Last week's bearish candle that printed on WTI has caught my eye. Firstly, the move higher early on in the week would have caught a lot of bullish trend traders off-guard. If you switch to the daily timeframe, the picture is even bleaker for the bulls - that pin-bar on weekly looks like a good old fashioned blow off top on the daily. So where to from here? For...
Oil has reached a major resistance area and might be showing weakness soon. Trade the break out to the downside. Reason for Trade - Downtrend - Retracement over R:R | 1:3 Goodluck :-)
Oil of course is reacting to world trends. I don't need to cover the emotional roller coaster which is being presented in the world to you - you know what I am talking about. Of course, this behavior becomes confusion in the charts. Daily: Trend: Bull Consolidation: None Single Renko Bullish box on 20-Jun Both RSI and BSI haven't caught up yet to the positive...
This study is based on the logarithmic 1M scale since 1990 and investigates a pattern that appears to be repeating itself. The time periods (cycles) are 1990 - 2008 and 2008 - today. 1 through 6 are the minor market phases within this pattern and basically represent the Bear Cycle with the accumulation and recovery phase. The sequence at the end of 6 and the...
Buy at 54.4-52.5, Cutloss < 50.5, TP1 54.5, TP2 56.76 , R:R 1:1 for TP1, RR 1:2 for TP2
WTI stalled last week, and the prices have caught up with the 8 MA on the daily charts. Daily chart has consolidation between 50.62(S) - 54.80(R). Weekly chart has consolidation between 50.63(S) - 59.67(R). No new price projection triggers have formed. Still have a range of 48.48 - 36.04 as the zone with a price of ~44.10 for mid zone.
By Andria Pichidi - June 14, 2019 The IEA has cut its 2019 estimate for oil demand in its latest monthly report, blaming trade tensions and the associated consequences on the outlook for global growth. The agency stated that the worsening trade outlook is “a common theme across all regions,” and that “the consequences for oil demand are becoming apparent.” USOIL...
Prices are still being held down by a downward trend line, Investors are advised to stay short. If prices break above the trend line, we can go long again. Sell Limit 54.40 TP 51.30 Follow me ! Show U The Money ! ---------------------------- - 2019.06.11 uk
Prices are still being held down by a downward trend line, Investors are advised to stay short. If prices break above the trend line, we can go long again. Sell Limit 54.40 TP 51.30 Follow me ! Show U The Money ! ---------------------------- - 2019.06.11
Oil is still looking south on the prices. Between 48.48 and 36.04 There doesn't appear (this week any how) to be any effort of a rally. The pricing returned to its core averages after a run off early away from them.
Crude oil gave a hard signal to sell after rising wedge has been broken..
considering a short daytrade position , target around 54 to 52
Taking the Oil drop as a long - for Brent to correct WTI. Max 58.60 If it drops below the 57.30, I am out of OIL until 55.45