Crude currently seems to be in the ending stages of the first Impulse down from 72.87 level. This Impulse down was sharp as is expected after an Ending Diagonal is formed, from what is visible now we can complete this leg down near 64 or 63.30 level and from there form atleast a 3 legged correction to the upside for Wave 2 or Wave B which can take Crude possibly...
Technicals perfectly matching on this charts. Momentum slowing down as you can see on the RSI. On the lower timeframe (daily and below) we recently saw the impulsive oil drop that does not look like it's going to stop really soon. Price may go up towards the 75 level and build up some decent resistance right there before it drops down. The trendline from June...
I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for NEO! But wait NEO to buy,...
Oil chance to go long to $62.90 or short to $60.40 between the horizontal pattern now. ($61.15 is a resistance within the short-range) best to wait now. The Oil price is exactly between two bollinger bands , which means price- fluctuations and opening positions most of the time means losing money....
oil now 61 S sell and short light crude oil to 50$
Oil 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...
Trading Signal Short Position (EP) : 63.05 Stop Loss (SL) : 63.75 Take Profit (TP) : 62.00 Description CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then,...
If you think this move in the markets is enough to rattle your nerves, imagine what a move lower in OIL would do to the markets? OIL has extended nearly 100% beyond recent price rotation and has setup a nearly perfect rotational top pattern. If is my opinion that OIL will likely rotate lower towards $60 in the immediate future while the US majors rotate through...
Brent crude oil is starting to show bearish signs and a potential reversal. Our major support remains at 68.60 (Fibonacci retracement, horizontal overlap support) and a break of this would trigger a bearish move down to support at 65.98 (Fibonacci retracement, horizontal pullback support). We can see that price has made a recent bearish exit of an intermediate...
this is my final call on oil, if this trade fails, I quit trading for good, I say we short Oil for it shows that it will return to the base of the trendline
It seems oil has hit a heavy supply zone, I expect prices to fall atleast minutely before a retrace dislaimer:- please note, I am not responsible for your financial decisions in anyway
As i mentioned in my previous post, USOIL touched the channel top (channel exists since 6th of October). Stochastic and RSI also indicates a SHORT correction coming. USOIL is going to touch the bottom of the channel, maybe even break it! In longterm it is still bullish because of the international news. PLEASE SHARE YOUR OPINION! If don't agree, comment. If...
I'm expecting a short here but either way, if it a 1 hour candle closes outside of the box I will enter a short. For best results, watch for it to close outside of the zone and then re-test the break. Possible trend change longer term as well so you may be able to hold long term (Much longer than the three TP's.
even all support oil this time the techical analysis still the same i enter short for a legit pullback also Wti is mmuch in overbought territory enter at 57.35
Though oil is quite bullish here I'm playing for a 4$ (maybe 5$) drop ( not 44!!!) on my private account for a testback of the blue trendline or the 50 SMA. The RSI is printing a divergence and I think when the dollar is printing it's last bounce in the following weeks that will affect oil also, so it can drop into its daily cycle low. It's not a "Let's bet the...
short setup this trade only for few days might be end of tomorrow Friday, as i had 3 short trades at 49$ Good Luck All ,,,