CL rallies 12% this week. Bears vs. Bulls – Who will dominate? A potential way to trade the current price action using the pullback ema strategy. CL Trading Above $86, What It Means? We have seen a swift reversal, with CL gaining over 12% this week. The game is not over for bears, though a Read More…
The hanging man from the previous analysis yielded over 767 points Re-cap on Bearish $70 medium-term target Short opportunities as CL rallies into the resistance zone 767 Points Profit The hanging man we analyzed here provided a 767-point move as CL fell swiftly below $81. The pattern has played out but is still intact and Read More…
The hanging man candlestick pattern is confirmed on the daily chart The target for Bears is below the $81 price level Accumulation Zone around $82 broken to the downside Hanging Man CandleStick Earlier in the week, we analyzed the potential formation of either a hammer or a hanging man candlestick confirmation. Looking at the daily Read More…
Over the last few months, rising oil prices have many market participants’ attention. The chart below shows the price of oil, which peaked at the end of October 2021 and then fell about 25%. It bottomed in early December 2021 and hasn’t looked back. Oil broke through the Oct 2021 high of $85 a barrel Read More…
A key player in the offshore drilling industry, Valaris was the last in the row of the number of these companies filing for bankruptcy in the U.S. The company proposed swapping some of its 6.5 billion USD debt to transfer ownership to its creditors. However, this is the most recent problem of offshore drillers. Unsettled Read More…
The sun shines again on the American economy as the stocks continue to rise, and the US manufacturing gets closer to expansion. Concurrently, another round of stimulus checks to US citizens is a step in the right direction. Currently, the stock market takes a sigh of relief as the S&P 500 reaches its two-week record Read More…
