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Crudeoilsignal

Crude Oil (WTI) - Long; Load up on it!Just a near term play here on the anticipated, transitory USD weakness. The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.) Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
NYMEX:CL1!Long
by Nemo_Confidat
WTI Crude Oil: 19.4 - A slide off the edge? A 'rising wedge" pattern is one of the most bearish candlestick patterns out there. It's when the highs consolidate with the lows in the shape of a sharp triangle going up. When the support trend-line breaks down - A trend reversal is usually ON! Meaning that from higher highs and lows the shift is to lower highs and lows and new lower targets are targeted. Yesterday I've covered how a break below 104.50 can be the beginning of a $10 or more drop down. 105.60 is another important support level to be broken and a blockage on the way down. Today is a very critical day as it may break this level, the other scenario is that WTI could retest the broken rising wedge at the high 107's low 108's. Pay close attention to the WTI today, as this could be the beginning of a significant correction down. --------------------------------------------------------------------------------------------------------------------------------------------------------- I'd very much appreciate a like and follow if you found this analysis helpful :D Please let me know what you would like to see more of and what you liked/disliked about my idea. My goal is to benefit the trading community and help improve results of all traders across the board ---------------------------------------------------------------------------------------------------------------------------------------------------------
BLACKBULL:WTIShort
by Exactus
11