Something something elliott wave... I don't think it is smart to overthink these kind of trades. There seems to be a clear pattern, got my short in at 52. Target is around 49.
The price is going to break and stay above 50.00 resistance level. RSI confirms price reversal from the uptrend line. MACD histogtam supports upward movement. DMI allows open long trades. Pending orders for buy should be placed at 50.50 level. Stop orders must be below 49.00 level. Profit target is 52.00 resistance level.
WTI still in a range since few days waiting oil inventories Data for a new real trend
just a short for 50 pips expect a pullback to 49.40
LIGHT CRUDE OIL FUTURES I plan to buy.
WTI has completed a 3-wave move forming the WXY structure between mid June to early August; and price has since pushed lower from the high of 50.41 to the recent low at 46.48. According to our analysis, the price of WTI has been developing in a corrective nature since the recent low was established. This gives us the reason to believe that there is a very high...
Preliminary data has been released on British economy which revealed little to no positive surprises for Pound investors. The country's GDP grew by 1.7% in the second quarter, but export growth slowed to 0.7% despite a 1% forecast. This suggests that the devaluation of the pound that occurred after the country left the European Union has exhausted itself as a...
Combining some trickery with heating oil and wti oil leads me to this.
The future of OPEC's output cut deal will be determined at a meeting in November, said the Oil minister of Kuwait. This news was a signal that members of the cartel may revise quotas for production earlier than expected. In May, the members of the organization decided to extend the agreement for another nine months, until March 2018, but pressure from the shale...
There is a clear Triangle. 50,45 must be broken first. Then let's see what'll happen.
The market reached a possible reversal zone formed by the downtrend line and 50.00 resistance level. RSI and a candlestick pattern confirm price reversal. We have sell opportunity. Pending orders should be placed below 48.30 level. Stop orders must be above 50.50 level. Profit targets are 47.00 and 45.00 support levels.
When the market bounced from the uptrend line, we could expect an upward movement to the up border of a price channel. Now price is in a possible reversal zone formed by the downtrend line, 50.00 resistance level and the up border of the channel. It's short opportunity. When we get a confimed reversal signal, we'll have to open short trades. Stop orders for these...
Strictly Technical WTI AB=CD Channel In Play // STOCH SIGNAL // Bearish Strart M30/H1/H4 // Overbought conditions GMACD // Trend/Strong UP Medium M15/M30/H1/D1/ Very strong up trend for WTI as we complete this AB=CD bearish retracement on H4. Looking to short WTI and hopefully we will see a breakout to new lows