We identified a head and shoulders pattern on the weekly chart, signaling a continued downtrend. Key support is at $43, with potential for $30 if broken.
October 8, 2024
Oil recently rallied to $77 after breaking below $70-$72 due to geopolitical tensions. Key resistance remains, and I’m staying neutral until it crosses $80.
October 7, 2024
Whitecap Resources gains traction in West Central Saskatchewan with technical indicators hinting at a breakout. Watch for potential gains above $12.
October 4, 2024
I analyze Cocoa futures' rally from $2,900 to $11,700, focusing on the 50-week moving average and discussing market structure stages and possible trends.
October 3, 2024
Discover why the crucial $71-$72 oil price range matters, linked to April 2020 lows. Learn how it impacts trader decisions and future oil trends.
October 2, 2024
Analyzing Baytex Energy Corp’s TSX chart, the stock closed at $4.04. If $4 support breaks, it could trigger a sell-off. Time to reassess long positions.
October 1, 2024
Learn how the 61.8% Fibonacci retracement level influences copper futures, acting as key support and resistance across different time frames. Watch now!
September 30, 2024
I analyze Bitcoin's consolidation on the 50-week moving average and silver's Fibonacci breakout with potential to reach $50. Insights for upcoming trends.
September 27, 2024
