Long Brent @ 45.72/44.54 tgt 48.30/50.50 (CBV2016)

ICEEUR:CBV2016   Crude Oil Brent
205 2 13
Possibly the price has reached its Daily Cycle Low on Friday, July 22.
Expecting rebound to 50.50 in the first decade of August.
First buy limit activated @ 45.72 (DMA200)
Another buy limit @ 44.54 (162% fibo of wave C of W formation / major weekly support)
MA200 reached (Daily close confirmation)
Diagonal triangle formed, Bearish wave likely completed
(Weak) Bullish Price/Oscillator Divergence + buy area reached (based on previous DCLs)
Daily Sentiment Index @ 35% bulls
Expected DCL on July 21-26
Daily close below 44.00 next week invalidates this idea.
First warning sign if daily close is below DMA200 or 46.90 resistance stands.
Safe trades!
Order cancelled: 2nd buylimit move @ 44.83
Comment: Final buylimit @ 43.72
Trade active: Preparing for take-off. Tgt adjustments 46/48
Comment: Knife catching roadmap for current preferred scenario
Trade active: Well, averaged down to 44.23. Fridays' move looks like a corrective one, thus expecting at least one more impulse to the south. Planning to get rid of some longs @ 44-45 first and then we'll see.
Trade active: Well, have 6 long entries at present avg @ 43.61
Blue scenario preferred: thus it makes sense to fix profit in blue box
TP1 44.04 TP2 44.53 TP3 45.08
Closed all remaining longs @ 45.41, I am still bullish, but there is a good chance the 4-days move was a part of Blue scenario targeting new lows
One more long @ 42.65) Continuing to add to long position
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out