Get started

WTI-OIL

USCOIL / WTI SHORT-TERM SHORT TRADEI can see a clear trend reversal after hitting a major resistance point at $50. This leads me to believe than in the short-run there is enough room for oil to tumble. Scenario #1 is that there is a weekly window during which oil will fall to around $45 and bounce off. Scenario #2 is that oil tumbles down to its previous major level of support at $29. Overall I have a bearish sentiment on oil. This mainly stems from OPEC's inability to regulate supply. More specifically, I see no intention from S.A. to cut its supply. This leads me to think that the market will revaluate oil at around $30. That is mainly due to S.A.'s ability to produce oil at a cost of $20-25 -per barrel which in the short term will create a market failure.
FX:USOILShort
by BigCharts
Oil completes inverse head and shoulderOil prices have completed inverse head and shoulder formation. On the weekly chart we can clearly see prices tested neckline level of $51.90 A successful breach of inverse head and shoulder would give us upside target of $77.70, which as of now appears over ambitious and could possible happen only if we get a bigger OPEC output cut. On the other hand, failure to reach a deal at a time would mark failure at neckline level, which in itself is a highly bearish formation.
TVC:USOIL
by TipTVFinance
WTI and Long Trades Here is an example how we could catch this up movement and make good profit. Entry level 1 - price bounced from Senkou A and RSI confirmed price reversal. Entry level 2 - price broke the cloud and we got reversal signal from Senkou B. Rising ADX confirmed breakout and up movement. Entry level 3 - price bounced from Tenkan with confirmation from RSI. DMI shows strong up movement. You can get such signals if you use Sunrise Trading Strategy. For more information, please send me PM or leave your questions in comments.
FX:USOILLong
by DLavrov
2