Crude Oil Violates Ascending Triangle - Trump Lashed Out at OPECToday $73 is a very crucial trading level and crude oil can stay bearish below this level to target $72.10 and $71.75. Good luck!
Crude-oil
Crude Oil Violates Ascending Triangle - Trump Lashed Out at OPECToday $73 is a very crucial trading level and crude oil can stay bearish below this level to target $72.10 and $71.75. Good luck!
Oil back on track to 80$ ? Or...not?I sense... bearish divergence going up to 73$
This idea is pretty simple and straightforward, everything is in the chart.
Good luck!
Crude oil projectionIt 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 behaviour. I locked the scale, as its important all the drawing tools and lines stay in the same place. You can move the chart around though.
WTI Crude Oil On Roller Coaster Ride - Top 3 ReasonsWe just shared a forex trading signal to open a buy position above $71.10 with a stop below $70.85 and a target of $71.40. Good luck.
A Good Day To Trade WTI Crude Oil - EIA Report & OPEC Meeting UpI'm speculating that the inventory draw by 2.1 million is already priced in. Therefore, the oil prices may drop on the release of EIA report. That being said, I will be looking to stay bullish above $65.02 to target $66 before the release of news today. All the best and stay tuned for updates. Keep following!
Crude Oil Dips Below 100 SMA - 61.8% Retracement on the CardsI will be looking to stay bullish only above $64.85 with a stop below $64.50 to target $65.50. Good luck!
WTI Crude oil. Don't miss this Bear Flag!Crude oil broke below long term support (white) and we see the healthy pullback in the making.
This move shaped the favorite Bear Flag pattern with a Low Risk / High Return potential.
Wait to sell on the breakdown.
Target area is set within the orange box per Fibbo levels.
I guess it's 5 of (1) in terms of EW.
Take care!
ESV Going For The 8.3$-8.4$ Range Short TermESV looks like is starting the fifth impulsion wave, already gone through the 0.382 and 0.618 retracements of the previous high. Using both the levels of 1.618 retracement and 1 extension, my guess is that ESV will be trading in that range short term.
Brent (UKOIL) - Targets For The Next 2 Days: 77.81$ to 78.95$After failing my targets for today, I am pushing them with some slight modifications for the next couple of days. The day covered action between the 0.382 and 0.618 retracement levels of B to C, and finished right above the 0.618 of 5 to C. My target zone is now between the level 1 of B to C, 0.618 & 0.786 of 5 to C, and the 0.236 extension of 1 to 5. A reversed H&S also seems to be forming. Mid-term analysis remains in play, I think we are already the first impulse wave of a new cycle which should take us above 80$ again.
Crude Oil Standstill Near Two-month Low - Quick Trade PlanI will be keeping a closer eye on $65.95 to target $64 and $63.85. Whereas, we may have a buying signal above $66. Good luck!
Keep following for more updates..
Top 3 Things to Know about Crude Oil TodayI’m planning to stay bearish below $65.75 to target $65 and $64, whereas my buying limit is set at $63.85. Good luck!
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Crude Oil Trades below 23.2% Retracement while Investor's await The idea is to stay bullish above $67.60 to target $68.40 before the release of news. We may have an update after the EIA report, so make sure to revisit for update forex trading signals.
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Brent Crude Oil: Possible Ending Diagonal at Triple ResistanceBrent Crude reached the triple resistance area around 80 level.
I spotted Ending Diagonal EW pattern for you to highlight the possible finish of the current upmove.
Watch the support of the pattern.
Once the price breaks below it then it could be a nice selling opportunity.
Oil almost time to shortOne could start opening short positions here. Personally I'm waiting for around 76-77ish. Correction could go to high 50's low 60's. The resistance zone is encircled in the orange bubbles
Short crude oilThree reasons
1 - Daily price outside upper bollinger band
2 - Resistance line
3 - Four hour chart looks bearish
This four hour chart candle is bearish to me.
I am going to wait for a pop today sometime to get a good short price hopefully.
US OIL / NAT GAS RATIO - Running up against ResitanceAlthough this ratio implies stronger Oil versus NAT GAS, the longer term picture implies stronger prices for NAT GAS vs Crude OIL. OPEC can't sustain this kinda market forever !!!! Please leave your thoughts and comment below
Why $70 Oil Makes A Good Selling OpportunityYou can bet against the trend and lose your money. Or you can bet on the algorithm and make money. Today we look at the Crude Oil's future, literally. At $70 per gallon, crude seems way overpriced - at least to my estimated value which in my opinion should be right around $60, if not less. Let's watch what the market do.
oil calendar may set up once againif my signal generator stays on the short and this pair moves back into the .30 i will be shorting this pair once again. so far has been a 100% winning idea.
SHORT ON BRENT CRUDE OIL!Right guys, we've got a nice juicy short.
I'm anticipating prices to head down to lows of 68.00 , however prices could of course head down to lows of 64.00 .
This entire move could happen before April's over guys, so make sure you don't miss out on this one. Trust me you don't want to!
Alright let's go, as soon as prices break out of our resistance zone at 70.00 , we could see some decisive swings!
Let's Wait And See(Update Coming Soon)
TP: 68.00/64.00
Oil looks like going down next week.I have been chasing a down movement, most of my charts on WTI are bearish although I put a good LONG some weeks ago. (See my twitter feed taking about a triple divergence)
Next week I am seeing a high chance of WTI going down hard, next jump may reach 80's but it has to go down and get some impulse before we get there. The question is how far will it go?
I am on a short position with a first target at 63.40, then let's see what happens.
Jun18 WTI CL2! Oil NeutralWTI Jun CL2!
It is rare for a major trend line to be penetrated and for that movement to continue the same day. So that is why I believe we will see some oscillation around this break on the Major for a day or 2 while price consolidates its latest movements.
This will also be a major decision event as we have a trend break but a wedge coil under development, imo.
If the trend line break does not hold (fake out) then the wedge will propel price higher. Expect at least 2 and possibly 5 tests on the rising trend line but price will be circa $63+ so you will know this. Use the pull backs as re-entry points or add-to's or top ups. Target $66
If price fails to regain the Major the look for a close below the Secondary. Price should retest this old support line now resistance. Look for inverted hammers or pin bar lows
to suggest buyer exhaustion. Target $58
Also be aware that the May contract will roll circa April 20 so expect the OI to move about a week before that or on major oil news ... like a Syrian event.
Remember material support sits at $60 and $58
I will up date as price progresses.
... just a further 2c worth ...
