Fundamental Analysis & Overview OPEC, the cartel of petroleum exporting nations, are holding meetings today, the 22nd of June 2018. This meeting is held as usual in Vienna and it will most likely have a direct impact on the price of crude oil. The United Arab Emirates oil minister, who is also the President of OPEC, stated recently th...

2018-06-22 Richard Tataru Read more

As we see over the chart Oil created downtrend channel which if managed to control market more drop yet to come As long as market holding below resistance 65.80 and 66.40-60 more drop will be expected toward 62.90 zone Above 66.60 market may heda for farther rebound correction toward 68.50 zone   Sup...

2018-06-20 رامي أبو دراع Read more
elliot waves

In this video, besides the wave counts updates and articles follow-up, Richard is also stepping outside his comfort zone and giving a real-time example on how fundamental events affect the market and how structures become more and more complex over time. [shortcode-variables slug="applyrichardsta"]

2018-06-16 Richard Tataru Read more

The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...

2018-06-13 Richard Tataru Read more

As we advised last week and as we see over our previous chart Intraday start to show ability for rebound correction to test 67.80 zone if market managed to hold trades above 64.20 so far market managed to hold trades above support level with several advance movements Below 64.20 risk for more drop toward 62.00 may hit the market ...

2018-06-13 رامي أبو دراع Read more

As we advised last week and as we see over our previous chart Intraday start to show ability for rebound correction to test 67.80 zone if market managed to hold trades above 64.20 so far market managed to hold trades above support level with several advance movements Below 64.20 risk for more drop toward 62.00 may hit the market ...

2018-06-12 رامي أبو دراع Read more

As we advised yesterday and as we see over our previous chart Intraday start to show ability for rebound correction to test 67.80 zone if market managed to hold trades above 64.20 Below 64.20 risk for more drop toward 62.00 may hit the market   Support Resistance Level 1 ...

2018-06-10 رامي أبو دراع Read more

Crude Oil showing continues drop pressure after broke below 65.00 zone However Intraday start to show ability for rebound correction to test 6780 zone if market managed to hold trades above 64.20 Below 64.20 risk for more drop toward 62.00 may hit the market   Support Resistance ...

2018-06-07 رامي أبو دراع Read more

Crude Oil continue retreated as US asked SaudiArabia and another OPECNations to boost Oil output by 1 million barrels aday to control price rising Crude Oill managed to fell below 65.00 yesterday which may push for farther drop over Short-Run  As long as market holding below 65.90 resistance more drop toward 60.00 zone is expected ...

2018-06-05 رامي أبو دراع Read more
nfp non-farm payroll june

NFP is approaching, and with it, high volatility is most probably going to occur. Technical Patterns and Fundamentals seem to be lining-up or synchronizing for a rather big move. With the ADP Non-Farm Employment Change and the Preliminary GDP falling short of their projected figures, the USD now seems to become vulnerable. Technically s...

2018-05-30 Richard Tataru Read more