Wtiusd
Crude Oil (WTI), long from correction to 63.81.A volumetric analysis based on the X-volume indicator indicates active purchases at lower prices and an inefficient distribution at a low volume. Therefore, the growth to the resistance level of 63.81 is most likely. Levels by X-Lines indicator. Both indicators you can find in my list of scripts.
WTICorrection coming for US Oil? Seems that the DJI may have met its peak with a correction on the way. Seems to be a slight decline based on moving avg. Could see a small rally followed by another sell off.
This is not financial/investment advice. Please do so at your own risk.
WTICOUSD corrects movement...WTICOUSD corrects movement. The correction level of the exchange rate is visible at 51.43 usd level. From this level, I wait for a repeat rise. The height of the rise can be the same size as the previous wave. For the exchange rate it is a neighborhood of 67.79 usd. Probably this level is available for the first few days of February 2018.
WTI Long at 57.87
Our preference: buying position above 56.75 with targets at 57.87 & 58.00 in extension.
Alternative scenario: in break of 56.75, a continuation of the decline will be possible with 56.10 & 55.65 in the line of sight.
Comment: the RSI is mixed and calls for caution.
WTIUSD – Shall we take long position ???Chart patterns give clues of trend reversal to long WTIUSD.
Shortly @trajkovic will take stage and explain us the rest of the story…
Crude oil - Longs Daily US crude oil longs in play - In my view, the weekly bearish trend is broken and the daily trend is now in a bullish structure. I see oil reaching 50s before stopping for another pull back then rallying again to 52s.
USOIL SHORT TRADE SETUPHi everyone:
USOIL has a nice sell setup forming. We can see the price action made a double tops on the 4 hr chart, and broke down from the wedge. Now the price action is pulling back to form a lower high. Entering when there is a confirmation of resistance and rejection is a good idea.
Potential target down to the lows of 44.00 and 43.00 area.
Thank you for your support and feedback.
WTIUSD/USOIL/CL1! / Motive Elliott Wave & trend reversal1. Motive Elliott Wave (Regular Elliott wave 3 / Impulse Elliott Wave 3)
2. Up Trend
3. Wave amplitude extension
4. Fibonacci Retracements Levels 61.8% Area Resistence
FOREXCOM:WTIUSD FX:USOIL NYMEX:CL1!
Long WTI - channel bottomTechnical:
Bullish case: channel bottom and severely disconnected from moving averages. We see potential closing above a down-trend for the first time in 5 weeks (above 42.96 to accomplish this). If pattern holds, find yourself at the top of the channel (~49.25) within 2.5 to 4 weeks as the spike is has historically been faster than the fall.
Bearish case: Below this channel and we may fall into "no-man's land". Could short below $42.50. Lots of resistance levels between 42.50 and 49.25.
Fundamental:
Bullish case: summer driving months, opec, saudi ipo on deck
Bearish case: continued oversupply, any build or overestimated draws could drag the price down
- I am long - 42.00 stop-loss.
USOIL /CL1! /WTIUSD/ Area SupportUSOIL /CL1! /WTIUSD/
1. Down Trend
2. Lower Low & Lower High
3. Area Support 42.00~42.10
CL1! FOREXCOM:WTIUSD usoil cl2!
CL1!/USOIL/WTIUSD Small Elliott2 & Higher High & Alt Bat Bullish1.
Small Elliott2 =Entry
2.
Higher High => Up Trend
3.
Alt Bat Bullish Prz 113%
CL1! cl2! FOREXCOM:WTIUSD usoil
WTIUSD/USOIL Bullish Harmonic pattern & reversal Candle1.
Bullish Reversal Pattern
Morning star Candle
2.
Bullish Harmonic pattern Alt BAT 113%
CL1! cl2! usoil wtiusd
USOIL/WTIUSD/CL1! Middle Elliott Wave & zigzag 5.3.5 patternMiddle Elliott Wave Cycle & zigzag 5.3.5 pattern
Reverse Head and Shoulders
WTIUSD usoil cl1!
USOIL/CL1!/WTIUSD Pattern PRZ & Wave Cycle1.
Bullish Harmonic pattern PRZ
2.
Reverse Head and Shoulders
3.
Wave Cycle
FOREXCOM:WTIUSD usoil NYMEX:CL1!
CL1! /USOIL /WTISUD / Elliott Wave & Harmonic pattern PRZElliott Wave & Harmonic pattern PRZ
FOREXCOM:WTIUSD FX:USOIL cl1!
Buying WTI, oil, on this dip... cuz there is no one else to sellHere's a crazy notion, and I am taking it. I am buying this dip on WTI . The rational is simple: It goes against everything the market is doing , and that is exactly the reason to do it.
Who is left to sell? Is there more supply that will all of a sudden show up and be sold? No more than normal. It is the specs I am targeting.
My position is going to be a delta position. I am long spot with an at-the-money put as an insurance. I am long a 1-week, and am long 2x my spot size. I will sell the spot on various levels as the market rises. If the market falls, I put in long orders. I need about a $2.50 move higher to be break-even.
