USOIL could hit 62.50-64.50 to complete correction62.50 is where the 1.272x in y (white)
64.50 = 1.618 of x in y (white)
Crude-oil
4hs and Daily analysis on Crude Oil Futures by ThinkingAntsOkUse this as a guide to develop your view of the chart.
Main items we can see on the 4hs chart:
-The price is inside an ascending channel
-On the Daily chart (image below) we can see that the price is close to a significant resistance zone + the Dynamic upper resistance of the ascending channel
-Currently, we can see an Inner bullish trendline inside the ascending channel, and it has been broken
-Now we will be waiting for a clear pullback, and ONLY IF THAT HAPPENS we will develop our setup, with an entry below the structure / stop above the Higher high/ and break-even before the first target
-The full movement we will trying to catch is going to be towards the second bearish target
Daily Chart:
Crude oil: time to go deepWe caught the bulls completely.
It is time to sell from high.
Sell at every high
Crude Oil Short ScenarioTVC:USOIL
I think the chart is quite self-explanatory. Let's see if it will test 60 again before going lower.
I am shorting Oil Already on etoro: @jastreb47
Say hi on TG: @andreas47
WTI: Where To Sell???
October was phenomenally good for WTI oil trading.
My last target for the long trade is lying on 60 level.
Those who are looking for a short trade,
focus on 60 - 61 resistance area.
this area was respected multiple times by the market in the past
and, in my view, it is the safest zone to sell.
for now, it looks like bullish tendency will remain and buyers
will keep pushing the market to the resistance line of the rising channel.
the only minor resistance on their way will be 59.0,
we can expect a minor retracement from this level and continuation to the underlined zone.
NEXT WEEK CRUDE OIL ?Going short for now but not sure about the new high. well see next week.
SELL TARGET
55.86 low risk
55.69 low risk
55.52 medium
55.39 high risk
55.00 high risk
54.78 - not to sure it well get that low
WTI Analysis [SUPPLY AND DEMAND ZONES]Hello traders,
Here's a analysis of the supply and demand zone from May 28, 2019 to December 2019
TRADE SAFE
Crude Oil west Texas short @ 55.57stop @ 57.50 target @ 53.25 if the position moves against us 2nd position @ 56.40$
USOIL - DAY TRADE Hi, today we are going to talk about USOIL and in a Day Trade opportunity.
We observe a 1h(60m) chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
GLENCORE GOOD SHORT OPPORTUNITYWe have a beautiful downtrend on the higher timeframes.
The price broke through the blue zone on the daily.
The price pulled back than and found resistance around 255.
Target is the 160 zone.
WTI update for week ending 27 September 2019Weekly Data Summary Suggests:
Current Weekly Trend is Bearish
The anticipated upcoming trade range is between 52.93 - 59.21
If WTI is capable of maintaining the current strength as of today, there is a projected weekly target price of 64.20
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear
The strength demonstrated over the last 5 weeks is currently: Bearish
Price Consolidation has formed between: 50.55 - 63.33
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
Daily Data Summary Suggests:
Current Daily Trend is Bearish
The anticipated upcoming trade range is between 54.57 - 57.57
If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1543.02
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
Price Consolidation has formed between: 54.87 - 63.33
Current chart score suggests a Bearish Market is present.
Comments:
Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day).
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
WTI update for 25 September 2019Daily Data Summary Suggests:
Current Daily Trend is Bearish
The anticipated upcoming trade range is between 55.17 - 58.13
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
Price Consolidation has formed between: 54.87 - 63.33
Current chart score suggests a Bearish Market is present.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
