Hi guys! 👋🏻 🔔 Seems like oil restrained from the further downtrend. 🔔 Brent recently touched 100MA and an important dynamic support 🔔 MACD also signals an uptrend continuation of oil prices. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
USOIL Long Setup 👉🏻 As mentioned in the message last week, IF price breaks this triangle, it will also be breaking a major descending trendline, hence the bullishness in CAD pairings.
according to Elliotte wave analysis the chart is on fifth Descending waves and Descending is go on
As shown in the chart, a possible wave count for M/T to L/T scenarios may be in the pipeline!
Happy New Year oil traders! I hope everyone had a profitable 2019 and will have an even more profitable 2020! I started looking at USOIL in different chart views instead of the normal 15 minute chart or daily chart. Looking at the 1 hour chart I see this nice climb in price and then this huge rounding over. I also see a divergence between the Stoch RSI and...
All non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words...