DislikedGuys you are going to have to excuse us because Dove is not feeling well, neather I'm I, he is 64 allready...Ignored
hope u & dove_alliance are feeling better...
eat a lot more fruits & vegetables
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
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DislikedGuys you are going to have to excuse us because Dove is not feeling well, neather I'm I, he is 64 allready...Ignored
Dislikedthe low power of the hour is going to make dificult to pass the EMA at 4920, but asia at 8.00 may have a puch to take it to the next pivot, I'm taking profit at the 4929 and then reenter at the retrace if it retrace if not I will just enter when I can for the next 4895 M2 we will see how this develop
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Dislikedanyways I being short from the 4996 and add here at 4950 if it retrace at the 4929 PP I'll add some more, good luckIgnored
DislikedWell, I see 2 possibilities with oil: it will go up, but if not - it will go down :-)
Seriously speaking, imho, there is a bullish candle formation on the WEEKLY chart below:
I see here that the proce wen north through a historically significant level, as well as the first fibo retracement level, and formed four squeezed candles (that's my unofficial term :-) ) right above these levels.
This tells me that a new momentum is being built above these new support levels.
Therefore, I'll dare to name the oil price between $80 and $90 in the coming...Ignored
DislikedAgreed, I am talking about oil going up on the weekly time scale. The candle configuration is exactly the same as the one earlier, in april of this year (same chart). There was some correction in May followed by a strong push north.
As for Fed raising rates - that's also true, but with the current amount of the federal debt it will lead to prohibitively expensive cost of borrowing and longer term lowering of the US A credit rating.Ignored
DislikedI personally think we will see the FED taking over (for what ever reason they give) healthy banks (holders of tarp money) just before they torpedo the market with a rate hike.A chance to get out just before the crash.
And yes ---prohibitively....screw the little guy... is the planIgnored
DislikedIn a fair uncorrupt system that's what they should've done last fall, in my opinion.
Pick a bank with the most developed branch network out of Citi, Chase, Bank of America, let it go bankrupt over the weekend, and take federal control over it. Then provide liquidity to private creditors through that bank, rather than letting bank speculators loot the money without any accountability, and no credit flow as a result.
Aftre the crisis is over it could've been privatized with profit.Ignored
Disliked
When you increase interest rates everyone suffers, but your a hero for making sure the banks are sound.I know I'm a nut
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Dislikedwhat timeframes were u using in the charts u posted?
hope u & dove_alliance are feeling better...
eat a lot more fruits & vegetablesIgnored
DislikedBuddy you really do need to go get better. Yes your trade looks good to me, but a couple days off should make the would look brighter.
We'll wait. If you can't stand not trading--- at least take a break from posting. I'm going to bed soon myself (another long day tomorrow).Ignored
DislikedHi Chonchi
Do you have any news from Dove?
Is he getting better?
Have a great trading sessionIgnored
Disliked......
fruits and vegys ah, I like that diet bether that my doctor's seven thousand pills ..Ignored
Dislikedyes, most medicines are from plants, fruits, herbs anyway... so better get healthy via the source, the natural wayIgnored
Dislikednever mind Islander, you answer my question at the same time i was asking you wow what a coincidence ah!Ignored