vlad.adrian
Short

OIL - Breaking down

NYMEX:CL1!   Light Crude Oil Futures
553 22 3
The weekly here
snapshot


The price of Oil             is collapsing. Considering that every support, every bullish setup, every bullish candle gets trashed, I would say that is a fair statement. It might be late to enter now, the astute oil             traders entered short a long time ago, but prices should continue lower, considering that the first proper support is very far away, as seen on the weekly chart. My only concern is short covering, which happens with lightning speed and great force.

Today we had another break of a bullish candle (a small kangaroo tail) that followed the climactic action on the day of the OPEC meeting. This break should produce further weakness.
MACD dropped less
Reply
hi, many thanks
snapshot
+1 Reply
dp Ansari
Good point, long term monthly TL is broken.
Reply
Daily AB=CD with target 55.00 plus RSI at the lower TL of falling wedge.
snapshot
Reply
Best bearish target scenario DP!
Reply
Hi DP
Reply
dp jangseohee
Hi jangseohee
Reply
Hi DP
Reply
Christmas Rally, DP
Reply
Mickette jangseohee
Little DOUBLE TOP Rally to 56.50 Jangse ;-)
+1 Reply
dp jangseohee
Well, must be someone wants to give Russian cheaper $ gift :)

Today, Russian finance minister promised cheaper $ at the beginning of 2015.

As far as concerns oil, not very convincing bounce up (double top) as Mickette said.

On the flip side, the was no lower RSI reading at least since 1991 on the daily. There is no data before 1991.
Reply
18.12.2014 doubled up, the impulse is red on the 4H and on the daily there are 2 inverted hammers after 5% rallies
snapshot
Reply
08.01.2015 closed half (the half I added)
snapshot
Reply
jangseohee vlad.adrian
Excellent
Reply
jangseohee vlad.adrian
teacher, click on the "lightning" on top right hand corner of post comment/reply, insert and post, pic comes out directly :-)
Reply
Obviously I know that, I just don't want more charts, I prefer links :)
+1 Reply
jangseohee vlad.adrian
k :-)
Reply
14.01.2015 closed the entire position
snapshot


It is more than enough
+1 Reply
Mickette vlad.adrian
Looking at USO + UCO it looks like a bottom has been made
Reply
Mickette Mickette
snapshot
+1 Reply
jangseohee Mickette
1st Bottom
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out