Hi Folks, We have attained our low 59 tgt. It appears (although its very early to say) that an accumulation has begun - I believe we've just witnessed AR. Sorry for the simple chart but in the interest of time I am publishing it now. Will properly elaborate it and publish a.s.a.p. I will position shorts 59,9 for low 59 - 58,9 (as spring) and then will load on buys. GL!
Oil continues to push up further bounce from the 0.618 level on the fib looking for more gains towards $78 crude oil inventories news at 4pm GMT, will be some fireworks there good trades
USOIL showing Gartley pattern is completed and this is maybe the last chance to rebound before breaking the trend line support..
Crude oil is holding in an oversold region. The series of doji and spinning top candlestick patterns are suggesting a potential of bullish retracement. But it will depend upon $66.50. Above this, the market can go after 38.2% retracement level of $67.45. The bearish breakout of $66.50 can extend sell-off until $65.75. All the best and trade with care...
I will look for a possible move up to break that high and finish a correction, then the sell.
WTI Crude Oil – Trade Plan The trade idea is to stay bearish below 71.61 with a stop above 71.95 and take profit at 76.40. Good luck! Refer to our website for full articles. Thanks
I'm speculating that the inventory draw by 2.1 million is already priced in. Therefore, the oil prices may drop on the release of EIA report. That being said, I will be looking to stay bullish above $65.02 to target $66 before the release of news today. All the best and stay tuned for updates. Keep following!
I will be looking to stay bullish only above $64.85 with a stop below $64.50 to target $65.50. Good luck!
I will be keeping a closer eye on $65.95 to target $64 and $63.85. Whereas, we may have a buying signal above $66. Good luck! Keep following for more updates..
I’m planning to stay bearish below $65.75 to target $65 and $64, whereas my buying limit is set at $63.85. Good luck! Keep following us for more updates!
The idea is to stay bullish above $67.60 to target $68.40 before the release of news. We may have an update after the EIA report, so make sure to revisit for update forex trading signals. Follow us for more updates...
I have been chasing a down movement, most of my charts on WTI are bearish although I put a good LONG some weeks ago. (See my twitter feed taking about a triple divergence) Next week I am seeing a high chance of WTI going down hard, next jump may reach 80's but it has to go down and get some impulse before we get there. The question is how far will it go? I am...
Is there a huge Bullish move around the corner or a return to previous trend line??
The triangle pattern has almost formed and awaiting a big move !!!
looks to me the price of close in oil is getting ahead of it's self, so try to get a fill to see that reverse. This one will have about a 1K pbr so will shoot for about a $500 gain, however the down side on thins one could exceed 500 also
USOIL is forming a Rising Wedge. Sell the breakout. Cheers!