WTICOUSD SellHi All ,
Price broken down from rectangle range , with Bearish engulfing candle . Sell till next support as Tp1 and Tp2 D1 uptrend channel trendline .
Sl to entry .
Many Thanks.
OIL-SELL
Oil Sell IdeaH4 - Bearish convergence. we may now look for pullbacks and sells.
H1 - Bearish hidden divergence forming.
We may now expect one more push higher from the current zone towards the critical zone, we may then start looking for sells with bearish evidences
Invalidation: This sell setup is valid until the high (marked in red line) shown in the chart holds.
Oil Sell IdeaW1 - Multiple false breaks, bearish divergence and the price is below the critical zone.
H4 - We have a critical zone that has formed.
Currently everything looks good here for the bears, if you find a good risk:reward ratio you may then start looking for sells with bearish evidences until we get any opposite signs.
Oil Sell IdeaH4 - Price broke below the uptrend line.
We may now expect pullbacks to happen towards the zone shown in the chart.
Once the pullback completes itself, we may then start looking for sells with bearish evidences.
Oil Sell IdeaW1 - Potential second false break with bearish divergence.
D1 - Price is currently near the middle of the range.
H4 - We may now look for pullbacks and sells.
US OIL - $90 or $50 first?? My vote is $50Spotted a potential sell zone on Oil. I'll be playing this one. Look for reasons to sell in the red, green are the normal targets, however they are obviously unrealistic. I'm shooting for $50 as my target.
As always KISS applies. Keep it simple, keep it consistent
Oil Sell IdeaW1 - Bearish divergence forming.
D1 - Bearish divergence forming.
H4 - Price has currently reached the critical zone, bearish divergence forming. Once the bearish divergence completes itself, look for evidences of bearish reversal and start looking for sells.
If you want to be more conservative then wait for the price to break below the uptrend line and then start looking for sells.
Oil Sell OpportunityD1 - Special cycle completed, we may expect price to move lower and reach the targets. Extreme divergence.
H4 - If the price breaks below 62.90, we can start looking for sells.
Oil Sell IdeaW 1- Inverted head and shoulder pattern completed, we may now expect the price to recreate this pattern. Neckline of this pattern also acts as a downtrend line. In short term we may now expect correction, retest and move up again.
D1 - Special cycle completed, bearish divergence formed. We may now expect the price to reach the 38.2% and 50% retrace of this special cycle. This zone also coincides with the weekly downtrend line .
H4 - Bearish divergence, if the price breaks below 61.07 it will open the door for the bears.
Technical Analysis WTI January 9th 2018After an upside rally since June 2017, the WTI found a "two year" resistance (May-June 2015) at 62.50. If the price breaks above this resistance zone, it is a good opportunity to "buy and hold" expecting to find the next resistance level at 67.
Otherwise we can sell short, expecting the quote make a retracement at the fibonacci level 0.236 at 57.70 (previous: resistance-support zone) as a first bearish target, at this level my recommendation is to wait for confirmation to buy (keeping the bull trend), if the price breaks below this point, our next target is the fibonacci level 0.382 at 55 (previous: resistance-support zone).
Oil - Back to SupplyIn my 'Oil Meltdown - What Now?" chart, Prices reach their first Target Price but have rallied back to the original Supply level where I expect the selling to again occur. That analysis was on a continuous chart and the entry and bottom target is lined up with this K (May) chart view. With the DX relatively flat this price drop would require a couple weeks of bearish reports; while good sources are advising continued bullish reports, when bullish sentiment gets too high, I expect the market to off-balance and trap the majority.
I still have existing short positions form the trade mentioned above but will be adding or advising to open new short positions between 50.90 and 51.16. Bullish reports could quickly squash this trade so be sure to set your SL.
Trade:
Short Entry: 50.90-51.16
SL: 51.75
TP1: 48.95 (Close Half Positions)
TP2: 46.10
Again, please take a look at my "Oil Meltdown - What Now?" chart for a view on the continuous chart, retrace to initial supply level and ascending trendline.
Comments, questions, criticism, fundamental views are all welcome,
Good trading all!
OIL Might Topping out Retest Sell Flag Pattern IF 47.64 successful break down again , then we can sell it down to 46.85
sell oilon Strong Resistance around 46.7 level and double top on H1
SEll oil cmp 46.20 next pending 46.9 both sl 47.6 tp 44
USOIL: Bear Cypher at MarketHi Traders, I hope you guys are having another good week trading.
USOIL has completed a bear cypher pattern at $41.31, just above current market price.
Entry: $41.30
Stop: $42.04
Target 1: $40.59
Target 2: $40.07
I only just spotted this and am not yet involved. Looking to sell as per the above details.
Luke
Oil Sell RalliesOil looks great for a short. Daily divergence supports us and the up trend line on D1 is still far away. I'm looking to sell rallies around 48.80 up to 49.20 zone.
Wait for a Signal Recent downtrend in crude oil probably will countinue following months. It could not break the R1 level (0.63 level) and with the high chance it will get down to S2 level (lowest level in 2009) (strong support level in 0.76). Which will end up seeing perfect Gartley in R2.
You can trade with the structure levels or you can wait for R2
Good luck
Two OpportunityThere is two Opportunity available to trade , One is you can buy now with stop of $32.20 . and target will be around $35.30
And second is you can wait for market reach its resistance area so you can sell .
