OIL PRICE EXPECTATION FOR JUNE 2019
Entering a new month - expecting an overall downward pressure on prices. The market has retraced already beyond 50% of the last uptrend, and would expect to see some profit taking at 61.8% level.
Expectations %
June bullish: 20%
June bearish: 40%
June ranging: 40%
**Please note the above material is for educational purposes only and not suitable for advise or for use of trading decisions**
Expectations %
June bullish: 20%
June bearish: 40%
June ranging: 40%
**Please note the above material is for educational purposes only and not suitable for advise or for use of trading decisions**
Catatan
Having revisited this study - I have seen the 61.8% level was a buy region. The month of June kept trading in the expected trading range between 50% and 61.8% until the 19th, which was then followed by the strong rally. The 61.8% was tested a few more times - wonder if there is a next time: will sellers manage to sell through it?
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.