top of page

๐Ÿ›ข๏ธ Crude Oil Trade Signal and Banks positions!

Based on the Commitments of Traders data reported on: September 21st 2021

#GOLD Weekly chart continues to range and the bottom line is we need a weekly uptrend to form to enter long otherwise we wait. On the other hand monthly chart shows evidence that demand might break and cause a drop lower.

On the 3 month chart, we have always mentioned how we had a 3 month bearish engulf that was formed and that we should keep an eye on that. Why? Because bearish engulfs typically

signal a bearish move until a demand is contacted and with this chart only a switch zone was contacted.

#OIL Price reacting from the monthly demand now and we are seeing signs that we may be bottoming here and price may start a significant rally from these lows. Need to wait until weekly supply is removed before the momentum will kick in. (Weekly supply removed)

$EURUSD My focus on this chart will be on the monthly for there to be sustained momentum in either direction we need either supply/demand out.

#USD On this chart my focus is the weekly chart. Weekly downtrend for shorts and weekly uptrend for longs. These are the highest odds trade signals.

$AUDUSD The charts are telling us that no momentum shift was produced off the 6 month demand zone so the monthly demand is weaker and therefore could break and price drop. If it holds we would need to see something sustainable to produce momentum upwards.

๐Ÿšจ๐Ÿ† Win a FREE month tuition paid by us by following us on Twitter @WhiteOakFX and Retweet our links and SHARE our YouTube videos to continue getting them for FREE!

๐Ÿ‘‡๐Ÿ“บ๐Ÿšจ Watch a PREVIEW of what students receive ๐Ÿšจ๐Ÿ“บ๐Ÿ‘‡