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CRUDE OIL – Futures: Bullish Pin Bar Sign
Value Motion: Value shaped a Bullish Pin Bar Sign in a single day.
Value moved larger from the latest Bullish Pin Bar Sign that had shaped late final week (We didn’t contemplate buying and selling this sign).
Value moved larger from throughout the vary of the latest Bullish Tailed Bar Sign that had shaped simply above the $95.43 short-term assist degree over three weeks in the past (We urged buying and selling the pullback to this sign within the Might 1st, weekly publication and hopefully some merchants received on board).
Potential Commerce Concept 1: For extra aggressive merchants, we’re contemplating shopping for on a retracement decrease to throughout the vary of the present Bullish Pin Bar Sign.
Potential Commerce Concept 2: We’re contemplating shopping for on a retracement decrease while value stays above the latest Bullish Tailed Bar Sign that had shaped simply above the $95.43 short-term assist degree.
NOTE – You’ll be able to commerce CRUDE OIL Futures by way of the buying and selling platform we use HERE.
BITCOIN (BTCUSD) – Money: Promoting From Bearish Pin Bar Sign
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Value Motion: Value shaped a Potential Bullish Multi-Bar Fakey Setup, in a single day (We’re not contemplating buying and selling this setup).
Value briefly moved larger from the Bullish Lengthy-Tailed Pin Bar Sign that had shaped final Thursday (We didn’t contemplate buying and selling this sign).
Value moved considerably decrease (Virtually $4500) from the Bearish Pin Bar Sign that had shaped on Tuesday, Might tenth (Earlier than reversing up), (We urged buying and selling this sign within the Might eleventh, members each day publication).
Value considerably moved decrease from the A number of Inside Bar Sample that had shaped simply above the $37559 prior short-term assist degree (Which is now a Key resistance degree and an Occasion Space) round three weeks in the past (We urged buying and selling this sample within the April twenty ninth, members each day publication).
Potential Commerce Concept: We’re contemplating promoting on a retracement larger to throughout the vary of the latest Bearish Pin Bar Sign that had shaped just below the 31327 short-term resistance degree on Tuesday, Might tenth, till it fails on a closing foundation.
NOTE – You’ll be able to commerce BITCOIN & CRYPTO CURRENCY by way of the buying and selling platform we use HERE.
S & P 500 – Money: Promoting On A Retracement
Price Motion: Value shaped an ultra-small Bullish Pin Bar Sign in a single day (We’re not contemplating buying and selling this sign).
The Bullish Pin Bar Sign that had shaped late final week, failed (We didn’t contemplate buying and selling this sign, nor did we point out it on the time it shaped).
Potential Commerce Concept 1: For extra aggressive merchants, we’re contemplating promoting on a retracement larger and/or after a value motion promote sign on the 4 hour or each day chart timeframe, at or simply beneath the 4103 – 4139 short-term resistance space.
Potential Commerce Concept 2: We’re contemplating promoting on a retracement larger and/or after a value motion sign on the 4 hour or each day chart timeframe, at or simply beneath the 4309 – 4361 short-term resistance space.
NOTE – You’ll be able to commerce S&P 500 Money by way of the buying and selling platform we use HERE.
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Chart Commentary Disclaimer: Nial Fuller’s and Be taught To Commerce The Market’s evaluation and feedback beneath shouldn’t be thought-about monetary recommendation or a suggestion to commerce or spend money on any monetary product. Your private monetary circumstances and danger limits haven’t been considered within the beneath evaluation and feedback. This text is for basic instructional functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this publication. At all times do your individual evaluation and analysis and be expressly conscious of the dangers and rewards in buying and selling or investing in any monetary product.
