possible target , resistance , support area's
#USOIL #WTI $CRUDE rally shld fizzle here
USOIL - LONG - Will touch close to 49.40 in the next Day or Two
I had hoped to take a few days to get back into the water... But looks like we need to jump on this big Bombora.... It could play out for a while. Funny how these things form. We need to get a pretty good run from the first drop in. Bros with Rhinos will soon join the crew. We are going short with a stack of bones. Let's just hope we avoid a rail bang... ...
May I suggest for all you guys to have a look at this WTI crude oil daily chart. To me it suggests a pullback to 41/42 area then rally to 48/49 area.
I hope you are not short oil, because it just broke above a major line. Watch the lines.
Green Arrows at bottom are bullish forecast, red arrows are bearish. This is purely technical, I recommend to wait for Doha to see what happens.
Accumulation positions for a Big Short after May or maybe June, when the FED rise rates
false breakdown of the blue trend going down (since June, 2014)
WTI didn't violate the 2009 low and made a very bullish print. Not to mention the breakout of the falling wedge!
$WTI #crude in #AUD . Fractal target double bottom in late April
Hello friends! Looks like we have exhaustion of wave 4 soon. Best wishes! Aibek
under 31.45 short TP 29.71 SL 32.64 if the price rejection with a good setup going long to the channel
Bearish pin bar showing rejection of key resistance around 34 and the long term downtrend line. In short: 1) Downtrend 2) Price level 3) Signal all checked.
Overview : US oil surges 6.2%, closes at $31.48 a barrel after a group of oil-importing countries said energy stockpiles will grow at a slower pace on monday. On Technical charts, Very Short term trend of crude is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is...