Intraday target: $49.70 Long-term target: $27.00
Hey Traders, I see a head and shoulders pattern on daily chart. What's your opinion? Good luck, enjoy profit Benjamin
Cup and handle forming on the 4hr chart. Need to break and stay above 53.40 to confirm. Pattern target 64.00 50.35 support key.
Intraday target: $49.70 Long-term target: $27.00
Intraday target: $49.70 Long-term target: $27.00
The price broke the November low (49.35) and has entered into medium term bullish territory looking for an extension on the current 4H Channel Up (RSI = 71.469, MACD = 1.090, Highs/Lows = 1.1843, BBP = 2.7960). However the overbought levels (STOCHRSI, ADX, Williams, Ultimate Oscillator) can pull the price lower for a Higher Low, currently supported at 49.35. This...
Oil tested this week the first 1M (monthly) Support at 42.005 which has so far stayed intact. This level has supported the price successfully on 4 occasions since 2015. From a medium term Risk/ Reward perspective it is worth buying here, aiming at 54.600 which should act as the Resistance. If that level breaks, then the long term bullish reversal gets valid....
as wti should reboud as usdjpy should rebound as stock should rebound as CAdjpy is much oversold and face weekly,monthly resistance i try this trade and will follow it with a traling stop
Intraday target: $44.00 Long-term target: $43.00
WTI Crude oil looks to give out a reversal. Too much resistance ahead. 40 is the ultimate low point if things doing turn bullish geo politically. but i am all in for a rally back towards 76$ from this point. However it can fall to 42/40 in worst case scenario but upside is too big to miss from here.
Hi, traiders!!! Buyers under pressure and they haven't broken sell-side...So, and we are joining to sell-side, who are much more strong now. My trade recommendation for this week: SELL Price - 61.55$ S\L - 62.40$ T\P - 51$ (56.15$ - partial profit taking) To your success!!!
=> Firstly, well done to all those who managed to make their slice of the pie on our previous Oil trade. A monster move with our stops holding by crumbs before an almost -40% move to the downside. => See attached for those wanting to read in detail the macro and fundamental rationale behind the move. => For this latest idea here we are tracking two things; either...
A possible Elliottwaves scenario.
ESV extending its decline beyond the Brent move, opening a divergence. Gap should fill. It's also close to previous major bottoms. Sentiment on extreme low. Demark indicators pointing for reversal. Target 6.12 Stop 4
Good CL (WTI/USOIL) Entry Point For Swing Trade