Silent Pips Blog

Crude Oil WTI sell

✅WTI

SELL
Timeframe: M30
Entry at 69.10
Take profit 1 at 68.70
Take profit 2 at 68.25
Stop loss at 69.55

Crude oil formed a double top and finished a bearish flag pattern

🚨WTI OIL CHALLENGE IS ON 🚨

WTI OIL CHALLENGE IS BRINGING IN PROFITS 

Congratulations to those who took this trade on crude oil.

Hold your grounds 

GBPUSD SELL

✅GBP/USD

SELL
Timeframe: M30
Entry at 1.3832
Take profit 1 at 1.3812
Take profit 2 at 1.3793
Stop loss at 1.3860

🚨GOLD SELL CHALLENGE IS ON🚨

Technical Analysis 
Gold sustained trading beyond the 200-DMA level of $1,810, as well as a clear upside break of a three-month-old descending trend line. Despite the failure to cross a seven-week-old horizontal hurdle, around $1,832-34, bullish MACD and upward sloping Momentum line back the recovery moves from the yearly low. It’s worth noting that the $1,800 add to the downside filters whereas June’s low around $1,750 becomes the key support past $1,795

Fundamental Analysis 

The bulls take a breather in the aftermath of the NFP shocker. Investors cheer an extended period of monetary support amid the Chinese economic slowdown and faltering US labor market recovery. The USD attempts to find its feet, exerting downward pressure on the yellow metal. This week comprises three key central bank meetings, namely the ECB, RBA and BOC, which in turn keeps the traders on their toes. 

Potential Profits if target reached👇

✅0.1 Lot = $250 Profits 
✅1 Lot = $2,500 Profits 
✅5 Lots = $12,500

🚨WTI OIL SELL CHALLENGE IS ON 🚨

🚨WTI OIL CHALLENGE IS ON 🚨

Technical Analysis 

WTI Crude Oil closed last week exactly at the point where the current Resistance is matching the Falling Trendline. Price is near key structure level at Daily chart as well. Oil justifies the recent downside break of a two-week-old rising support line, now resistance, amid descending RSI line as it remains pressured around $68.50. 

Fundamental Analysis 

Oil prices drooped more than 1% on Monday following the world’s top exporter Saudi Arabia price cut for Asia over the weekend on demand concerns. It is likely that we will continue to see oil demand improving over the next few weeks and months based on Covid19 latest news and trends, but as we all know ,that's very dynamic and could change any given time. 

Potential Profits if target reached👇

✅0.1 Lot = $300 Profits 
✅1 Lot = $3,000 Profits 
✅5 Lots = $15,000
✅10 Lots = $30,000 Profits