WTI is going to set higher and fulfill a lower top in the long term chart. The momentum is going to cross below the zero level. Investors are doubting and the potential upside for the Bollinger Band indicator is null. The main indicator continues its declining path and suggests that a trend reversal is unrealistic. After completing the ABC Wave of the Elliot Wave,...
Now the rise of Oil is no longer a surprise. I am seeing a possible swing down to 45.3 and even 44 level. But in the medium term, it shall go UP even higher. 48.7 will be a nice target. Trade Safe, s0nic P.S. Please follow, like, give comment to my analysis.
The symmetrical triangle usually forms during a trend as a continuation pattern. But sometimes it can give trend reversal signals. We can see the downt trend and price reversal from 42.00 support level. We should expect that the market breaks the uptrend line and we'll see continuation of the down trend. But at the same time we must be ready if price breaks the...
Price reversed from Kijun line and moved lower. RSI confirmes price reversal. DMI confirms trend market conditions and allows trading. We have short opportunity. Sell below 44.50 level with stop above 47.50 local high. Profit target should be at 42.00 support level. Also pay attention to a bullish divergence formed by price and RSI. It can be a signal that the...
WTI has had a nice clean buy-up since the dip, but I think sellers are still firmly in charge so I am looking for weakness in order to sell for $40 or so.
The sellers are back. We had a great pick-up but I think the sellers are back to drive this into $40
Price broke Moving Averages with period 100 and we got a trend reversal signal. After that price moved up and reached 47.00 level. This level could stop and reverse the market. When price dropped from 47.00 level to Moving Average with period 50 we got a buy signal. We could open long trades higher than 46.00 level with stop below 44.50 level. If you did not open...
Oil looks to pulling back some of its recent decline but I think sellers are still firmly in control. I think we consolidate temporarily and then go for $40-$39
Oil is really getting a beating, but I think there could be a great buy-side opportunity on the horizon. P.S.If you like my analysis, consider taking up my free 2-week trade signals package. Get in touch via private message for more information. I offer weekly trade ideas as well as longer-term ideas.
If the price goes back to the area under 42.82-43.37 $ then the quotation may decrease for more 4 dollars..Area of support is basically for a good reboot towards area 47$
Price diverges with MACD and RSI and it gives us bullish divergence. It's a reversal signal which is at the support level. We could open long trades, but DMI still confirms down movement. We should wait when ADX line starts falling. After that we'll have a good buy signal. Entry for long trades should be above 45.00 with stop below 44.00 level. Profit target is...
We can see that the market bounced from 45.00 level. RSI confirms price reversal and it's buy opportunity. We can place buy-stop orders above 47.00 with stop below 45.00 level. Profit target should be near the downtrend line.
Crude oil repair to the downside this week before long. Repairs needed in the 46.60 range as usual. Looking to rebound in the 48's. If we break through 46.40 we will see 44's that need repair. Very nice risk reward on this.
Price bounced from 44.00 level. It's confirmed by a reversal candlestick pattern and RSI which is in oversold zone. We can buy if price breaks 47.00 level. Stop orders must be placed below the support level 44.00 or the local swing low. Profit target is at a downtrend line.
Price passed through the kumo and it gave us a signal for opening long trades. DMI confirms trend market conditions. We can buy above 48.20 with stop below 46.00 level. Profit target should be at 50.00 level or we can use trailing stop for exit.