Hello guys, As we can see we had a really big drop at 2008 when the crisis hit us, now this time is even harder as we touch the LOWER levels of oil price from the history. Be careful with your purchases now, market downtrend will start soon and markets will hit bigger lowers again. Thanks. Regards,
Hello everyone, first of all we see that we are in bearish with high resistance with the green EMA so we will wait until the market open, wait for a pull back and see if the the price break below our support + a confirmation form volume indicator (high red pattern), that will be our entry point with 1:2 risk reward , and if the price break above the green EMA it...
TVC:USOIL CURRENCYCOM:OIL_BRENT FOREXCOM:WTIUSD
The oil still very bearish! For those who look for buy the oil, I recommend being very cautious and waiting for breakouts of the important levels!!
CURRENCYCOM:OIL_CRUDE TVC:USOIL FOREXCOM:WTIUSD
Use this as a guide to develop your view of the chart: Main items we can see on the Daily chart: a)The price is on a support zone, making a corrective structure b)We can see on the past a previous scenario (check the circles) where the price made a Corrective structure, and after that, a bearish movement started. c)Currently, we are waiting for a similar...
TVC:USOIL TVC:USOIL TVC:USOIL
It looks like oil wants to test the lows again. Goods odds for limit buy entries around the 0.875 retracement @ 5525. For now standing pat.
after we've seen a wave three we anticipate a new lower low that will be caused by the wave five before the oil start recovering if the price breaks 58.12 level the scenario will be invalidated
after an impulsive wave to the downside that contains 5 motive waves which a wave a in the higher degree (Micro) , we anticipate more drop with a 5 waves after Forming a corrective wave pattern from 38.2 - 50 - 61.8 Fib level from the last Impulsive wave . If the price breaks 60.99 level the scinario will be invalidated .
OANDA:WTICOUSD has now approached buying zone. The following trend indicator is based in a combination of two bollinger bands with both one and two deviations. When the price enters the higher-end of the channel, it means the trend has started and its time to buy now. The current political tensions in the middle east should provide some support to the current...
Oil will face more drop for finishing wave five by breaking 60.37 level the scenario will be invalidated .