WTI Long setupDespite current structure holding there is a valid long buy stop.
above MA's, and the strong support at current price has not historically been a strong resistance.
BCO
Brent crude oil BCO - Make or Break at $44Ascending triangle pattern (tightening volatility) suggests a breakout sooner rather than later
BCO USD SELL (BRENT CRUDE OIL - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
BCO USD BUY (BRENT CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Brent Crude Oil; look out!Moving averages awfully tight now. 50 (teal) has proved strong resistance before.
But, we do have some support. That said, the more support there is to break..the more it can fall :)
We will have to wait for an answer but, keep eyes on close
BCO USD BUY (BRENT CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
BCO USD BUY (BRENT CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
BCOUSD - Expecting to see a nice bounce back to 75 areaBCOUSD - Expecting to see a nice bounce back to 75 area
Oil against USD has good chancesConsidering Trump is on an edge of becoming third impeachment president of USA, American dollar has good chances to fall and so all the derivatives grow against it. Oil not yet bullish - I consider it still in a consolidation stage, but with very good chances to enter new bull run. Marked targets are for nearest 3 months period.
BCO USD SELL (BRENT CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to test the previous high and watch strong price action for sell.
BrentCrude Oil (BCO)Price cannot seem to close below support levels. In an attempt to push below toward the downside, price creates a bullish pin off daily support levels. Great buying opportunity for bulls.
Brent crude oil's crucial moment of indecision.We can si a very volatile and consolidating period (circled in green), indicating indecision in the market.
That means that the next move will be an important one for the overall decision of the market in the future.. (where it wants to go)
Watching it closely for opportunities :)
BCO - SELL!Sell in the beaking candle (breaking the trendline) and if the price was still bellow 70.64 put your stop on 70.7. Your target will be 59.22
BCO - One more bull wave is coming. The last one.Oil must break the 68.77 one more time (we may see a big or a small wave) and after that, it will DUMP bellow 59.21
BCO USD SELL (BRENT CRUDE OIL - US DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
Brent Crude Oil (BCOUSD) short.All description on chart.
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Thank you.
Brent OIl price - after short squeeze strategyOIL did almost exactly what I predicted including the sharp correction down in end of May (it also validated S&P500 May correction until New moon in Gemini that happened on June 3rd - indicated by the end of Ramadan);
I showed that toward June 8th OIL price to go higher after low of $60;
Yet it reached $64 already June 7th and seems a bit earlier to what needed in order to support further move higher back to $70 levels. (meantime, stock market reacted to similar projection I saw and exactly after the Ramadan time - June 4th started pushing sharply higher).
June 11th-12th was excellent Short Squeeze to get boost moving higher more sharply.
To what I've explained on last weekly astrology forecast on June 11th to commodities (OIL&GOLD);
Here's the update projection of price.
OANDA:BCOUSD
BCOUSD approaching support, potential bounce!BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BCOUSD approaching support, potential bounce!BCOUSD approaching support, potential bounce!
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
