Copper Position Update from Yesterday (Risk-Free)Stoploss moved to entry for a risk free trade on this copper signal published yesterday, linked below.
Xti
OIL - the commodity they are killing for...If the oil would drop through the blue line, I start to believe that 10 dollars per barrel is coming next.Fractals in oil. What would happen in the world to send oil to 10 dollars? ..the commodity controlled by three men only... Black gold. :) Anyway, not looking good for oil... Do not take it too seriously, but consider it. Have fun, trade with smile folks.
Oil - ShortStop SL. If it breaks upwards, it means its going to retest the outer descending trendline.
Awaiting break of the ascending wedge...
USOIL ShortLower lows with a clear level where bounce offs are happening. Trendline for an over all-direction downwards. Great risk/reward.
Feel free to leave additional ideas or thoughts in the comments below!
Gold.. Yikes$1500 plays as very active key level, as buyers and sellers have kept price wedging tighter and tighter towards the price.
OIL to the topJust take a look at my chart drawing.
Enter-reason: clear support-zone (entry zone now), over-all uptrend because this supp zone is formed at 61.8 fib level (not drawn but its a fact), great risk/reward ratio. Target level that high because its the same height that has been occured in the last up-move before so we take that height and place it on our entry level to find out the potential target level. (Black straight lines).
Comments are welcome!
Crude Oil - Back to test long term supportPrice has broken below the congested " chop zone" region. Very like we are heading back to test the long term support level, near $50. It's held multiple times so I set limit order to buy 50.75$, SL $49, TP $55 (the center point of the consolidation.
USOIL BUY ON A BULLISH SIGNALWe wait for a closure of candle above the support and strong bullish signal to get in to buy
Crude Oil Running in to Resistance 4 Hour ChartCrude approaching resistance on the 4 hour chart.
Price action still range bound.
Short from here.
OIL Short!head & shoulder pattern complete! (3 x bounce to top = grey, 3 x bounce to bottom = red).
Now: 4th bounce to top? No! Why?: because else the pattern wont work/exist. So now it cant be a pull to the top because before it did when we had the pattern. but now its finished so it will do the opposite => go down more! easy :)
