Brent Crude (UKOIL). Main CountThis is the prevailing count.
If price would fail at the channel resistance the count would be valid.
Minimum target is at the wave W low at 41.54.
Next are the 1.272-1.414 mutipliers at 40.86-39.25
Crude-oil
Oil looks PromisingUSOIL formed am Ascending Triangle that targets 65. Buy on breakout or the pullback.
Cheers!
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.
