FX:UKOIL   CFDs on Crude Oil (Brent)
1027 10 8
Long to $60–70 area
Comment: Setup canceled, but price still can go up to $60–70 area after correction.
Gorbie, does this trade still active or canceled?
Gorbie FreshOilTrader
This trade doesn't open. It's just setup for ideas in other pairs. New setup here –
Gorbie, good evening! How are you? Do you have some new ideas about Brent? What do you think about 40 and than back to 30? I am using Ichimoku and it is Base Line at 40 (W), we are too close to it now. Will we follow 52 than (Lead Line, W) or goes to 30 - it is a good question for me right now. All the best to you. Hope you are well.
Gorbie FreshOilTrader
Bonsoir Vladislav! I'm fine, thank you.
For Brent is only one direction – goes to $18–20. Then bounce from low with three waves minimum (above $70).
Daily chart setup is here...
Thank you, Gorbie, for your setup, good work. I also believe in 18-20 level come soon, but I afraid it could effondrement to 8-10$ (like 1999, M). Fitch also lowers oil price assumption to $35/bbl for 2016 and they also has stress case for 25$/bbl for 2016. Do you de laisser some way 8-10$ in 2016? Such scenario could be really shock for the economy and hope we avoid it.
Gorbie FreshOilTrader
Vladislav, I don't know about news, scenarios etc.
Technically it's possible ($8-10), but not in that cycle. Probably more later in future. We'll see.
If that price range ($8-10) stay longtime, then Arabian countries should rebalance the spends and budgets before.
The minimal price of cost oil production is $8.50–12.60 (Kuwait, Saudi Arabia, Iraq, UAE, Iran). *UCube, Rystad Energy. 23 Nov 2015.
Hello, Gorbie. Glad to see your new trades. Hope someone finds it usefully. I suprised why do you have so little subscribers as your vision is very clear and justified. How many years are you in trading? You are probably very rich man now. :) I have impressed by your last Brent daily chart setup - good work. You know, I have started to learn Elliot Waves to be able to make such good setups. I have troubles in finding all these waves yet, it is simple to do at historical chart only. :) What do you think about Brent now? If you have some time could you please post some updates about it.
Gorbie FreshOilTrader
Bonjour, Vladislav!
The new setup here…
Awaiting move downwards to $23.9—25.5.

I'm not a longtime in active trading, about two years, and like investor start from 2006. So, the Elliott Waves theory should help in understanding where could be a price action. But it's not a strategy. You are should know about divergency, about any types of zig-zags, flats, etc. Wish you good learning the EW theory!
Thank you, Gorbie! It really needs long time and efforts to be able to see it as you do. I am trading with Ichimoku now and I would like to show you Weeks (https://goo.gl/EvMsqc). Usually in such positions it is going till downside of the cloud (52 now) or go down to Conversion Line (34-35). As TADAWUL has increased today +1.37% - probably we'll grow to 42-43 tomorrow. In such case probabilty to increase till the Senkou (Cloud). If it is going to 50-52 the area of 3 Wave will be overlay and that's againts rules of Ellott Waves (although such probabilty for the short time frame is exist). I see 50-52 in near weeks. Am I seriously wrong?
Gorbie FreshOilTrader
Vladislav, I don't know about useful strategy with Ichimoku clouds. It's depends on timeframes that you can use. It's all about probability.

So, if a price broke $44.55 sharply, and moving fast broke $48.35, then we could see a huge correction into $48.80–$73.11 area. But before we should see consolidation around $43.33. Now we have a low level of daily range and increasing volatility (red squares on chart below). Watching on daily RSI, awaiting consolidation and turn to downward. Vladislav, in that cycle from 11 Feb 2013 we should see $23.90 before price move to upward.

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