Sunday, 15 August 2021
3:00 AM (WIB)
Bears so intense yesterday to pressed the price lower, with attacked the 50 Days of Moving Averages, until the position set to fall. The result in 4 Hours trading session, red.
The lowest price that could hit by Bears was $67.55, which is the last 200 Days of Moving Averages in 12 Hours trading session. So, I believe the price will start move upside tomorrow, when the market start open again.
Considering traders on Crude Oil working at 15 Minutes, I see the MACD and Stochastic also Strength Index at the oversold area. Do not expect to trades on Crude Oil in bigger time frame.
Because already Oversold, I still kept my purchase order at $67. 67. I doubt the price will move back to $57.55, because there was strong purchase already start at 200 Days of Moving Averages in 12 Hours trading session.
Even still in Bears flag at 4 Hours, this week will be Bulls time to take over the chart, and still possible to hit $71. Before the price start move down again to $65.
I will sell orders Crude Oil when the price hit $70 - $71.
But if I'm wrong, It's Okay. I already anticipates with the tight stop loss for this trades.
There is sentiment outside that looks the price of Crude Oil could fall to $60.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
3:00 AM (WIB)
Bears so intense yesterday to pressed the price lower, with attacked the 50 Days of Moving Averages, until the position set to fall. The result in 4 Hours trading session, red.
The lowest price that could hit by Bears was $67.55, which is the last 200 Days of Moving Averages in 12 Hours trading session. So, I believe the price will start move upside tomorrow, when the market start open again.
Considering traders on Crude Oil working at 15 Minutes, I see the MACD and Stochastic also Strength Index at the oversold area. Do not expect to trades on Crude Oil in bigger time frame.
Because already Oversold, I still kept my purchase order at $67. 67. I doubt the price will move back to $57.55, because there was strong purchase already start at 200 Days of Moving Averages in 12 Hours trading session.
Even still in Bears flag at 4 Hours, this week will be Bulls time to take over the chart, and still possible to hit $71. Before the price start move down again to $65.
I will sell orders Crude Oil when the price hit $70 - $71.
But if I'm wrong, It's Okay. I already anticipates with the tight stop loss for this trades.
There is sentiment outside that looks the price of Crude Oil could fall to $60.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"