Brent crude oil upside price action continuationEdu bullish setup for Brent crude oil June '18 futures contract.
Brent-wti
short at 1.5955 to target 1.5865 = 90pipsi short eurcad because he is much overbought and also cad underperform so much
Short at 1.5445 for target 1.5370 =75 pipsShort eurcad due to overbought in many time frame and also EUR Outperform compared tp all the data that he got this mast days especially for Inflation.
And cad i think he little underperform all currencies
so i make this trade in short for a small legit pullback
enter at 1.5445
target a pull back to 1.5370 but can go more deep,but i prefer stay on this cluster target..
gains 75 pips
2 x 1 lot like all time
will cut the first at +35-45 pips and make a SL on the "nd lot at +20 pips for secure all gains
Consolidation !!After trending for 6 months, a consolidation is expected, might be deep taking the price down to around $59- $60
short at 1.5030 for target 1.4950 (80pips)overbought +rsi bearish divergence
short 1.5030
target 1.4950
gain 80 pips
Brent correction and then someSome time ago I had shared with my friends an idea of Brent going to 56.5. it was some late night old mans lonely evenings thoughts on the chart. Brent was at 52+ back then with lots of bearish sentiment built up in the crowds mind. it worked out just great.
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though I am not an Elliot or other types of wave analyst, I find that some basic ideas are typically the hardest to believe in by more experienced traders and sometime those ideas do work.
There is the one for correction of Brent from current level of 56.6 down.
not sure though what would this do to the idea for WTI, stated below as the linked one.
Oil is heading south as it fails to go above resistanceOil fails to break above the channel, time go down fast.
Brent and WTI: The spreadbetShort Brent and long Wti with equal exposure should be a decent R/R bet in regards to bet on a narrowing of spread.
Brent oil short short and long termCombining some trickery with heating oil and wti oil leads me to this.
Brent is to decline to low 40s by end of AugustBrent should drop to somewhere between the dotted lines by the end of August.
USDCAD Weekly Head and ShoudlersUCAD is 180pips away from a confirmed Head and Shoulders, weekly study.
Watching price action this week for bear continuation or bull reversal (see my USDCAD Bearish Butterfly study below).
Also keep an eye on EURUSD staying above 114/115 range and of course any Oil fundamental reporting.
CrudeOilWe have brokeout the strong channel and now support line became ressistance line. Waiting for continue the trend.
OIL - LONG After Bull Blood Bath The market was unloaded today
All bulls on margin call: who buy dip, who buy after OPEC meeting, who sustain the price in march
I think Open Interest sufficiently decreased, and the new bull cycle arisen
Commercials have reduced net short position and new, fresh and brave bulls ready to buy every dip
Open: 45.50
SL: 44.60
USO to breakout above US$11.50 amid potential breakout in crude As the crude oil price is still trending within the uptrend channel, we expect it is poise for a breakout towards the US$60-US$62 levels.
Brent/WTI spread. Brent Oil Could Lose Its Benchmark statusBrent (UKOIL) is on the slippery path as production is falling and this could lead to the drop of it's share and loss of the benchmark status to other crudes, namely WTI or Dubai or Urals.
Triangle is possible model here.
Target minus $10 spread - the WTI (USOIL) becomes more expensive than Brent.
Crude OilLooking for rising movement in channel/ have a good opportunity to setup pending long order with a small risk(SL on breakout the channel)
Crude OilOn background the rising_trend we probably have the end of down_trend_correction by two breakouts of the channel/ now it's a good opportunity to long position to 55 lvl
AUD/USD buy opportunity, bullish medium termAUD/USD has pulled back to key weekly support. I see prices driving higher over the next week or so. As it stands, the monthly candle is a strong bullish candle and the dollar is losing steam, which supports my bias
Crude OilPrice breakout the channel/ wait for continue rising_movement/ setup pending buy order on breakout fractal_based line(red on chart)
