After having 200 pips in oil again time to sell Crude Oil Inventories supply to much then supply if news impact we can see oil 50.5-51 where usdacd 1.325-1.33 sell oil in range of 51.65-52.6 sl above 53.2 TP 50
Oil trading around 53.95 level Daily Strong supply zone above 54.5 level and oil news yesterday also bad Simply 80 pips Risk Sell oil cmp 53.95 sl 54.7 TP 52
Commercial hedging short interest is at multi-year highs - back to where it was in summer 2014 when oil topped at around $100. Hedgers are locking in current prices as they believe they are extremely attractive in the medium term. Speculative positions are also at multi-year highs - making oil prices prone to a downside squeeze. WTI may have set in a near-term...
Short Oil Intraday. Excellent High Probability trade opportunity.
Simply news Trade Sell oil in range of 52.65-53.6 sl above 54.5 TP 51 US Crude Oil Inventories supply more then demand Seems bad for oil
I ended up holding my short position today, still in the hunt for the 40's. Bear divergence still there, RSI trending down towards oversold. Oil seems to be bouncing in between the two light blue bars, watch for a strong break either way. Pair this with my other ideas.
Looking at a possible pull back to 50.00 area before further upside possibility.
Still short from $54, have not sold or added to my position at all. Blue line: $52 transition line, this line needs to be broken strong for us to head lower imo. Red trend-lines: We've see an increase in prices, with declining RSI. This is a bear divergence.(whether or not it will play it is another story, yet I believe it will) Orange line: This was a bull RSI...
So I didn't sell any of my $54 oil shorts today when it rebounded, I just moved my stop to break-even. Today we saw a major miss in inventories, which was initially bearish, but was somehow bullish? I'm still short because of the numerous reports that essentially the OPEC "cut" is garbage, and on top of that oil inventories are growing, while demand remains...
Continued idea from previous. 1 - The current trendline looks to be tested within the next few days, look for a bounce (long), or a break (add short). 2 - This red horizontal bar is around the $52 area (key transition area), it broke today, and closing below it over the next few days will be a good sign for shorts. 3 - Most big players got out December 30th,...
look the chart simple price pattern + japanese candlesticks and indicators filtering
Continuing with the idea published the last week. It may be starting the third wave (short) today. My recomendation: enter when the price breaks 52.74 and enjoy the sell!
Wanna show more detailed chart related to previous one with oil
Dollar strength is here to stay. Fiscal stimulus, rate hikes, $10 trillion off-shore dollar debt, rising US yields, DXY breaking out of a multi-year consolidation zone. The attached chart shows a strong INVERSE correlation between DXY and oil. As the dollar strengthens, the oil price soon follows. At present, there is a MASSIVE divergence between the oil...
Triangle suggests one more pullback, and possibly even to range low of 42.80. But it looks like it will break 52 next year.
Oil Trading around 50.75 once Again oil Reject above 51.5 level drop badly from that level and also going to give Day closing below 51.5 which can move a corrective move toward 48.5-49 level. Advice to sell in range of 50.75-51.8 sl above 52.5 TP 49
The same format is happening again, last time we had nice uptrend and it gave nice profit to us. i hope the same way we can reach the 39.64 . Trade with care, Its just a idea