Crude Oil possible correction to setupMy last call on Crude smashed the target well above 1,000 pips, at the moment it is almost testing its multi months channel top, however trend still is very much strong, i am looking for a linear compression to be forming at the top of the channel. Expecting a correction there so I could look for sell setups, keep eyes on this market for a possible sell swing trade.
Happy Trading.
Usoilsignal
USOIL Signal for short. The best place for open deal is near...USOIL broke down key sell zone $66,40
Few day ago OPEC announced that they are increasing production of OIL. That means price can continue to move down. The best option is look for short on PullBeaks. Key place for open sell is near $66,40. Meddle — term goal could be 4 — month low $58
USOil - 300 Pips+ Short OpportunityUSOil has broken it's support and is currently in a bearish trend. The loss may possibly continue further down until a strong support establish itself.
This is only an idea and as always invest after your own analysis as well as money manage properly!
Happy Trading!
USOil - Watchout for the break - 200 pips+ OpportunityUSOil is currently in a consolidation zone. Keep and eye on it for when it breaks out.
I am still neutral to whether it can go up or down. However, I do know that once it breaks out it will have a big move.
Always trade after your own analysis as well as money manage properly.
Happy trading!
USOIL short based on trading system.I will begin posting both backtested, and live trades with updates using the set of rules I've developed for short/long entries across 5 min, 30 min, 1 day time frames.
This system merely runs with trends and exits for this purpose are based on a set of rules.
On equities this system is mostly successful in a long only strategy as short side moves tend to be too aggressive to generate a return large enough to justify the risk level taken.
I will be testing this primarily on SPX, USOIL, BTC, and a few equities.
I appreciate any and all input.
Crude Oil (WTI) Daily Chart : Consolidation in PlacePivot: 51.65
Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension.
Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets.
Comment: as long as 51.65 is resistance, likely decline to 45.00.
Supports and resistances:
55.00 **
53.60 **
51.65 ***
47.14 Last
45.00 ***
43.75 **
42.10 **
CL Monthly Technical Outlook - 9th July 2016From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs.
In the near term, oil prices could remain range bound within 48/49 and 44/45 levels.
www.tradingsignalreviews.com
USOIL Choose short entry 54, SL -55.00 It has been quite long that we did not do any OIL trade
since the last time break out(52.5).
But on 23th Feb I found a structure that has reach pressure zone.
And we tried to sell @54.7,and closed @53.5,got 120pips profit.
54.00 is the previous support and now become resistance.
Choose short entry here, SL above 55.00
Aim 51.5 !
I hold a point:Good charts does not more words to explain! Good luck!
The process of losing all margin in generalThe process of losing all margin in general:
1 the first few deals are profitable, usually at 1pips to 10pips
2 traders feel good, I think the correct rate is 100%
3 start a new transaction, in the case of 100% confidence, no longer set SL, and then began to float loss.