River...45.30 is MA50, this level is important because breakout can bring the price near 46$. We must keep in minf 44.90 is the support, breakout of the support could be rail at 41.90. Good trading.
Crudeoilwti
Short based on Clone levels I had been shorting this since 47.36 and i am still in those shorts and added more at break of 45.5x area. The potential targets i am looking for now are 45 and 44.48 marked on chart.
Clone Levels for Short : For downside 45.53-45-44.48 (favorable)
For Upside: 45.53-46.06
Please do trade accordingly. Due your due diligence before placing the traded
Crude WTI - Large downside move on the horizon. WTI has seen continued resistance on any rallies of the previous weeks. The most recent move to the upside found a cap at the falling trend line, with a solid bear candle following. If we see a move below the EMAs, then this would open the door to the downside, with potential for moves back down into the previous congestion zone around 39$.
Upcoming Hours Of Oil (1h)Have a look from my point of view.It has been working for almost 4 days.45.80 will be tested,afterwards it can go 49.00 but It can't be in the day.
If I wont be mistaken,call me for other charts.
Goodluck,All the best.
Dangerous trading nowAs expected the breakout of 45.50 was strong long. Now we are in dangerous zone because just 1$ for 47$ and could be retracement, (47.89 is the trendline limit). Today a good chance to trading is zone 45.50 again for long position because river and ichimoku supports are at this price. Before of this price, there are others support: 45.70 (Moving Average 30), and 46$ (Moving Average 288), this could be more strong. Anyway breakout of 45.10 could be the short signal, but keep in mind 44.91 is support given by Moving Averega 144 and can bounce on this price, so more safe is wait breakout a 44.91 for target at 41.90 .
Upcoming Hours For Oil FutureTake glance at my chart and state your position.In addition,I already stated my position as investors can see.
Good Luck,All the best
TRIANGLE PATTERN FOR SCALPERSFor the seller,44,20 tp position
For the buyyers,45.50 tp position
Good Luck,All the best
Median high probability target, currently @ 49.20In my last chart I pointed out a point of interest and possible long entry. It seems price has indeed bounced and is now headed north. The median on this hourly chart is a high probability target for me now.
Is not dead...Now we are at resistence test of daily time frame, the bottom of the river could be resistence. and reasonable target could be 41.90 if break the support at 44.60. Anyway breakout of 45.50 could be rail long very strong at 47$. So pay attention.
Simple Journey for TomorrowLong / Short entries - supports, resistances, median lines and a new trendline for the new range.
Monday's Journey (Asia + early EU)Movement for Monday trading, during Asia and early EU. A lot of support / resistance points in a 25cents range. Interesting crossings and important values.
Oil Will Be $46 In The First Days of Next Week.From my point of view I planed double fibonacci indicator and it arose a triangle without drawing.For the resistance part,in the next week,the prices can be seen.
Recover testThe last covering was failed so I have tried to cover at 43.20 The recovery of trend to be long must break 44.70 area. If this not happen I increase my short position.
Point of interest and possible long entryTechnically we are still in an uptrend but candles this big are hard to ignore. It looks like the deliberate august run up just turned into a massacre. However i have found an interesting area to watch for possible long entry, or at least for a bump to re enter short.
123 Low is failed... So, now the cover for short position can be tried on mm30 at 44.34 and 42.43 as the crossing of mm144 and mm288.
CRUDE OIL Elliott waveGlobal news can say whatever you want . It is not physical oil-2.80% . This are futures . and future's price is constituted by those who trade these futures - banks. There are 3 major traders in the market of oil-2.80% - JPMorgan , Goldman Sachs, Citi, in their turn they are getting money from the Federal Reserve System . And the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger. That why in the first quarter of 2017 the oil-2.80% price will be 12
