mwooddowney

mwooddowney Updated 

Re-entered lowest KC buy zone. Expecting a buy signal soon and anticipating W/MACD cross. Classic double bottom foul play highlighted above. Trapping longs first, now shorts that entered on the 200MA break. Toehold position in place, stop at Friday's low. Good Luck.

mwooddowney Updated 

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...

mwooddowney

OANDA:WTICOUSD Is nearing a bottom. Will the November trend line hold, or will we have to resort to the 26$ low? Time will tell. Looking to go long once daily MACD crosses up.

mwooddowney Updated 

While OANDA:NATGASUSD has been bleeding since the 3rd of January, I believe that the reversal is in sight. Quite a few people have been calling the bottom over the last two weeks, and yesterdays doji might well be, but when comparing current price movement to that of the last couple weeks, I'm not quite convinced that we've found the bottom yet...

mwooddowney

After a month of fluctuation, pessimism, and a surprise (not really though) Opec deal the price of OANDA:WTICOUSD has consolidated within the 49.5 to 51.5 range, staying well above of the projected 48.5 price floor and demand zone. With prices drifting sideways Friday they have fallen out of my projected trend-lines but remained range bound within the...

mwooddowney

I have been tracking TVC:USOIL since the start of the downtrend looking for a reversal, and it looks like this might finally be it. Current price action is very similar to the last four major reversals in trends. There was a shred of hope for those ridding out longs taken prior to the election last Wednesday, but that momentum quickly dissolved with the end...