Hello Supporters and Viewers, Here is new month Oil chart. Currently there is an "in-neck" bar forming which suggests further downside. Indicators are also suggesting more downside, as is the bulk of TV opinion. Looking at the main players, this view may be borne out. Call volumes are sitting 55-57 with a weekly change of +13k. Put volumes are at 50-52 with a...
Head and Shoulder pattern Entry 53.40 Target 1 =>52.15 Target 2 =>50.40 Neck line 52.70 ==> Price breaks the neck line and makes a nice move down. => zig zag pattern ABC ** Head and Shoulder or Descending Triangle pattern Elliott wave 3 Target 1 = 52.15 Elliott wave 4 have the possibility CL1! USOIL WTIUSD CLK2017
WTIUSD / CL1! / USOIL / Bearish pattern Elliott wave 5 completion Ending Diagonal & Wedge pattern Extension Impulse wave completion Day open 53.40 Entry Target 1. 52.15 Target 2. 50.40 CL1! CL2! CLK2017 USOIL FOREXCOM:WTIUSD
Hamonic Bat Pattern Bearish orange color Hamonic Alt bat Pattern Bearish orange color Motive wave Small Elliott wave 5 Big Elliott wave 3~5 --> Big Elliott wave 1 hamonic pattern Gartley --> Small Elliott wave 1 & Big Elliott wave 2 Hamonic pattern Gartley => Da Corrective wave small Elliott wave 5 -> Expanded flat & Hamonic pattern crab Bearish ->...
Hamonic Bat Pattern Bearish orange color Hamonic Alt bat Pattern Bearish orange color Motive wave Small Elliott wave 5 Big Elliott wave 3~5 --> Big Elliott wave 1 hamonic pattern Gartley --> Small Elliott wave 1 & Big Elliott wave 2 Hamonic pattern Gartley => Da Corrective wave small Elliott wave 5 -> Expanded flat & Hamonic pattern crab...
HAMONIC Cypher PATTERN Bearish Motive wave Small Elliott wave 5 Corrective wave Expanded flat 1.272% 161.8% 1. expanded flat => running flat => ending Diagonal 2. expanded flat => running flat => Head and Shoulders 3. expanded flat => Head and Shoulders USOIL CL1! CL2! CLK2017 WTIUSD
WTIUSD/USOIL/CL1!/ SmallElliott wave 5 and Head and Shoulders HAMONIC Cypher PATTERN Bearish Motive wave Small Elliott wave 5 Corrective wave ZigZag pattern (ABC) or Elliott wave 5 Head and Shoulders pattern (Right Shouler) neck line 51.50 CL1! CL2! USOIL CLK2017 WTIUSD
May Oil contract rolls Apr 20. Expect a gap! Open Interest is currently 2.22m (Mar 28 CFTC Reports) Time Line: Mar 28, Mar 21, Mar 14, Mar 7, Feb 28 K (000's) Producer Longs: 410, 416, 402, 342, 323 Prdcr Shorts: 663, 678, 674, 663, 661 Prdcr Net: 253, 262, 272, 321, 338 Money Manager Longs: 345, 361, 384, 418, 429, 449 MM Shorts: 135, 128, 129, 61, 61, 44 MM...