MaryJane
Short

Bearish shortterm Wedge?

NYMEX:CL1!   Light Crude Oil Futures
1139 15 35
This is the continuation of my last thread:

Todays             high @ 46.85$ has to be overcomed for further upwaves with next tp 46,4$ - Attention! I see a shortterm bearish wedge!

Should the wedge be triggered, the 38,2 could be the shortterm target @ 44.8
snapshot


Reminder: We are here!: Near the next possible "3?" @ 46.5$ - this is THE Pivot resistance Level to watch
snapshot
Comment: We are here:
snapshot

46,5 is still THE Level to watch. Above that Level, an Explosion could be exspected. This is a longterm Long-Trigger!
Comment:
snapshot
Comment: jihaaaaaaaaa....
snapshot
Comment: Anticyclical Risk Lover could try to catch the first contact with the resist!
snapshot
Comment: scalp tp could be the former bo-niveau
snapshot
Comment: !!! i am not a friend of such countertrades!!!
Comment: i would bet on this ....it seems that nothing can stop oil today :-)
snapshot
Comment: don`t short in such a bullish day...the trend is your friend!
snapshot
Comment: first Position for the "early birds" - second for the Patient cyclical Traders
snapshot
Comment:
snapshot
Comment: I think there are many many sellers out there who are waiting that oil will test the resistance at 46,5$. i can`t believe that the resist will fall with the first try....
Comment:
snapshot
Comment: crazy crazy crazy!!!!!!
snapshot
Comment: unbelievable...
snapshot
again reached tp...
Comment: normally i don`t do that...but now i`ll fix it!
snapshot

PS. i am off now...
Comment:
snapshot
bye
Comment:
snapshot
Comment:
snapshot
Comment: The power of the bearish wedge!!!
snapshot
Comment: 46,5$ really was THE LEVEL TO WATCH!
GM Mary. it seems that Oil is anyways doomed to die its death. Reasons are clear .. (a) Oil even if it was available for free, it is widely responsible for damaging the Earth's environment. (b) Greed of the Oil producers kept oil prices articfically high... as a result - world started looking at developing alternate energy sources. Solar energy is now bound to replace Oil in all spheres. (c) Major desert Kingdoms which have been so far manipulating oil prices are now seeing a death of this industry - hence heavily investing in solar power generation - as also trying to divest out of its own oil industry (SAUDI wanting to divest out of SABIC, which was always their cash cow)... (d) capital expenditure in Oil has been replaced by investment in SOLAR POWER systems - solar power production systems capital costs falls down with every passing day... (e) OIL is now doomed... i think the only applicaiton oil would have for future is for making of Greases and Lubricants and no more as fuel. (f) MOST of the oil producing countries have got major civil and milatary unrest.. Civil unrest is often caused because of sinful earnings.
Reply
I haven't seen this chart. From sales 48,20 wrote
Reply
thank you Mary ... for all ur guidance and help today. I did manage to recover some of my past losses :) Thanks to yr valuable advise and guidance. Good nite.
Reply
snapshot


I think 46.70-46.90 may be a good area for short-term shorts
Reply
MaryJane PRO captain_smollett
i fully agree
Reply
tbuckle PRO MaryJane
Is your current view short down to hi 44's or to wait to short at 46.7-8?
Reply
hello Mary...do you mean that the prices will not go to even 46.5 ??? as per the morning analysis???

i am long from 45.80... pl advise.. what is your view??
Reply
MaryJane PRO ma.sanjuy
good morning :-9 46,5 still is the next main tp. TA is very dynamic. i illustrate everything i see....and now i see a shortterm wedge - that does not mean, that the tp 46,5 is not more valid as a tp...the requirement is that we beat the 45.86
Reply
ma.sanjuy MaryJane
GM Mary.. .Perfectly explained. Mary. Thanks again !
Reply
ma.sanjuy MaryJane
mary... the high crosssed 45.86 and went to 45.88 (2 bips above yr specification of 45.86) and again hovering in lower range... can I go long? or should i consider coming out. I am long at 45.80. Would appreciate yr comments.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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