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Crudeoi

USOIL: Quite The Slippery SlopeSpent all day running through the USOIL market structure to try and figure out what's next to happen for the instrument. With a lot of help from the homies from the USOIL Chat Room, I decided on this as a possible path for the beginning of the fall for USOIL. Next week's start is unwritten however, I believe the push up in price action will find tremendous resistance at $54.72. After failing to pass this level, USOIL will once again descend south towards $35. This idea is based on market structure, candlestick structure and tendencies observed during analysis. Sorry for the lack of technical jargon and fancy indicators. I like to keep it simple.
TVC:USOIL
by UnknownUnicorn5320750
Oil Trade Plan for Sep 21st 2016This plan is based on Clone levels. Oil has gained its bullish momentum after the EIA and FOMC rate decision news. Question now is will it continue its upward momentum or is it just one more news release excitement. Clone levels : For Upside : 45.80 - 46.06 - 46.50 For Downside: 45.53 - 45 - 44.47 ( if it stays below 45.80 then we may see some down move before continuing up , i will be more comfortable with shorts if the price goes back below 45.5x level) Note: this is not an trade idea or signal . please do your due diligence before placing the trade.
FX:USOIL
by GcNaif
/CL - Comex Market Analysis and Trading Tips - 28th June 2016Overview: The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the level of $46.50. On its 4 hourly charts, MACD is sustaining in its negative territory and RSI is sustaining in its selling zone indicating the upcoming bearish trend in the oil prices. On an intraday basis one can go for sell on higher level strategy. www.tradingsignalreviews.com
FX:USOILShort
by TheBanker
Crude Oil High Significance Elliott Wave Analysis hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed. so , after an intermediate downtrend for completing the X wave, the market resumes its upper trend to the areas of 55.12 $ For analysis below this degree, that is on daily time frame click here , Thanks for reading Feel free to contact us in need of any assistance Happy Trading Dinesh -senior Technical analyst LeadBrains FSL - www.mytradingcourses.com Trading education & training firm
NYMEX:CL2!
by DineshKrishna
2