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Crudeoilwti

CRUDE OIL (WTI) PENDING FOR A SELLCRUDE OIL WTI SHORT There been a major consolidation between the 2 lines drawn there at 49.66 & 44.33, It's printed a bearish engulfing 2 weeks ago but still managed to consolidate at the other S/R, so what in order to short it, the candle MUST close below the 44.33 mark. TP would be at the next S/R which is 39.85. IF it prints a BULLISH ENGULFING, then we may consider a buy up to 49.66... OR better yet, be patient and see how it plays out near that level. For now, we are eyeing for a short once the break happens.
FX:USOILShort
by scalpking
CRUDE OIL VIEW WITH POSSIBLE CYPHER PATTERN [LONG]HI All, This is my first post in TradingView. A complete hypothetical view from my side. Here is my 4hr TF chart with possible Cypher Pattern. I am expecting this current upside of crude will last till $4940 to $49.90. And it would fall back(retrace) to $44.3 to $44.80 zone. We could it for short position too with $51.5 but it would be a bit risky. Obviously it would take a 2-3 months time to complete the whole pattern. I am looking for long position once it falls to $44+ zone with $42.30 as SL. FX:USOIL
FX:USOILLong
by Gallop
5
They broke the uptrend but are reluctant to sell it further.Crude did not roll over and die after breaking the uptrend. A BIG emotional candle after a disappointing eia report broke the trendline dating back to january, but what puzzles me is why it did not break down further after the retest of that line from the back. Maybe they are anticipating the BIG DRAW eia report on wednesday and therefore hesitant? Or is this just a corrective structure (the overlapping price action would fit that) and are we coiling for a bigger move up? As always, price will tell us. I have marked out some possible scenarios.
NYMEX:CLQ2016
by copydrbij