I wanted to point something out to help you prepare for a trade. This might happen or might not... but more often than not, it does happen. See the chart above.... observer the MACD and RSI. As Oil heads lower below $20, notice if the MACD histogram, and RSI levels remain at level higher than the previous bottom at $20. What this essentially means...

I've had a lot of beginners luck coming back into trading after 10 years of absence.I can see an Inverted penant Chart pattern. Although it’s hard to tell which way the price will break out of this penant, given the fundamentals and lacklustre results from the oil cuts, I would expect oil to fall to around $18-$20 range.I will be looking to o...

I must say I am impressed with my judgement, Oil fell 7% pre market due to OPEC+ meeting being postpones to 8th April which was due  to be held on 5th. The price crept back up on early UK market open. But expecting it to fall back… to around $24 at most. I've put some Trades on Virtual Portfolio to monitor, as I am not going...

I've closed my oil trade at $28.5.My initial target was $30, the price got to $29.5, and it started to look jittery. I'm expecting oil to recede now, as the price has rallied by around 30% in the last few days.There's a Lot of  turbulence around 23.5. Given the opec meeting postponement – price most likely will receded to aroudn 23.5 Unt...

Oil trade has done really well. Heading towards $27 quite confidently. I now have 2 positions in Oil, ill be looking to cut out at the next leg up, as Oil would have rallied by around 30% in total, there is bound to be some profit taking, thus slipping oil back.Here is my Option Chart showing the Call Prices I want to target, let see if I can hit t...

Oil has broken out as expected.

Oil could hit 24 by Friday 3rd April, due

to the talks between USA, SAUDI and RUSSIA.

I'll be adding to my existing trade.