USOIL Trading PlanPattern: Channel Up.
Signal: (A) Buy if the Lower Highs trend-line breaks (B) Sell if the Channel Up breaks downwards.
Target: (A) 43.50 (just below the Resistance) (B) 37.10 (just above the Lower Support).
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Energysignals
OIL Buy SignalPattern: Megaphone on 4H.
Signal: Buy as the price broke below the 4H MA50.
Target: 44.00 (Higher High of the Megaphone).
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OIL Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bearish as long as the 42.50 Resistance holds, (B) Bullish if it breaks.
Target (A) 43.30 (Higher High of the wider Channel Up), (B) 40.50 (just below the 4H MA50 and above the dashed Higher Low trend-line)
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NATURAL GAS Buy SignalPattern: 1-month Channel Up
Signal: Bullish once the MACD turns bullish within the Triangle. Potential rebound zone as seen on chart.
Target: 2.030 (Resistance 1).
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NATURAL GAS Trading opportunitiesPattern: Channel Down with underlying Bearish Megaphone on 1D.
Signal: (A) Bearish if the price breaks the MA50 (blue line), (B) Bullish if the price breaks above the red Triangle.
Target: (A) 1.500 (just above the Support), (B) 2.140 (projected contact with the MA200 (orange line)).
Previous successful Buy Signal on Natural Gas:
Camber EnergyStock Symbol: CEI
Getting candle cross on weekly, bounce around previous low.
This is looking like a shift in momentum to the upside.
Accumulation phase
Diversify and use 5% stoploss
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USOIL Action plan after the InventoriesPattern: Channel Down on the 4H chart.
Signal: (A) Bearish as long as the 4H MA50 is intact and (B) Bullish if it gets crossed.
Target: (A) 15.00 (-40% fall as in the previous Lower Low sequence) and (B) 34.00 (the previous Lower High of the pattern).
Previous signal:
WTI OIL Can the road to $70.00 be that easy?I am not going to over analyze this. Just a little possibility that the pitch fan indicates.
As long as the median provides Support (which was converted from a Resistance on the previous bullish leg) the 70.00 medium term target is possible. These indicators show that under those circumstances another +11% bullish sequence is certainly possible.
I know it may seem too ideal to be true but patterns serve this purpose. What do you think?
USOIL (WTI) Previous Resistance turning Support?We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy?
Two scenarios:
1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice.
2. The 1D Channel Up pulls back and makes a Higher Low near the inner Higher Low Support (green line).
In both cases my TP is 65.00.