ZarNegar
Short

Sell signal for Oil

FX:USOIL   Crude Oil (WTI)
1795 11 23
Bull trend line was broken for oil             .
From this moment we are waiting for the fall.
Soon. Oil             will fall to $ 54 and then $ 50.
Momentum indicators is also located in the area of sales. Can confirm the fall.
Now it looks oversold, first retracement up and then diving.
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Yahia.Awes Yahia.Awes
I made up my mind lol...
Crude Oil, bullish scenario, what do you think?
Reply
ZarNegar Yahia.Awes
Yes, there is possibility of a retracement.
In this analysis I have just pointed out the main trends
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Yahia.Awes ZarNegar
Do you see the bullish signs on 4H-tf?
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ZarNegar Yahia.Awes
Yes, I saw
But I think that the oil does not rise above 59.50.
And likely will fall.
Reply
Yahia.Awes ZarNegar
We have a different opinion in this case I believe. May the right signal succeed!
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I think you are correct. I went long at 58 and covered at 58.75; now going short as 58.60 seems like a resistance point. i will double down at 59.38 if inventory report or other factors move it up.
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Looks bullish doesn't it?
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SkyWalker Yahia.Awes
eventually to 65 when out of this corridor
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Bull signal .
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Hi Zar, your arc showed the right direction but oil made a right shift and only then followed your trend.
It's interesting how did you build your trendline which was broken, is it an angle? because only one touchpoint is on the chart which is not classic trend building where 2-3 touchpoints are needed.
And where do you see it further?
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