Oil looks PromisingUSOIL formed am Ascending Triangle that targets 65. Buy on breakout or the pullback.
Cheers!
Crude-oil
Low-risk Short Opportunity on Crude #/CLF2017Today we had a great setup of a short entry with relatively low risk on 1 crude oil contract. Our reversal bar appeared with a short entry below the low of the bar and the stop loss at the high, trailed three day bars behind the price.
BRENT CRUDE vs RUB. Inverse Head & ShouldersIf this idea will deliver then it supports the idea of USDRUB rise.
The rub will not benefit much from rising oil as oil would rise against the rub also.
A potential outcome. Sell into November 30th, buy afterwards.Look out for the 100 sma and the 23.6% fib @ 45.64 for the next leg down. Gap is not closed all the way. We are edging below the support at 46.0. Next support is at 43. Could potential reverse at 43. This would complete the H&S on the daily.
Shorting Crude OilCrude oil prices managed to slightly incline during yesterday’s session amid comments about an OPEC output cap seemed to overshadow the high inventory build up, according to the Department of Energy on Wednesday. - See more at: globalcurrenciez.com
Time to Go Long in OilExcellent opportunity to go long for positional players. High risk reward with great entry.
Crude Oil structureNow we have the following structure on WTI
It is likely that we will break(besides taking into consideration technical indicators) the resistance line of 51.75 $ and then we go to the area of 60 $
Globally, it is the 4-th wave and it will be the last part of this growth
Note: This is not trading chart, only the analyst.
