Hi, traiders!!! Buyers under pressure and they haven't broken sell-side...So, and we are joining to sell-side, who are much more strong now. My trade recommendation for this week: SELL Price - 61.55$ S\L - 62.40$ T\P - 51$ (56.15$ - partial profit taking) To your success!!!
ESV extending its decline beyond the Brent move, opening a divergence. Gap should fill. It's also close to previous major bottoms. Sentiment on extreme low. Demark indicators pointing for reversal. Target 6.12 Stop 4
Brent (UKOIL) In a Good Area for a Relief Rally
didnt expect this with Long support all year but hurricanse dont help CL prices jump, the spreads are thin and well thats life technically $64 is possible but lets be realistic and just keep it @ $66 for now gltu!
Off for the week in Roma Mexico City, but couldnt resist a quick chart study. CL has some nice price action which always results in useful targeting for trade exit when bigger moves surface. Cheers and beers!
It seems we are going to have some steep runs...I project a steep run to 84 dollars per barrel, then a drop to retest head and shoulders neckline (as it did so in the past pattern), second run up to the fib circle and Gann angle. And then a fast drop to 30 dollars per barrel (trendline) down through the neckline. Many clues have been drawn from the past pattern...
After failing my targets for today, I am pushing them with some slight modifications for the next couple of days. The day covered action between the 0.382 and 0.618 retracement levels of B to C, and finished right above the 0.618 of 5 to C. My target zone is now between the level 1 of B to C, 0.618 & 0.786 of 5 to C, and the 0.236 extension of 1 to 5. A reversed...
USOIL & UKOIL. 16 April. Intraday plan. Part 1. Long above the level. SL quite big. So manage your volume...
Edu bullish setup for Brent crude oil June '18 futures contract.
i short eurcad because he is much overbought and also cad underperform so much
Short 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...
After trending for 6 months, a consolidation is expected, might be deep taking the price down to around $59- $60
Believe Brent is pulling back for a sustained rally above $70 next week.
overbought +rsi bearish divergence short 1.5030 target 1.4950 gain 80 pips
Some 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. s3.amazonaws.com though I am not an Elliot or other types of wave analyst, I find that some basic ideas...