FX:USOIL   Crude Oil (WTI)
2734 16 32
Oil             is likely to rise to 49.
But not stability. And will fall.
It is expected by year's end. Oil             prices reach about 21
Wauw.
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21? That's non sense. Goldman's calls are usually "wishes." Who wouldn't want to go long at 21? But, chances are it won't dip below 30 -- if it even gets near that level...
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Excellent Zar!
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Time will tell how folly this prediction is.

I used to respect you but you recent calls on OIL are not good at all.
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You have mixed matematic and enginneering, always number one. I have the same idea like you with little differents,
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Hey Zar, just to clarify, oil was recently at 49. Are you suggesting that this distribution area is not finished and that we will see 49'again before the fall to new lows?
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I think we see continued operations in the middle east, and eventually oil well strikes taking a lot offline and restricting supply, thus sending price action higher. Oil and other commodities, to me, are pointless to play via technical analysis because it's a much bigger than price action itself.
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Hey STrader, actually you'll see the same areas of resistance/support repeated - for years, in oil. Fundamentals absolutely help guide potential long term trends but analysis helps us identify areas of accumulation/distribution so that we can play the markups/markdowns as those ranged areas break. You'll see ranges present 2004 and 2009 that are now being repeated at our current price level. My opinion, we will see new lows in the coming months and oils bottoming process will take a couple of years to complete. Like 2009, there will be quick swings (like we witnessed over the past 3 weeks). I really don't think that any of us are qualified or able to determine what oil's price should be based on fundamentals but am curious as to why you believe oil prices will rise? Oil is oversupplied, world economies are falling apart, stirkes will be short-lived, all oil pumping countries need cash flow regardless of the price of oil.
snapshot
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Can barely see the price action. A Christmas Tree chart if there ever was one
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Nice painting;)
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BA SALAM GENAB ZAR NEGAR
BE NAZARE MAN NAFT RAVAND NOZOULIYE KHOD RO BE ETMAM RESOONDEH BA BREAK OUT KE SOORAT GEREFT VA DAR HAL HAZER OLGOOYE FLAG RA DAR H4 TASHKIL DADEH VA DAR MONTHLY NIZ CANDLE HAMMER TAKMIL SHODEH KE BRAYE KHARID MONASEB BE NAZAR MIRESAD.
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@ZarNegar, can you explain your analysis here?
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Zar, I see where broken trendlnes are indicated and the overall descending wedge but how do you make use of the angles? Thank you.
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It's looks like mirror pattern.
Nice try.
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KrylovOleg KrylovOleg
or repeating pattern
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