SignalSwiss
Long

WTI: Speculative Setup

FX:USOIL   Crude Oil (WTI)
1595 19 46
a year ago
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SignalSuisse
http://www.nonsolotrading.com
a year ago
Comment: TODAY's ECONOMIC EVENT (Risk Trade)
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CRUDE OIL INVENTORIES: (10:30 a.m. N.Y Time)
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The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
a year ago
Comment:
snapshot
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Related Ideas

GianB
a year ago
Why did you choose 42.02 as support?
+2 Reply
Boog2dan PRO GianB
a year ago
Probably FIB sweet spot
Reply
GianB Boog2dan
a year ago
Mine is set lower, the 23.6%. Thats why I ask. This chart doesn't show their reason for support at 42.02
Reply
TahaBintahir GianB
a year ago
it would match channel boundaries
snapshot
+1 Reply
SignalSwiss TOP GianB
a year ago
ABCD impulsive
+1 Reply
SignalSwiss TOP GianB
a year ago
Hi Gian, ABCD impulsive
+1 Reply
ckw01
a year ago
I think 42 is a good time to add some as well.
+1 Reply
Great analysis as always, thank you!! Unless the FEDS raise interest rates this month (unlikely) I believe that USDCAD will remain rangebound strong and wit rangebound weak. Possible 39-45 6 week range.
snapshot
+1 Reply
smitheric1970 PRO smitheric1970
a year ago
WTI
Reply
SignalSwiss TOP smitheric1970
a year ago
Do not confuse Eric! our last analysis was wrong, while yours was right ... thus congratulations! :) :)
+1 Reply
WTI (Crude Oil): MEDIUM TERM ANALYSIS
Reply
Victor.Y.F PRO SignalSwiss
a year ago
Thank you! Nice chart! I think it's still in a grand cycle 4th wave and will last for years. Harmonic patterns would be better in complex waves for speculation trades. The 5th. wave could be very short lived and it could be targeting 20 in 5 years future.
+1 Reply
AMBRISH
a year ago
I liked your analysis.
+1 Reply
SignalSwiss TOP AMBRISH
a year ago
Thanks a lot Ambrish! :)
+1 Reply
AMBRISH SignalSwiss
a year ago
Don't thank me, you have done great job of research and analysis. its short term buy @ 42/42.50.
+1 Reply
MattGraham
a year ago
nope, it never hit your area, missed call
Reply
GianB MattGraham
a year ago
Still to early to tell. It's still in the wave and the channel. Nothing is impossible with oil
Reply
Wow, nicely done anticipating the rise sir, regardless of whether the buy spot was hit! I bow down to you... And in the face of a rising DX, well done!
Reply
Rigpoke
a year ago
Well done, I had held long since the bottom Tuesday morning, today was all gravy. My hats off. If you have your crystal ball out ,tomorrow I would love to hear what you see for Thursday.
Reply
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