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Oil(wti)

Oil - No freaking clue what will happen...Oil is somewhat of a pain in the a** right now as there are 2 big possibilities … Either big move up right now or a big drop that will kill positions of all those who bought at highest possible price after the Saudi Attack this weekend. For today, as shared with my members 2days ago, we should see at least a 3 waves rise, stopping around the 61.8% retracement level ideally. ------------------------------------------------------------------------------------------- Don't hesitate to like and share my ideas Also, Subscribe to my FREE Telegram Channel for MANY more updates t.me If you have ANY questions, reach out to me through comments, chat or my Telegram t.me
TVC:USOIL
by ElliottWaveBelgium
San Juan Basin #Royalty #Trust ($SJT) #Dividends Extremely undervalued royalty trust (MC ~ $100 million) which has a dividend yield of almost 12% p.a! Buy signals @ 1W TF (also confirmed by 1M TF) - RSI hit 23 and is bouncing upwards - MFI@8 - StockRSI slowly turning bullish - MACD will cross bullish soon - Bullish W-pattern in MACD histogram - WaveTrend oscillator generated a buy signal! Heavy Entry between $2.12 - 2.35 TP1 @ 3.98 TP2 @ 5.33 I´m not a financial adviser. For educational purpose only!
NYSE:SJTLong
by PatMoar
HUGE WINDOW ON OIL!!! WILL IT CLOSE? BULL TRAP OPPORTUNITY-Over the Weekend we got fundamental news that skyrocketed the Oil to the Highs of $63 -Couple of hours ago, news came out that Saudi oil output will return sooner than normal What does that mean for us? -if we didn't get that recent news there was a good chance oil would have continued to rally without any major retraces due to oil shortages -with the news update expectations have now changed maybe we rally but not as high as we thought therefore a retrace is now likely **NOTE** I have always been taught that whenever a window or gap is opened in the market ....sooner rather than later the market will try and close the window/gap. For those who don't know... It is because so much money came in that price soared without any fills so closing the gap will fill remaining orders and price should continue in the same direction. Keyword should. Beware not all the time. What am I looking at... - the news candle broke the ema which lets me know the trend up is in danger and bulls profited and bears came in --doing a fib of that move (yellow fib) confirmation is that price bounced hard off the .50 -if you notice on the chart I have marked the last chance bulls who are protecting the open window support zone which sometimes is used as support as you can see from the inital bounce up to 60.70 area -the fact that bulls have tried 3 times pushing price up and getting weaker every time tells me that are about to get trapped which will provide momentum to close the window - Below Im proving the H4 WTI OIL chart that doesn't even show a gap so unaware bulls don't even see whats happening -Also currently OIL has been in a roughly $10 dollar range from $50.50 - $61 - the news extended us to the 1.27 which if we are still range bound should push us back to the .50fib which coincidentally is RIGHT AROUND THE WINDOW CLOSE!!! It also doesn't hurt that macd and stoch is coming down which is bad news for the bulls.. As the better trade would have been from the .50fib on this news move around 60.70 but I caught it late so there goes a beautiful low R:R trade. But we are hunters we set the traps and go eat. Right now going for a momentum trade taking out the weak bears and having them run for cover. Im entering on any retraces here with stops above previous to last H4 candle 60.50 SL aiming for 56.40 TP1 and 55 TP2... I don't always know what Im doing but when I do.. I'm pretty amazing! Happy Hunting Happy Trapping BooBii Make sure to like... comment ... and subscribe Any questions feel free to ask... For what I don't know... I just don't know... But what I do know I'll gladly share...
NYMEX:CL1!Short
by rickyboobii
XAUUSD, USOIL: GOLD Sinks, WTI Mixed!I have been bullish on Gold but the current structure is not yet clear. We could see a wave 2 completion and then go for wave 3, or that was it - the multiyear record high ended with a B correction neat $1560 and we now expect wave C to take place. I lean towards the formed scenario. What's your take? Geo-Politics likely to positively affect gold: - US-Sino trade talks - Hong Kong unrest - North Korea missile test - US-Iran tensions Geo-Politics and Economics likely to affect oil: - OPEC-led cuts - API and EIA - John Bolton departure - US-Iran tensions Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
FX_IDC:USDWTI
by Orbex