Type : Bullish Rise Resistance : 100.74 Pivot: 98.96 Support : 97.95 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 98.96 where the swing high resistance, 78.6% fibonacci projection and 78.6% fibonacci retracement are. Once there is upside...
Type : Bearish Momentum Resistance : 104.47 Pivot: 101.56 Support : 95.17 Preferred Case: On the H4, with price moving within a descending channel and RSI moving along a descending trendline, we have a bearish bias that price will drop from the pivot at 101.56 where the pullback resistance and 78.6% fibonacci retracement are to 1st support at 95.17 in line with...
Type : Bearish Momentum Resistance : 98.38 Pivot: 95.18 Support : 90.69 Preferred Case: On the H4, with price moving below the ichimoku cloud and within the descending channel, we have a bearish bias that price will drop to the pivot at 95.18 where the overlap support is. Once there is downside confirmation of price breaking pivot structure, we would expect...
Type : Bullish Rise Resistance : 9999 Pivot: 9410 Support : 9124 Preferred Case: On the H1, price is moving above the ichimoku cloud and within the ascending channel which supports our bullish bias that price will rise from the pivot at 9410 where the swing low support and 23.6% fibonacci retracement are to the 1st resistance at 9999 in line with the swing high...
Type : Bullish Rise Resistance : 9753 Pivot: 9312 Support : 9129 Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 9312 where the overlap support is to the 1st resistance at 9753 in line with the pullback resistance, 161.8% fibonacci extension and 100% fibonacci...
Type : Bullish Rise Resistance : 120.88 Pivot: 119.21 Support : 117.64 Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 119.21 where the pullback support is to the 1st resistance at 120.88 in line with the swing high resistance and 61.8% fibonacci projection Alternative...
So as we know Crude has been pumping passed few months especially last few weeks. Ever since gapping up to 130 about 2 weeks ago we created a head and than A right shoulder and fell down. We do have a gap need to be filled highlighted below. Especially if the rest of the Indices like SP500 and Nasdaq push up Lets see! I had 107p and 105.5 contracts i closed...
oil looks like it has broken out of channel and retested. look for rvi bearish cross and sell
Buy crude at the bottom 2922 Stop loss 2905 Target expected is 2966 / 3015 Fibonacci and Gann always rocks follow us support us and research with us
If you like this idea, don't forget to support it, clicking the Like Button! Do you know what are the 15 countries that imported the highest dollar value worth of crude oil during 2018? China: US$239.2 billion (20.2% of total crude oil imports) United States: $163.1 billion (13.8%) India: $114.5 billion (9.7%) Japan: $80.6 billion (6.8%) ...
Short WTI-58.17$ stoploss-58.90$ target1 price- 57.45$ target2- 57$
USOIL has formed an inverted head and shoulders pattern. We are currently at the neckline ~53.60's where price has touched many times. If price breaks, we can expect price to move to the upside. Price could move up to the first zone @ ~53.97 then we may find a retracement/retest of the neckline before price moves to ~54.30. Waiting for breakout as confirmation...