October was phenomenally good for WTI oil trading. My last target for the long trade is lying on 60 level. Those who are looking for a short trade, focus on 60 - 61 resistance area . this area was respected multiple times by the market in the past and, in my view, it is the safest zone to sell. for now, it looks like bullish tendency will remain and...
Bearish engulfing Price rejected right under MA200 Keep eyes on WTI, may look for opportunity to go short
HEY GUYS, WHAT'S UP, HOW ARE YOU TODAY? HERE'S AN IDEA ON UKOIL (BRENT). DETAILS SEE CHART. NOTEWORTHY PRICE/RSI DIV ON H1 SIGNALING REVERSAL/WEAKNESS. I EXPECT PRICE TO MAX OUT VIA 3 DRIVES PATTERN NEAR 63.40-60 AND MY TARGET IS 61.00. USE A TIGHT STOP LOSS AND CONFIRM 3 DRIVES IS COMPLETE BEFORE ENTERING ON SELL SIDE. GOOD LUCK AND LET'S SEE WHAT WE GET! ASGCORP
USOil Broke correction up Trend Line which is mean continue it's original Bearish Trend after 61.85 fibo correction WTI broke Key Level @ 54.60 volume profile show that price already enter high volume area and shown full down to HVN level
after a retracement from the resistance line of the channel, bears are approaching a strong zone of demand. (54.0 - 55.0) During this month the tendency remains bullish, for this reason, I believe that we will see a bullish continuation to higher levels of structure. Target levels are 56.3 & 58.0 stop should be strictly below the identified zone.
Stops above grey zone (resistance, ceiling) This is a continuing trade for those who originally entered short when this trade was posted last week.
The price made a squeeze under the Support/Resistance Zone and broke it with a strong candle. I'll be looking for Buy entry after a pullback to that Zone. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!
oil keeps getting tighter and tighter and will break out some time soon, but until then my range and expectations keep getting smaller also. so the inside trade is getting hard do to small rant but will watch 54.30 area for rejection and 53.20 area for a bounce.
In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold! Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat! Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's...
Ciao Traders ! before going short I will wait for a bounce confirmation at the indicated level Happy trading to all ! Disclaimer: This is not financial or investment advice I am not a professional in the financial or investment fields This analysis is just for entertainment purposes Do not follow what I do or do it at your own risk GOLD Requires attention!...
Im looking at the oil chart and I am seeing some decent gains today. There is a lot going on in the middle east so many different factors could be the reason for the rise. I am really more impressed with how well the speed fan is working. I used to use the speed fan much more than I do now. I still think they are great but many times when I have multiple...
Taking a look at oil today and we have seen about 1.60 today in terms of price. Its to be expected I guess considering the attack on the Iranian oil tanker was only a temporary push. Cooler heads seem to have prevailed and even though the missiles were shot from the direction of Saudi Arabia, Iran seems to have backed off blaming the Saudi Kingdom for the attack...
the last 6 settlements on oil have been inside a 60 cent range so oil has been going no place, so very balanced. Balance leads to unbalance and could have a large move coming so will be watching close for that. There is good back and forth action inside this balance zone so will trading that sloshing until we find clear direction
The current move is bearish and could be signaling a further down move. I will be looking for a bounce up to 52.63-73 area and if it rejects will find a short to get on. If we impulse up to this point I will see if pattern is good for a long trade back into prior higher range. The down move looks like it could take us to 51 if that is the direction oil goes.
Taking a look at crude this a.m. I dont trade oil but I enjoy keeping an eye on the charts as I am employed in the industry and the price of oil effects the work load at the shop I work at. We are trading around 53.50 which means we have pretty much seen a full retrace since the attack on the oil facility in Saudi Arabia. I threw a Fib speed resistance fan onto...
Pattern: 1W Descending Triangle. Signal: Bullish as the price rebounded on the 1W Support. Target: 58.00 (Lower High zone of the Descending Triangle).
after teh big down move a few days back the oil markets are consolidating and forming a balanced trade zone. Balance leads to unbalance so the next move will be a readjustment out of this area and this is looking more to be a long move than short, but will let action control the trade not my bias. will watch the aprox 1 point range for back and forth trades and...