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WTI (Crude Oil)

WTICOUSD before 18% decrease in motion... Keeping the previous analysis continued, we slightly modify our expectations for the motion track and the target price. The slowdown in the exchange rate decelerates. Movement will look like a widening but downward-looking band. Correction and main waves can be the same size. Therefore, the trader may be a winner with trailing strategies. The target price for declining movement may be around 41. A further 18% decrease from the current level.
OANDA:WTICOUSDShort
by meszaros
7
WTICOUSD was wrong...Not only did I rate the exchange rate movement, but I made a mistake in calculating the correction level. That is why I re-evaluate the course of the entire exchange rate movement. Based on the current data, it is assumed that the exchange rate will continue to decrease. Currently, a correction has begun which may last up to 58usd. Then we expect another downward wave. We expect this to be half a wave distance, so the level of the correction level is 52-53usd level. From the correction level, we expect a larger move, with a primary target of 67.2 USD.
OANDA:WTICOUSD
by meszaros
Big Decision Time for West Texas Oil - WTICOUSDWe are at an important decision for WTICOUSD, here are two very possible outcomes . The first is illustrated with the green arrows, and the second is in red. I trade triangles as a continuation pattern rather than a reversal pattern, so I am looking for an upside breakout of the triangle with a retest confirming we will move higher. If we break to the downside of the triangle and the long term support trend-line we could see some serious downside action.
OANDA:WTICOUSD
by nick203
"Walk on the wild side" - Oil long.The daily chart has spoken! Not really though, but who am I to question a second bounce on the April 2016 trend line? Apparently despite all of the mayhem (and lots of wicks) we seem to have settled for now and I have added some more to my long term oil position. Longs: 46.738 - TP: When we run out of oil ;) 47.141 - TP: 50.17x Stop loss down at 46.544 Hidden divergence on the 1D coupled with oversold RSI and a converging MACD are the main factors influencing my decision to double down here. Furthermore, as the trend began last April, a month that is generally bullish, it would be more than mere coincidence for this to be the start of another summer bull run. While there are many fundamentals that could prove this idea wrong in the near future, only time will tell if this trade was in fact a bad idea. For those following this idea, guard your stops and play as you see it, lots of volatility in store for the near future!
OANDA:WTICOUSDLong
by mwooddowney
Comex Trading Tips and Market Analysis - OIL SHORT!! H&S?!Overview : US oil surges 6.2%, closes at $31.48 a barrel after a group of oil-importing countries said energy stockpiles will grow at a slower pace on monday. On Technical charts, Very Short term trend of crude is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is likely to be further bullish, it has retrace its recent significant upward movement and still sustaining above the downward sloping trend line. It has been taking support of 50 DMA & 200 DMA on one hourly chart. Resistance is seen at high of $34.80, while support is seen at $31.25. On intra day basis Crude oil price likely to trade with positive biased. RSI entered in negative now and trading at 47.48. www.tradingsignalreviews.com
FX:USOILShort
by TheBanker