Today was a good play for oil we sold the 88.5 to 86 $ Its ok that i think it can reach 85.5 but ill take my profit now Tomorrow ill be a buyer of 85.5 $ To 87.5 $ GOOD LUCK
I am looking for sell opportunity around 89 we have negative news around oil and China industry
Now oil reach the target in selling . WHAT NEXT !!!! I believe some pullback tomorrow to 90.5 Then more down ahead GOOD LUCK
Yesterday oil tried to pass the 93 $ but failed . In mean time formed a double top pattern . Not to mention we already failed to pass the Fib level 0.62 and cracked the uptrend and back test it yesterday . Going down to 88 is normal GOOD LUCK
Shorting Crude Oil to a RR of 0.75% to 4.8%. During the opening of the New York's market on Wednesday, there was a strong bullish candle as a result of the strong ADP Employment Change on the US economy, which accelerated the US dollar, this also had an influence on XTIUSD..... Now, i see a perfect time for shorting XTIUSD. NB: i'm expecting a price circulation...
This signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
This graph is a representation of my point of you of the futures market (USD).
Oil is still forming head and shoulders pattern Expecting an down movement on FED Meeting on Monday How the movement can be ? In my view , looking to test 89 -90 is still possible so ill be a buyer in opening But after it hit a 89$ ill take profit For all week i think down side to 86-85 is possible GOOD LUCK
The price of crude is pose to shock oil producing countries despite the recent supply cut to the global market, PRICE is currently stalling at $84 per barrel (minor zone) ,a break of this zone which is eminent will see the drop in price to $70 per barrel of crude
Oil is still have to go up on daily I mentioned in morning a selling trade just to be clear it can fail to success but indicators shows weakness and going down can be healthy Bear on mind , it can go to 89 area , if its faild then down side will be massive That why iam focusing in selling now . HEAD AND SHOULDER PATTERN WILL PRINT SOON GOOD LUCK
Now we sell this morning and close on black line Again we will sell in red line and take profit first in black line again then on 83$ GOOD LUCK FRIENDS
Selling oil from 92 $ Now its 83 We continuo selling to 80$ area The we might change to buyer ill inform when we reach Keep on touch GOOD LUCK
We keep making lower highs and lower lows so I'd rather going with trend than fomo in. We might see reversal if that area is broken
since market opened oil gapped up into a bearish order block on the 1hr, 4hr, and also daily. The trendline also still holding under the last lower high so even more confluence im looking for a nice move down it could retrace after filling that low or just keep pushing down since bias is still overall bearish
This signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
Oil has been consistently declining since its last top, trading in a descending channel with lower highs and lower lows. I've highlighted the key areas of support and resistance for oil to help you see the broader picture. You may take advantage of this if you want to swing trade in the channel.
📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz ...