MaryJane
Short

Still seems bearish...next shortterm target 42,3$?

NYMEX:CL1!   Light Crude Oil Futures
993 19 52
After the in my former Analysis exspectet break of the 44             ,5$, the downtrend and bearish momentum accelerated..

Former Analysis:
Shortterm view: Smells bearish
https://www.tradingview.com/chart/CL1%21/fEIRUevd-Shortterm-view-Smells-bearish/
Shortterm view: Oil             reached an action point @ 44             ,5. For me it really looks bearish ..the only thing that makes me thinking of is the oversold RSI ..because of the oversold situation i have illustrated the alternative way of my view (orange arrow). Prices below 44             ,5 are bearish - the tp copuld be 43$
Comments are welcome - agree or disagree !
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Comment: Jihaaaaaaaaaaaaa - downmove is in full swing!!!
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Comment: only trading above 43,3 will brighten the shortterm chart
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Comment: oil fully reached my shortterm target - nokw the Situation is strong overwsold in this timeframe.... RSI oversold - Price out of the BBs!!! It has toswing back a bit and reenter the BBs.!
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Comment: big Picture: we are trading near the big 38,2 fibo - the possible right shoulder. In the daily, there is place for a further downwave ( 41,8 / 38,8), the Situation is not yet oversold
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Comment: the 38,2 fibo @ 41.92 magically attracts oil !
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Comment:
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Comment: 42.6 / 42.4 are the Levels to watch for shorts (shortterm) - the chart only brightens above 43$ in this timeframe
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Comment: reached next Action Point rsi nearly oversold in this timeframe
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Comment: RSI again nearly oversold - perhaps oil will test the 41.90 again before the next doenwave
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Comment: oil reached next action Point!
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Comment: aha aha
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Comment:
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Comment:
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Comment: reached again an Action Point!
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Comment: Flag is active now
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don`t Forget to adjust your SL
Comment: perhaps we will see a retest of the bo-niveau @ 41.65 - the rsi is oversold again
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Comment:
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Comment: oil nearly reached tp
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Comment: will we see a dip to 40.5 today? Between 40.5-40.75 i exspect a shortterm countermove
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Comment: DING DONG!! TP reached!! CHEERS!
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Trade closed: target reached
incredibile how accurate you have been with your analysis
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MaryJane killianobriain
thx a lot
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in free fall !!
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For today i expect a close in the 40...
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MaryJane gughino2013
wow....if the downflag gets real, my tp also would be 40,8$
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Nice chart. What do you think where could be next bottom/ reversal ? Do you still holding the short ?
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Reached my 161.8 Fibo yesterday (from the first wave down in June). If it bounces, should go to 45 but Daily MA is a magnet.....
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captain_smollett PRO captain_smollett
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MaryJane captain_smollett
what is it for an MA?
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Dialy 200 Moving Average, very strong support/resistance level. I bet tonns of buy order are set there...
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