Technician
Short

Oil heading for a break-down #oil #forex

FX:USOIL   Crude Oil (WTI)
5441 46 99
Note: This is not a trade in my journey to 100

Oil             may have topped for now in my view, the price is consolidating below the 200 days SMA losing the upside momentum . Meantime, Other correlated commoidites are breaking down such as Copper             . In short i am looking for a break down.

Good luck
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My best regards
Technician
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ChetanFX
a year ago
I would prefer a breakout to enter either on the upside or the downside..
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Technician TOP ChetanFX
a year ago
Good for you, everyone has his own startegy
+2 Reply
ValeriuV Technician
a year ago
is it safe to assume that oil breaking down will have a influence in usd-cad or other currency that is heavy influenced by oil ?
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Technician TOP ValeriuV
a year ago
Probably yes, also that comes in the context of a potential hawkish fed, which would have a bullish impact on USD.
+2 Reply
ValeriuV Technician
a year ago
thank's , your POV means a lot to me...
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Technician TOP ValeriuV
a year ago
Thanks
+1 Reply
thanks technician
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moneymaking
a year ago
To me Oil is just consolidating technician. Appreciate the idea. Thank you :)
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FutureMeDead
a year ago
I have been saying for some time now that I do not think $54 will remain untested. It is too obvious of support. I agree with your analysis.
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VLD1901
a year ago
You should add an indicator ''Wanga'' and your signals will be more accurate.
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manbearpig VLD1901
a year ago
what does "wanga" mean?
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FXROB
a year ago
snapshot
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Think its forming a wedge pattern
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snapshot
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jangseohee
a year ago
the support has to break down hard
snapshot
+1 Reply
Yahia.Awes jangseohee
a year ago
We already had false breakouts indeed.
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Yahia.Awes Yahia.Awes
a year ago
I think it needs to push a bit higher to plunge.
snapshot
+1 Reply
zhipengcfel
a year ago
Hi @Technician, do you still hold this idea? Oil seems getting supported from sma(50) currently. Thanks.
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Technician TOP zhipengcfel
a year ago
I am waiting for a confirmation signal to short now. Watching 61.70 resistance,
+3 Reply
ValeriuV Technician
a year ago
hello, sorry if it is beside the point but I was meanning to ask you about the fx channel. how is progressing ?
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Technician TOP ValeriuV
a year ago
Pretty busy recently, working slowly..
+2 Reply
ValeriuV Technician
a year ago
ok , I'm sure it will worth waiting for...
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Rupesh
a year ago
I have also short positon today.
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Agreed
snapshot
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Hey Technician,
Agree with you but not all the way..I expect a retrace before more bullish momentum
CRUDE OIL (USOIL) - The Break down before the Major Move
+1 Reply
You should have definitely traded the setup on your Journey.. It was pretty clear!! :)
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BizkitBR PRO
a year ago
bingo !!!
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Yep, i have been lucky on this one
+4 Reply
Lanmar PRO Technician
a year ago
Excellent. Are you a buyer here?
Reply
TahirAli Technician
a year ago
Its amazing that how accurate your analysis were.Your beloved "haters" are not gonna talk on this trade for sure.
Reply
cipri.blaga Technician
a year ago
nice one. what about now?
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aibek
a year ago
Technician, all three targets are hit!!!! Super!!!!
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Technician TOP aibek
a year ago
Thanks :)
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aibek Technician
a year ago
Will you hide your name as Stig in TopGear?
Reply
Technician TOP aibek
a year ago
Hehe, you want to know my name?
Reply
aibek Technician
a year ago
Yes, Aibek, nice to meet you.......Mr......
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Technician TOP aibek
a year ago
Lu'ay , nice to meet you sir.
Reply
aibek Technician
a year ago
First time I hear such a name, my pleasure, Lu'ay!
Reply
EliK
a year ago
Great job
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Yahia.Awes
a year ago
This one you really really nailed it!
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AshYo
a year ago
very nice one.. what is next up targets?
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manbearpig
a year ago
well done Technician. very nice call
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Perfect analysis !
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laprofi
a year ago
Wow! Perfect. You are God of trading... Just God.
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Lanmar PRO
a year ago
Any new thoughts on oil near its lows, Tech? Thanks
Reply
Technician TOP Lanmar
a year ago
Here is My latest post on oil
Is $30 per Barrel the next stop for #Oil
Reply
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