

    See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/oil-prices-wait-on-opec/
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  • 15 June
    fxtime fxtime
    Great piece Mike ...thx for the major events next week too :-)
    15 June
    MSO MSO
    Thanks Mike, very helpful. Last man standing, but standing strong ! Have a great weekend
    15 June
    Michael O'Neill Michael O'Neill
    Thanks guys. Have a good weekend.
  • Squawk / 14 June 2018 at 6:33 GMT
    Professional Technical Analyst / BSH Advisory
    India
    Crude oil trading at 66.60 technically trading with rising wedge under bearish flag where upside resistance lies at 67.50 or 200MA and downside wedge support at 65.50 a break can see a sharp fall till 62 levels. For the day one can sell from current levels till 67 for downside 65.50-65 levels as trend remains weak.
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  • 23 June
    Jadira F. Norton Jadira F. Norton
    Amazing:: Thank you::