-
USDCAD Looks Bullish Long-Term! – Elliott wave (video)
January 16, 2020 · Comments Off on USDCAD Looks Bullish Long-Term! – Elliott wave (video) -
Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day
June 9, 2019 · Comments Off on Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day -
EURUSD : Sell Trade Setup
May 8, 2019 · Comments Off on EURUSD : Sell Trade Setup -
Elliott Wave View Expecting AUDJPY to Extend Lower
May 7, 2019 · Comments Off on Elliott Wave View Expecting AUDJPY to Extend Lower -
Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
April 16, 2019 · Comments Off on Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume
FWP Network > Forexhound.com > Analysis > Commodities Analysis > Energy > Today’s technical forecast for Energy Futures
Today’s technical forecast for Energy Futures
Energy · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
Brent continued lower to 112.70/60 where we predicted a floor & the low was 112.41, above our stop level of 112.30. There is a good chance of a rally through 113.16 resistance to 114.00 today.
We are in a down trend so this level could see selling pressure return but if we push on look for 114.97 where it is doubtful we can push any further.
112.60/40 should remain good support today but a break targets 111.96/72. This is strong Fibonacci support plus 100 day moving average & should attract buyers today so we look for a floor but just below here we have the 3 month uptrend line at 111.30.
WTI Crude Oil held support at 91.99/92 & resistance at 93.40 as expected. Watch for a high for the day here again today in this down trend but if we do continue higher we may reach 94.30/50 which should hold the move but if we break higher again we look for 95.29 & a potential selling opportunity.
Support at 91.99/92 may hold if retested with the very short term picture more positive for today at least. The daily outlook remains weak however & so an eventual break lower should target 91.58 which may provide a floor today. If we break 91.10 look for 100 day & 21 week moving average support at 90.90/80. Below here 200 day MA at 90.43 then the up trend line at 90.00 should be a buying opportunity at this stage.
Natural Gas hit resistance at 3.446/3.460 & topped out as expected falling back to the 3.385/377 target & support which nicely held the down side. Today we are retesting resistance at 3.460 & will need to push through 3.480 to keep the positive momentum going for 3.505/3.512 & possibly as far as 3.534.
Any profit taking should fill the gap at 3.435 & below here take us back to 3.385/377 which may hold the low again today, but below here look for 3.341/337.