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USO

USO

cl, oil, trading for Oct 20th Today due to oil inventor report at 10:30 and interest rate announcement at 2:00 the red zone will be larger, And this also makes since seeing that after RTH session yesterday we forma big balance zone. I will be careful today but until we clear this zone will be looking for trades back and forth inside the red zone.

Updated

oil, cl, trading for Oct 29th we are moving in a downward direction and could see this continue to at least 54.25 area. I would like to see a bounce up to short but will see how we act around the red zone. a move back above 55.60 should take us back into the upper distribution and have us enter chop around 56

oil, cl, trading for Oct 28th The current move is long in a balancing consolidation and will need to move above the red zone for further up move . If we can not get back above I will be looking for oil to consolidate and then test lower prices again, and as a guess only I thin the 56 area could be oils happy area for a while.

Updated

cl, oil, trading for Oct 25th Oil is trading in a consolidation at the top of this current range and looks like it wants to go higher. Will look long up to the 57 area on any action showing long prints

cl, oil, trading for Oct 24th Oil on a strong move as mentioned one should be coming and now doing a formation of a flag that could provide a further move higher. Inside the red zone are 2 of our prior support and resistance lines(blue) and figured i would leave them on the chart today. I will be looking for a pull back down that I will be watching to see if it holds so I can get long, this might be a trade that goes past a day trade.

Updated

CL: OIL will find directin tomorrow expect oil will be in UP trend

Long

Updated

USO --- pressure in the Middle East, nothing but a distraction lets see if WTIUSD hits low to mid $30s; then time to long

Short

Oil correction then bull for years?$uso $uwt $dwt $usoil Potential descending triangle on OIL. Correction to the 30's? Massive bull run and breakout above? I think we'll see oil hit 64-65 before correction next few months and landing sub 40. How low that goes is not important.. This pattern should be concerning.. If oil ultimately breaks above (hmm, what would cause that), it's going to come at a heavy cost to the global economy. Not pretty...

Updated

ECA +36%: New bull market in Natural Gas Have a great day all and don't forget to check out the video linked below. Rob

ELong

11:43

by UnknownUnicorn266486

WTI Curde Oil: What does elliott Wave say about Saudi Strike Have a great day all!

Long

11:27

by UnknownUnicorn266486

XOP: will buy XOP around tomorrow noon Sep/10 2019 Maybe before EIA report, there will be a good enty

Long

Updated

Crude Oil: Look for a low between $53 & $52.44 Have a great day

Long

07:33

by UnknownUnicorn266486

1D) USOIL Bullish Gartley Pattern!Expect a short correction before any bounce!

Short

by UnknownUnicorn3827973

cl, oil, day trading for Aug 21st Oil has moved up into a very balanced distribution and is now looking to resolve one way or the other. This 45 tick range will most likely not contain oil prices today and will provide a good breaking trade opportunity. will watch for a impulsive move and trade the follow up to that break with trail stop tightening near marked targets.

Curde Oil Update: Capitulation for wave C, target $53 Have a great day all

Short

05:07

by UnknownUnicorn266486

Crude Oil Monthly In Descending Wedge WTI linear scale monthly study highlighting descending wedge and ascending channel.

by Fibonacci_Technician

Oil forming a descending triangle Oil is still in no man's land, seems to be forming a descending triangle, I see three possible scenarios. At this point oil is best day traded as there seems to be indecision on where this market is headed.

Messy Oil Messy Chart! WHats in the cards I posted recently the neck was broken on oil. The bears made out big! Now Bulls it looks like it is your turn. Volatility. I see $57-$58 for the bull run let's see! See my posts below to see the current Geometrical Frequency of Oil. -Coach Reeves

by chartmaster2000

seeing strong support here time to load the calls.

Long

by LetsBeMillionaire

Long term look. Strong support at 46 want few more days like to let all fat burn. but then big up days.

Long

by LetsBeMillionaire

Oil: Close below 51 might trigger a big sell off Oil chart doesnt look good for bulls at all, if it closes below 51 (which seems to be the "demand" line) we might see a massive sell off to last year's lows. However, seasonally oil rallies in August 70% of the time (long August 7th to 27th) It's in "no mans land here" basically with the conflicting signals , probably safer to just daytrade it until we get a clearer picture. **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just bunch of average traders sharing insights in a FREE group

Crude Oil price forecast Have a great day all!

Long

06:55

by UnknownUnicorn266486

How do you like the Frequency? Oil is its own animal Volatility Check it out! -Coach Reeves

by chartmaster2000

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