Oil. WTIUSD Reversal soonI also do not think we are finished moving down with Oil. I think we are in a complicated expanding ending diagnol and can reach $47 range in a week or so
UWT
Oil at 65 by summer. hold your breadthI dont see oil going above 65 unless some major event happens. If crosses 67 then its a breakout and oil can goto 100 as well. But who the F care so much. Play for next 3-5 months only.
Lowest oil can go is 48there is a strong support here. i want it to o there in next 2-3 days and let all weak hands go away. Load all oil stocks big time at 48 for long term. Lots of places, oil production is reduced and stopped. Automatically DRAW report will come soon and this will be ready to fly high. I dont know long term how high can it go but targeting 48 as lowest near future.
USOIL - Will we break below 52's.00 ?!US has been in an extreme bearish trend for the past few weeks. If price breaks below 52.00, on a technical basis, we may expect price to fall towards 44
𝗖𝗿𝘂𝗱𝗲 𝗨𝗽𝗱𝗮𝘁𝗲: $CL_F Daily. Recession WarningLoses 50.51-51.00 support area and recession closer than many think
A 100% realization journey will start againFollow this wonderful arrow with us
We previously achieved nearly 100% as profits
And now we have very important support at 10.53, we should not close below it
A bounce of green is expected if the bounce occurs and support is maintained
The target is close to 24
It means another 100%
USOIL - How much higher?!OIl has been pushing price up steadily for the past weeks.
Will price go higher or can price come back down? We'll be monitoring price in our circled area
USOIL - Price dropping soon?How much higher will we go?
Price has printed a rising wedge pattern indicating exhaustion in the market. We will be waiting for a break of trend with corrective structure to the downside.
USOIL - Channel Breakout Last week we had a massive push to the downside breaking the trend line support. We may have a pullback/retest to 56.25's before we make a further push to the downside. If price indicates sell confirmation at retest, we will be entering short positions.
USOIL - breakout planPrice has broken out of our H4 ascending trend line. We will be shorting oil if and only if there is added confirmations to show this is a true breakout.
Price is below our 180 ema and resting below the 55.50 resistance. Looking to target 53.70 's
USOIL - Breakout of key level structureOil this week was ranging between key levels 56.25's to mid 57's.
Price finally broke through our key level support of 56.25. We are expecting a retracement/retest back to this level before price may further sell off. Looking for sell positions at our retest zone if price gives confirmation.
If price continues to push downwards, we can expect prices to hit the 55.40's.
USOIL - Potential Breakout PlanPrice has met strong resistance @ the higher 54.00s. Looking for price to break into the 55.00s before we make entry to the upside. Looking to target 56.50-57.00
USOIL - Head & Shoulder Breakout PlanUSOIL has formed an inverted head and shoulders pattern. We are currently at the neckline ~53.60's where price has touched many times. If price breaks, we can expect price to move to the upside.
Price could move up to the first zone @ ~53.97 then we may find a retracement/retest of the neckline before price moves to ~54.30.
Waiting for breakout as confirmation before we enter.
Buy UWT for potential 20%+ returnUWT (Oil) is extremely undervalued in comparison to its price over the past couple years. Great buy for a potential 20%+ return.
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AMEX:UWT
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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...
$UWT$UWT looking like a double bottom for the crude oil futures. Hoping to see a big bounce next week.
Double bottom: A decrease of 10-20% from the top to the bottom and the second bottom occurs within 3-4% from the first bottom. RSI is also low and MACD looks to be trending up.
The month aheadWe have a couple big events and meetings happening this month. Oil is likely going to return to neutral before its next move.
Short term bullish pump into Catalytic events
G20 June 28th through 29, 2019 Osaka, Japan
OPEC Meeting June 26, 2019
Clear trendline formingI love it when people flip the switch on headlines. I can't even keep count on how many misleading articles I've seen in the past. Either way, save the drama for your mama and buy this dip
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