Theperfectionist

Theperfectionist

December 2018 marked the end of the bearish move where oil plunged nearly 40% from its 3 year high 77$. After a long recovery, a deeper downside movement of 10% was noticed, creating a clear Lower High. The move is still a pullback but can easily turn into a bearish run. Setup : Trend type - Pullback, Bull trend resumption at 65.30 Action - Sell now. Take profit...

Theperfectionist

Gold is still on a Bearish run even though it reached a support level and is consolidating. Unless it tops 1300.00, we are eager to short. Setup : - Sell Gold now. - Stop loss @1300.00 - Take Profit @1240.00

Theperfectionist

Oil has been bullish since the end of the year 2018, and with an average volume increasing from 1.5M contracts (1000 barrels) to 2.5M, its price gained 53%. This week more volume was noticed, a total of 5.1M contract, driving its value to 66.00$. Nonetheless, within the last two days, there was a strong bear pressure on oil, plunging it to the consolidation area...

Theperfectionist Updated 

Oil has been on a Bullish trend since December 2018 with a set of consolidation areas where big players load orders. The consolidation area has formed between 64.800 and 63.800 and is lasting now 2 weeks. Wait for an upward breakout of the 64.800 level to BUY. Setup : BUY after a breakout @ 64.800. Stop Loss @62.300 Take Profit @66.200 Technical : Upper...

Theperfectionist

Gold plunges in less than a month to reach back the low of the year 1275.400. Prices are actually in a strong consolidation and heavy movements may occur. Likely scenario : Bearish (SELL) Next institutional Level : 1260.00 Setup - Sell @breakout of 1273.00 (Year's low) - Stop loss @1278.00 - Take profit @1261.50

Theperfectionist

Institutions are loading up orders because the average daily volume remains steady (200,000 lots) and the price's range tightens. Setup : BUY after a breakout @ 1.34050 Stop Loss @1.33550 Take Profit @1.35320

Theperfectionist

Oil is continuing its bull run with a pulse of high volumes. The consolidation area has formed between 64.800 and 63.800. Since we are on a bullish trend, wait for an upward breakout of the 64.800 level. Setup : BUY after a breakout of 64.800. Stop Loss @62.300 Take Profit @66.200

Theperfectionist Updated 

Hi there. Here are my thoughts for oil movements : Crude Oil is on an overall bull run. The average daily volume traded is still constant, counting around 150K contracts and creating a consolidation phase. In fact, the daily chart displays several sideway movements with the following key levels : - A support @ 55.000 per barrel. - A resistance @ 57.500 per...

Theperfectionist

Hello. A retest back at the Daily Supply Zone and another rejection and Sell Opportunity for gold. Analysis : - The resistance zone @1300.000 - 1305.000 appeared to be a high pressuring area for sellers. - Prices are likely to dip back at the support levels of the weekly and monthly chart ( 38.2% retracement of the Fibonacci levels). - The mid-term target is...

Theperfectionist

Hi! Here are my thoughts for gold XAUUSD . - Gold is bullish since November 18th, 2018. Afterwards a solid pullback with a 38.2% rotation on the weekly and monthly chart. In fact, there was a failed breakout of the 1300.000 psychological level which was not more than a test of the downward trend on the daily chart since the high price 1348.000. Thus a lower high...

Theperfectionist

Hi! Here are my thoughts for gold XAUUSD. - Gold is bullish since November 18th, 2018. Then occurred a solid pullback with a 38.2% rotation on the daily chart.We have also reached a psychological and institutional level,1300.000. The weekly and monthly demand areas are aligned (Both charts show a Bull Run) and the reversal occurred at those key levels. In...

Theperfectionist

Hi there. Here are my thoughts for oil movements : - Crude Oil is on a bull run since December 26th, 2018. The 3rd rotation (Pullback < 20%) seemed to have failed. Moreover, the bullish momentum is still present and we might experience a long run continuation at key levels. The average daily volume traded is 150K contracts and has been constant since the bull...

Theperfectionist Updated 

Hi guys. Here are my thoughts for oil prices : - Crude Oil is on a bull run since December 26th, 2018. Prices are experiencing a 3rd rotation (Pullback < 20%). The bullish momentum is still present and we might experience a long run continuation at key levels. There is a strong resistance at 57.000 - 57.500. - Likely support levels would be 55.500, 55.000. - 3...

Theperfectionist Updated 

Hi guys (Ladies and Gentlemen). Here are my thoughts for oil prices : - Crude Oil is on a bull run since December 26th, 2018. Prices are experiencing a 3rd rotation (Pullback < 20%). The bullish momentum is still present and we might experience a long run continuation at key levels. There is a strong resistance at 57.000 - 57.500. In addition, yesterday March...

Theperfectionist

Hi guys. Here are my thoughts for oil prices : - Crude Oil has experienced substantial cuts from the major production countries and is on a bull run since December 26th, 2018. There is a strong resistance at 57.000 and prices are on a pullback and consolidation daily. - Likely support levels would be 55.500, 55.350 and 55.250. - 3 attempts would be the...