Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most...
Update on the short entry I took last week and posted on the channel. Currently floating +353 pips and I've closed 50% of my original position and am floating in profit with stoploss above breakeven for a risk-free trade. The geopolitics between SA, US, and Russia will be a dynamic that will move the price quickly this week so staying protected at all times...
With the virus well underway, and the USD still holding up reasonably well (for now), crude will continue its historic plunge to record lows. Sometime by the spring or summer of this year, I see crude being around $20-23 before stabilizing sometime in 2021 (remember: crude this low is NOT a good thing for world equities and stocks). This re-stabilization will...
Oil has finally entered a consistent uptrend on the 4H chart, practically being within a Channel Up since the Feb 04 bottom (RSI = 59.395, MACD = 0.500, ADX = 23.410, Highs/Lows = 0.0000). The MACD shows that it can be sustainable in the near future as the buy/ sell points seem quite obvious. It is also positive that the 4H MA50 (which was formerly a strong...
Hello Traders, Here's my second scenario for USOIL, make sure to check out the related idea below to see the correlation as well. Trade Safe :)
Use this asa guide to develop your setup: Main items we can see on the Daily Chart: -The price was rejected from a major resistance zone. -The ascending channel has been broken. -Currently we can see a corrective structure (continuation pattern). -Our forecast is a continuation of the bearish movement towards the next support zone. -We will trade this...
Oil has hit the 63.90 1W Resistance and is naturally retracing, despite the Middle East geopolitics and lower than expected Crude Oil Inventories today. This is purely a technical reaction upon reaching a long term Resistance level and 1D approaching the sell zone (RSI = 68.142, ADX = 54.212). We are expecting a pull back towards the 60.00 Symmetrical Support or...
SL got triggered right there! Maybe not too late, tho...
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October was phenomenally good for WTI oil trading. My last target for the long trade is lying on 60 level. Those who are looking for a short trade, focus on 60 - 61 resistance area. this area was respected multiple times by the market in the past and, in my view, it is the safest zone to sell. for now, it looks like bullish tendency will remain and...
Hello traders, Here's a analysis of the supply and demand zone from May 28, 2019 to December 2019 TRADE SAFE
Hello traders, Sorry for the mess, but here's my analysis for crude oil dd
Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 52.93 - 59.21 If WTI is capable of maintaining the current strength as of today, there is a projected weekly target price of 64.20 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the...
Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 55.17 - 58.13 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading...
Week update for week ending 20 September 2019 In Bull territory. Projected range for upcoming week 61.57 - 55.33 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 50.55 - 63.33 Price-Trend: .34x ATR Daily for 20 September 2019 In Bull...
Daily for 19 September 2019 In Bull territory. Price Projection: 64.28 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 54.87 - 63.33 Price-Trend: .77x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not...
Following the abnormal +10% move after the Saudi Oil facilities attack, the price is starting to consolidate, looking for new levels as Supports to attract buyers. In doing so, it has formed a Channel Up on 1D (RSI = 55.181, MACD = 0.790, Highs/Lows = 0.5164) which by those readings we understand that it is close to its Higher Low zone. At the moment it has...