Daniel.B
Long

Short Term Opportunities Throughout Crude Consolidation.

FX:USOIL   CFDs on Crude Oil (WTI)
176 0 5
Hey Traders,

The descending (red) trendline is a technical resistance level I've had my eye on for quite some time. Crude was able to decisively close above it, and continue a bullish run with multiple bullish bars following the break. It seems as if there will be a pullback back to the demand support outlined by the two green lines which is also 200 EMA support. We also have this years ascending trendline as support (purple line).

The trade:
This offers opportunity for those who are trading the bullish moves in crude both in equities and the commodity futures . I personally prefer to swing trade high beta (for the sector) oil             companies that are the leaders in the oil             sector (no small cap or speculative wildcatters). And now we may have another opportunity to either add or take another bite out of a bullish swing trade if crude does in fact pull back.

Cheers! =)

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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