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OIL-SELL

Oil Sell IdeaD1 - We have a critical resistance zone at 60.00-60.40 and the price is holding below it. Note: Currently the price is bouncing from the critical zone formed by the fibo expansion and fibo retracement levels, so short term bullish moves are acceptable and valid here. H4 - The price is currently moving inside a short term bullish channel, We may now start looking for bearish setups with bearish evidences in order to join the bears. Invalidation: This sell setup is valid until the daily downtrend line holds. If the price moves higher and breaks above this dynamic resistance then this sell setup will be invalidated.
TVC:USOILShort
by VladimirRibakov
4
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.
TVC:USOILShort
by VladimirRibakov
1
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).
TVC:USOIL
by reembegil
3
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!
NYMEX:CLK2017Short
by smitheric1970
9