Crude Huge move in the worksIs there a huge Bullish move around the corner or a return to previous trend line??
Crude-oil
CRUDE OIL / Elliot WavesIm the Wizard of Farts and Charts and dropping knowledge as it seems no one can count simple EW patterns here. People are guessing their trades and not understanding wave structures. Let me show you how poop is done. I almost cry when I look at the stuff people post in here and Im sure lot of people are losing their money. This Crude Oil thing started with a so obvious H&S pattern that I almost laughed when I saw it in the making. Then we got into doing some complex correlation waves that are still in the making.
THIS INFORMATION IS NOT MEANT TO BE USED AS A FINANCIAL ADVICE.
Crude Oil at resistance. Crude Oil at resistance level, going above 61.535 opens the upside to 63.60/64. Buy on daily close above 61.535. Attention to fundamentals, inventories, and OPEC before decision is made.
Potential Long or Short in WTI CRUDE OIL in Mar_Apr 2018The triangle pattern has almost formed and awaiting a big move !!!
Bullish consolidation?Crude is consolidating around a key level. A week ago I posted that if this gets resolved lower longs will have to liquidate. But in no way I would not exclude a bullish resolution of this consolidation.
Even if the price of oil would fall to low 50s, I think that would be a buying opportunity.
Brent Crude Oil. Head & Shoulders. Target 52.30There is a chance that we have a Head And Shoulders Pattern shaping on the chart of Brent Crude Oil.
Breakdown of the Neckline needed to succeed to the target at 52.30. (The height of the Head subtracted from the Neckline).
This idea accords with my ealrier 4-hour chart idea of the downside in the Brent (see related)
Brent Crude Oil. All the way down?It looks like oil has topped recently and now is heading south to hit the previous major low in the sub-30 area.
Wait the breakdown of the corrective structure for confirmation.
Bearish divergence could play out soon.
Brent Crude Oil. Updated Daily ChartThe previous chart was invalidated as wave 3 has completed and we are now in a wave 4.
It could be over as price approaches the channel's downside but is yet to reverse.
The target for wave 5 is located within the blue blox between 74 and 80.
Brent Crude. Could hit 73-74.Oil finished its correction and is heading to the upside of the channel.
Could hit into 73-74 area.
Short-term trades on crudeCrude looking bullish on short-term
Everything mentioned in the chart
Best of luck
CRUDE OIL WEEK OF 12-18-17See a nice run too $59.17, then look for support @ $58.56 wait for pullback on the 5 or 15 minutes. First and second leg already created have fun!!!
Crude oil Can See and Reach 61$ per Barrel and Above Crude oil has completed a complex correction labeled as wave II or B at the 42.03 level from where we started to track a new bullish impulse. An impulse is a five wave pattern, so there is room for much more gains on energy market since we see current leg up as blue wave 3 of an impulse. Wave 3) has in general five clear waves, which means oil price can still climb up to 60/61.9$ per barrel.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
OIH Long Oil stays relatively strong improving revenues. OPEC has a better control of their supply. Saudi's consolidation of power strengthens OPEC's power. Higher Interests rates and costs of production for the debt-laden shale producers will dampen their response to higher prices.
Brent Crude (UKOIL). Correction. Weakness ahead.We could be in a WXY flat correction.
Looks like some downside is ahead to $60 area.
Can Crude Oil Sustain Bullish Breakout? EIA Inventories Awaited!At 15:30 (GMT), the Energy Information Administration will be releasing the inventories figures. It's expected to report a draw of -1.4M but considering the API report, we can expect a draw of up to -6M/ barrels.
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Brent Crude Oil Buy PointBRENT Crude Oil UKOIL Close-Up
As per earlier medium term comment on Brent, believe that
Brent has about another $5 upside from here. but in the very
near term there is a fair chace it will get sold off first thing
and offer a good chance to get long at the lows, or close to.
Was hoping for a fast test of the lower parallel of this flag
formation but won't get it. Oil is strong. Buy as it breaks
above the upper parallel or on retest with stop 50 pips lower.
Crude Oil looks bearish for next weekOil moved upwards all week long so it must breathe a little bit. As it was because of speculation, we calculate it will go down to at least to 54.
We set some supports as reference, price may reach down to 50 but strength of this movement should be measured. We are placing long positions on short term and short positions on long term (our LOSSOL move technique)
Let's get some swag next week!
