Watch the moving averages and cloud levels here, as well as areas for price consolidation. It's a bit prettier than BTCUSD, isn't it? With the prices of OIL_CRUDE moving back up again, it's hard to tell whether BTCUSD is performing well against it, until you use a chart like this. Type: BTCUSD:BITSTAMP/OIL_CRUDE in your bar to find this!
It's hard to see where we're going from this exact moment, but this should be a handy chart to look at in general. Just as BTC/NASDAQ was super informative and telling to look at.
oil can see 50$ with wild up move (witout pullback) put sl for your sell on 41.50 or daily EMA200 AC 240 min is important on oil
if below trend break oil can see 15$-20$ so be carefull from buy for find target use this drawing tool =trend FIBO EXTENTION 61-100-161% (it draw on last N shape) never open reverse pos on it alone , you need 2nd signal like EMA200 or support near it ,then you can put sellimit on it in ninjatrader =fibo projection,,,,, in metatrader you must load it to...
Crude oil has been in a massive ascending wedge with UCO currently on its way to around $33. Its a nice little play at the moment, but on hitting that upper resistance and perhaps melting up we might see a catastrophic fall (probably around the same time people clue in to the fact that our economies are all screwed and no one is spending money anymore, or OPEC+...
Looking for short position after brokeout support (new ressistance) line + Fibo 0,382 lvl + DXY looking for rise
Crude Oil WTI daily time frame. Looks to be in the process of a 3rd Elltiot wave. Stoch Rsi shows selling pressure and DMI a strong bearish trend. Price also broke through the 72 EMA. 3rd wave should beat the low of wave 1. Meaning WTI might break 47.80. Crude Oil WTI is a strong sell.