Believe Brent is pulling back for a sustained rally above $70 next week.
Broke above downward trend needs to pass next two resistance points for larger gains
After an upside rally since June 2017, the WTI found a "two year" resistance (May-June 2015) at 62.50. If the price breaks above this resistance zone, it is a good opportunity to "buy and hold" expecting to find the next resistance level at 67. Otherwise we can sell short, expecting the quote make a retracement at the fibonacci level 0.236 at 57.70 (previous:...
TP manual close, reckoning with 54$
aint much to explain :-)
There could be signs of weakness coming in. Waiting for a break of 57.2 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own...
US Dollar Greenback gradually turns into an offensive although a buildup of longs on US currency looks quite cautious showed a pullback during the Asian session. Futures for the dollar index are planning a march to the level of 93.50 thanks to the efforts of Republicans to pass the fiscal bill and slightly biased in the positive side US data. Macro figures shows...
Greenback US Dollar reinforced position on Monday against major peers as Republicans in Senate released their version of the tax reform, which now will need to be discussed with the House of Representatives.The vote in the Senate on Saturday had a positive outcome for the Trump fiscal initiative, which provides sharp tax cuts for firms from 35% to 20%, as well as...
even all support oil this time the techical analysis still the same i enter short for a legit pullback also Wti is mmuch in overbought territory enter at 57.35
OIL , They Have 3 Wolfe wave (x,y,c) all this Wave its Bearish & may any Wave Correction for any Fibo Resistant , I would Say the price can bullish to (54.55 in the daily frame and go Down) In 4 Hours Frame all the Target in Chart , and Good Entry To Sell after 52.89 T1 @ 52.17 T2 @50.66 T3 @ 49.22 Note that there is saturation of my purchase and be careful may...
i see USOIL/WTI for a long-term target to 60, but in the process it will go up and down. this is my scenario, buy arround 52, TP @54.10 , Sell order @54.30 Tp @52.50, then i will buy again from there with first TP @56. Fundamental Data : OPEC Will cut the Supply in early 2018. Goodluck
Leaping and hopping!
WTI just break a neckline on a reverse head and shoulders i think the breakout of the reverse H&S is confirmed also Irak news today make oil more stong so why not ? enter at 51.84 targeting 52.77 Stop loss 51.50 gains = 91 pips if stopped =30 pips risk reward 1/3
Buy it on pullback around the ma50 at 1.2520 and the down bull T-line of the chanel place your stop under the Chanel T-line and the ma50 around 1.2465 the risk reward very interresting. With the last Data with got it lest week it up the % of fed rates hike in december and 3 hike in 2018 especially the average earning per hours (wage picked up,that want the...
. So this is an attempt to show my "Relative Value" chart, and why currency spreads can help both identify max/min ranges, and when WTI couples with other G4 currency. Question /Scenario: You own an oil company. You store, buy & sell locally. You have locations in all major countries. You buy in any (G4) currency, but mostly in the currency of the actual...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL (WTI) Time frame: 1W Last week I posted about oil continuing on its up trend. Although last week was a declining week I am still looking at it to increase in price over the long term. Why? The Bolling...