Got in using this indicator on this short time frame chart....MAKE SURE you have your stops in place with this if you're trading this on a short timeframe like I am. I see this hitting $2 by EOD! Happy Trading!
WTI trade ideas
Looks like a great trade with another 10%+ returnThis hourly chart is an awesome one for people that took advantage today. Using this great indicator.......HAPPY TRADING!
Long Bias but Follow the oil Being long bias on WTI It's only right for me to lean the same direction on USDJPY
Reason being JPY is net oil importer meaning when oil prices low, JPY benefits. As oil prices rise then,, you get the point.
IF High oil prices high USDJPY!
Have to wait to see what WTI does this week
Thoughts?
Long bias but definitely awaiting directional confirmationThis will make or break a lot of trades this week so keep an eye out for what shes doing.
Above 200 EMA on the Daily
A break and close above 3.06 should send her upwards towards 3.70 or higher
A break and close bellow 2.83 should send her around 2.51 or lower
Awaiting confirmation on either direction.
Thought?
Bullish PennantHovering near resistance looking for break out
Risk is relatively low
Happy Friday Everyone!
WTI - Flag formation Long trade from $3.50 to $4.37 WTI seems broken out of a flag formation, the breakout was at $3 area, now if it breaks about $3.50 we would consider long up to $4.37 & higher.
Trade Criteria
Entry Target Criteria- Break of $3.50
Exit Target Criteria- $4.37 & higher
Stop Loss Criteria- $
You can check detailed analysis on -- in the trading room/ Executive summary link here-
www.screencast.com ( Access only for the subscribers)
Time Span- "
Trade Status: Pending
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Daily beautiful Bull Flag Beautiful flag,
Need to break 2.00 to move on ant creat the next poll.
Buy after break 2.00 should be strong day.
Fundamental
W&T Offshore, Inc. (NYSE:WTI) after beginning at $1.95, closed at $1.97 by building up +1.55% in recent trading session. Most recent session’s volume of 2.37 million shares greater than its average volume of 1.12 million shares. The company has market value of $269.73M.
Analysts have consensus one year price target of $2.55.
During the last trading session, the stock’s price changed +6.89% above its 200 day moving average of $1.84 and moving +22.43% upbeat it’s SMA 50 of $1.61.
WTI: PAY ATTENTION TO THIS STRUCTUREWTI is trading in a falling wedge. I'm expecting a breakout to the upside. Look to the price action, a potential wave down before the breakout is still possible.
SHORT WTILa media móvil rápida cruzo hacia abajo la media móvil lenta, lo que indica una tendencia bajista y el Indicador MACD converge, lo que confirmaría la tendencia bajista de esta acción
uptrend or downtrendTriangulo descendiente a la espera del rompimiento para tomar posición, Largo o corto todo dependera de a donde se genere el rompimiento
I think WTI will go down.I think this because the oil fundamentals are suggesting an over abundance of oil and the recent increase doesn't appear to have any real substance. The STOCH is in process of turning. We've also seen a stair stepping trend downward.
Simple Trading Techniques – Bullish Strategy
Go long the WTI if it trades at 2.77 or higher. If triggered, place your stop at 2.24 and exit the position for a profit at 3.19 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of a strategy at: www.udemy.com
RSI, channel, DMA analysisCheck chart for notes, not much to say besides bearish longer term, could see a bounce up to around $2 soon as OIL seems to be finding support.
Could easily find a 50% swing up before meeting the major resistance. But would set tight stops as the channel is bearish and the yellow trend looks like it could slap it back down.
RSI looks to be diverging as well (magenta lines)
I'm bearish for longer (month/2 month) swings, and bullish for ~1 week swing
Drag the chart in order to see the May 2013 for the purple bull range on the RSI
