Oil is still bullish. As long as we are not breaking 59 dollarOil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd! The orange line is showing which point is the position we open a trade. Stop loss position and take profit position are very important!
My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Trade on technical-chart analysis! not on news and volatility!
Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
Now, I see a opportunity on Oil. The chart is horizontal but the upper horizontal resistance was broken at $59 dollar. I have pointed out the breakingpoint with the black vertical line! Last week it retraced, but when it stays above $59 dollar we are still in uptrend! Oil is just in horizontal pattern now.
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts.
- and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders!
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday!
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Oillong
Oil is still bullish. As long as we are not breaking 59 dollarOil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd! The orange line is showing which point is the position we open a trade. Stop loss position and take profit position are very important!
My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Trade on technical-chart analysis! not on news and volatility!
Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
Now, I see a opportunity on Oil. The chart is horizontal but the upper horizontal resistance was broken at $59 dollar. I have pointed out the breakingpoint with the black vertical line! Last week it retraced, but when it stays above $59 dollar we are still in uptrend! Oil is just in horizontal pattern now.
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts.
- and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders!
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday!
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Oil is still bullish. As long as we are not breaking 59 dollarOil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd!
My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market.
Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
Now, I see a opportunity on Oil. The chart is horizontal but the upper horizontal resistance is broken. I have pointed out the breakingpoint with the black vertical line! Last week it retraced, but when it stays above $59 dollar we are still in uptrend!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators
- and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders!
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday!
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
BRENT CRUDE OIL - BUY! Long Term At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month.
Now we've got little correction.
But we've got also a strong bullish chanel built from june last year.
So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year.
And one pink TL.
But I think zones and all that stuff could be only a chance for local correction.
First target is around 95 $ (pink TL crossing channel), second target 100 $ (psychological barrier) and then mayby even higher?
With this speed & movement in this channel we can reach 100 $ level circa september this year.
Negation of this scenario:
- of course if OIL break down lower range of channel especially in the area of zones or resistance - it could be biggest correction, consolidation or even change of actual trend.
- if OIL break up channel- then the appreciation can be faster.
I think TA in TF 1 Month could be very helpful too. Check up place's where the candle bodies contact each other in this TF.
And check up fundamental economic events such OPEC decisions and oil reserves.
Oil continues higherOil should continue its bull run higher after a short correction. Saudi's seem to be finally getting their act together, and with power consolidation, should be able to limit supply enough to continue this rebound in prices this year. Fed's higher interest rates should dampen the response from debt-laden shale producers. These should set up for long-term higher oil.
USOIL LongPlacing 3 Long positions for this week, entry levels @ 54,80/53,80/52,80.
Soft targets coinceed on multiple time frames to arrange arround 63,80. keeping an eye on 51,80 incase it gets that low might consider shorting a small position and then adding on the long in the 40s.
risk reward ratio of 3,14 makes this piece of the pie truly Pi
Long at 51.84 target at 52.76 on reverse H&SWTI just break a neckline on a reverse head and shoulders
i think the breakout of the reverse H&S is confirmed
also Irak news today make oil more stong so why not ?
enter at 51.84
targeting 52.77
Stop loss 51.50
gains = 91 pips
if stopped =30 pips
risk reward
1/3
USOIL - 1W - OIL Sellers about to get angry?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: USOIL
Time frame: 1W (buy now)
I have been watching oil very closely over the last 6 months and have spotted something very interesting on the weekly chart that needs to be talked about. So, one of my main indications of whether a move is about to become a "bigger" move is by looking at the MACD.
Currently the MACD is in an up-trending state and it has now started to cross the "centre line" (0). It is still not all the way through it and I think you will see over the next 2-3 weeks a grind higher. I have drawn an orange arrow on the MACD to show this.
The first target is right into previous resistance at the 54.30 area. This will be a good place to take profits. The second target will be much harder to reach but will be at the 200MA line on the weekly chart.
As oil can be quite volatile I would suggest only using small positions and low leverage where you can!
TRANSOCEAN LTD (RIG) Long TradeLong term position in TRANSOCEAN was initiated on 27.08.2017. The Stop of this trade is below 6, but I am willing to keep this trade as long as needed and possibly to reevaluate stop if necessary. Current Risk/Reward is 1.5. We are betting on the stabilization of oil prices and good chances the oil fracking industry will survive and the best companies will prosper in near future. The macro bet is on rising inflation and possible rise in Oil prices as well. Additional support is the extremely low financial valuation of this company.
OIL Reversal and all Importer LevelsAs you can see oil has got out of sync with the trading range, as you can see it happened 2 times before in this range and both time it was a reversal signal. Now we have the same situation again and also the price is nearing a nice support. ADX red line slowly starts to fade with green going up slightly and Stoch is close to a bullish cross over. So indicators arent that convincing yet. When we see a actual bounce back of this support it would be a nice entry for a buy.
I always like to get in early so I bought it already with a stop at 43.65 and a toke profit of 46.40
OIL LONG: The OPEC comebackMay is the month where OPEC and Russia meet once again to discuss an extension of the supply cuts. This creates a bull euphoria in the market, which combined with the technical indicators can make oil rocket to a (minimum) price of $55 (previous DCH). The 10DMA started curving upwards, whereas the RSI has a lot of room to move to the upside. Furthermore, volume started increasing today, which is a good sign of a trend building.
Oil - Be ready for a long? Or will it stay below that 200 day MAI am currently long oil - however, it seems like she got to the 200 day MA and can't quite get the strength to close above it. If she does close above the 200 day MA (red line) it'll likely be above the 50 day MA as well and I will maintain my buying positions. If it closes above the 200 day MA and can stay there for a couple of trading sessions I'll open an additional position as well. The MACD made a cross up - the RSI looks good at having moved above the 50 level - The stochastic looks like it wants to embed.. But caution is advised and entry should be postponed for the next few sessions at least. This action is based very loosely on OPEC "victory" and could just as easily slip up come the end of the month.
If she can't seem to get up the muster to get above the 200 day MA - I may consider closing the long and opening a short (pending MACD and RSI confirmation)
Right now I have my SL set at 47.
Oil and Cad can b Strong on News from sources in OPECOil News alert
OPEC, non-opec Oil producers considering extending global supply cut for nine months or more - sources in OPEC
this news can make oil 47.5-48 Strong support 45 if breaks 48 then next 50 level
Where usdcad can drop toward 1.3450-1.35