See chart´s previous friday and monday price action. Use small % risk (1% tops).
WTI Crude Oil Im expecting a bearish move at 50.85 (BAT PATTERN) TARGETS: 47.21 (Daily Support) + 50.00% FIB retracement Enjoy Like and Follow for more charts.
Hello, Description on the chart. Even more safe bet would be to wait to see if there is a break below with conviction or a break above with conviction. GL
oil trading around 46.45-46.5 level where Weekly top seems around 47.8 below that level a big drop expected Advice to sell in range of 46.45-47.5 SL 48.2 TP 42
The daily time frame shows that oil is heading to the lower orange trend line again. Stoch indicator is also supporting this indicator thats its a clear sell. Oil is also still setting lower highs and lower lows. However, oil has already completed the bearish 5 wave Elliot structure. This is usually followed by a by bullish wave structure and indeed we can see a...
Hi Seildev here, Will be looking at shorting USDWTI/oil this evening. So far we have a very nice confluence area and key support and resistance of 47.1 - Structural trade - 47.1 Key support/resistance - 50 EMA acting as resistance - 50% Fib Safe trading
Short Broke through support and retest good to short. 44 First Target 39 Second target 49.85 Stop
I think OIL will drop from here we see a double top pattern form and on a daily chart a double tweezer pattern. It has also respected the down trend line and as we have confirmation due to price action i think this has the potential to drop 400-500 pips. Let me know your thoughts!
Price is re-testing previously broken daily support trendline.
HnS formation. Trendline breakdown. Good RR. See price action at pullback to 0,61 Fib. Use closing prices.
Seems like the earlier oil caution was warranted - Strictly from a technical standpoint I am now expecting oil to return to at least the $50 level. I am not trading oil directly, but I am taking advantage via CADJPY. I am also short GLP. For free signals, head over to the FB :)
oil trading around 53.5 level as oil inventories price can up but Strong Resistance above 54 level were on daily chart we can see strong supply zone around 54.5-55 level if hold below 55.2 we can see a correction toward 51-51.5 where if close above 55.2 then it can shoot up toward 58-59 level. use small lot sell advice from cmp 53.45-54.4 sl above 55.3 TP 51
If we look at the chart here for oil we see that we may need to exercise some caution... The price is open under the 9 day moving average, the RSI is showing signs of exhaustion, the stochastics have movement a bit down and the MACD looks like it wants to start flipping. Now, is this the time to act? No. But you may want to take some profit if you have open oil...
UKoil 60min, doble/triple top, FLAT BEAR DVG, short-possibillity. But wait for confirmation down, maybe under that red VWAP-line If it break's up above $56, then I don't know, if this idea is that good any further.... So it could be smart to look for what those next candle's become, b.c. oil look bullish in this upmove.
Oil Inventories Crude Oil 869,000 Barrels Petrol Drop by 3.7 Million Barrels US Oil Imports Down US Export Point (Oklahoma) Inventories Down Resistance 49.7 Strong weekly at 50.5 if hold below that level we can see a drop toward 47-47.5 Advice to sell in range of 49-50 sl above 50.7 TP 47
Dear shorts, I know most of us are extremely frustrated with the situation of OIL in the past (almost) 2 months. Whilst it should have retraced a long time ago, it can't seem to do so. In the early stages of this short trade, mostly technical indicators supported the idea whilst in the past ±4 weeks fundamental factors should cause oil to crash, since despite...