Wait for further confirmation...
WTI is approaching our first support at 51.29 (horizontal swing low support, 100% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 54.02 (horizontal swing high resistance, 61.8% Fibonacci retracement ). Stochastic (21,5,3) is also approaching support where we might...
WTI is approaching our first support at 51.29 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 54.02 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see...
Might be completing the last wave and then it'll be going down
Here is a trade on crude oil. Very simple, an inverted H&S pattern with a bullish divergence on the RSI and Stoch. Will wait for the right shoulder to fully form. Have a buy order set in at $50.4 with another buy order set in at $49.8. Once the neckline is broken (54.6) I will then buy even more. TP targets: 1 - 58.10 2 - 63.8 3 - 65.7 Stop loss at: 49.5
We broke in close out of a triangle continuation pattern.
USOIL (WTI) could start a bullish sequence in an impulsive manner.
WTI paints some impressive bullish signals on Heffae Clouds + QuantRsi longer timeframes. The idea of this trade is driven purely by technicals, I am not in the loop on fundamentals whatsoever. Daily chart shows inverse HnS on the QuantRsi as well as a new trend developing that shows upside potential: As warning, The last time Qrsi ran -7 on the 3Day QRsi,...
i expect a pullback on Usoil who face a weekly resistance after falled too much this last weeks/month so before end of years or new years is a legit rebound as people who have be in short will taker them profit pUt a stop loss at you entry point when Usoil go around 42.8-43.00 put the stop at 42.40 for secure yourself and at least secure few pis in gains we...
Crude Oil has taken a beating all the way from $75 - a mix of geopolitical issues and plain old too much supply and lower demand for the commodity. Short term we are seeing some relief for the producers while the users hope for continued lower prices :).
Hi, In 23 minutes, we will have report about Oil stock. Chart is telling us that price should rise. Level 70.50 become strong support. We have two brown swing look like we should have third rising swing in order to create matrix. I am ready to trade. Are you? Good Luck, Jim
WTIUSD WTI Holding previous structure highs. Trend line hold bounce. Looking for longs up to 80.
Hi, Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside. Look like we should experience price rising higher. Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue. Let’s...
Hi I have become interesting with WTI Oil chart. Similar situation you can observe on Bitcoin chart but on the opposite site of the chart. According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing. They become smaller...
Crude Oil (WTI) – Daily Resistance & Support: Resistance: 70.00 / 80.00 / 90.00 / 100.00 Support: 66.50 / 60.50 / 58.00 / 52.00 Crude Oil (WTI) – Summary: Expected to complete the correction at or around the 60.50 Levels and resume the up-trend in an impulsive manner. If the Bullish Impulse will present an Extension, the swing could reach 80.00 Levels, but could...
Base between 67 - 68 region with a potential double bottom W at previous high. Line chart analysis shows triple bottom instead of double.
Position: Long - WTI:USD Leverage - 10:1 Stop Loss - $62.18 Profit targets - $80 & $90 1st Entry - $67.50 support 2nd Entry - Green 2 above a green 1 on the daily Previous analysis /position: Div' in OBV, and monthly BB/TD’ Sequential are concerning. VRVP shows very little resistance between here and $90 and there is a strong confluence of support at the...