Crude oil failed to close above 200, 100 and 55 MA plus it also failed to cross previous high of 34.79 The only support is between 31.5-31.9 , Closing below 31.5 will fade the up run from 26.03 to 34.66
Hello friends! We are in a last wave down. Lets catch it! Entry 30.60 Stop 31.51 Target 23.00 Risk/reward 1:8 Best wishes! Aibek
Oil has a big outset and now it on top, This week, I think, it will go to bottom his outset
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios...
Trading this on 4hr time frame but restrictions done allow me to publish that chart. Long at 30.63, SL 29.33, TP 37.00 4hrly stochastic sub 20 4hrly seeding pattern (2 higher high and higher lows)
Hello friends! Looks like US oil is shaping ABCDE triangle in wave 4 of (III). Here is the tactics for trading on the chart. Best wishes, Aibek
Oil is in the middle of medium term Elliott wave 4 corrective range (flat) pattern. As the wave (a) unfolded in to 3 (abc) pattern it have high probability to be the ranged 3-3-5 pattern with a possible break out up side in the last wave (c) to reach at least Fibonacci retracement level 38.2%. As the previous time periods and Fibonacci time extensions match in...
Bull on WTI at these level... More reward on the upside!
USOIL is in the consolidation zone. Therefore, before it goes deep down, there still can be a correction or two which can be grabbed. For today´s trade the pattern worked 100% Please feel free to discuss and specially to criticize as this is my first idea. Thank you for watching!
Crude oil now coming back to its Trend Resistance ... So selling in current conditions might be risky ...
Yesterday, CL oil futures bounced off its YearlyS1 pivot point. We recommended cover shorts there and to look for new long opportunities >$30 at PivotalPivots.com
So the August low around 38 has been quite clearly broken, which is the main reason my overall bias is still short. In addition, we have the following fundamentals supporting shorts: - Saudi Arabia's fighting a war for global power by trying to ruin competing shale oil companies. They know they need to be forceful with this, a bit like ripping off a bandaid. It's...
OIL - WTI Waiting for Bullish Signs around 34 Zone. If not, wait for Bullish Signs around 29 Zone
Following the OPEC decision to avoid cutting their oil production, WTI Oil has again broken down from its relevant range border, this time it looks like for good. Price is now significantly below both 1-year and 1-quater distribution, trading above below 1st standard deviations from 1-year and 1-quarter mean - signaling more downside probability. The move will...
After the WTI Oil has confirmed its breakdown from its relevant range, USDRUB reacted accordingly - by breaking out from its range it has been in since September. Price is now above both 1-year and 1-quater distribution, trading above upper 1st standard deviations from 1-year and 1-quarter mean - signaling more upside probability.