newbie2016
Short

Oil Sell Setup as per Monthly Chart.

FX:USOIL   Crude Oil (WTI)
319 11 21
6 months ago
Details on chart.
5 months ago
Comment: Stop now at BE.
5 months ago
Comment: Break of 40 will drive oil towards 38 and 37.
5 months ago
Comment: Sell jumps of oil.. it is still under 42.5 and under 55 sma on 4hr chart... Daily closing required above 42.5 to calm sellers.. till then it is on sell
5 months ago
Comment: Oil can fall below 40 again today... possibilty on cards!!!
5 months ago
Comment: Key figure for today is 39.9... above jumps are expected and if that gone that oil in coming week towards 37
5 months ago
Comment: For today, as far as oil is above 41.4 it is bullish.. below it will turn bearish with downside consolidation.
5 months ago
Comment: Sell oil once it takes out 41.4 for targets towsrds 41 and 40
5 months ago
Comment: Oil taken out 41.4... Now move towards 41 and 40.6 likely
5 months ago
Comment: We are approaching close to Seasonal Bearish months.. i am short and will remain short for coming months.. lets see how far this relief rally goes upside..
5 months ago
Comment: Oil data today and market already crazy.. oil can jump from market prices 42.25.. stop of buy will be 41.9 and stop of sell now at 43.5. Market bit crazy now a days in currencies too.. lets market take some decision and till then i am at sideways

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newbie2016
US OIL Sell Setup
newbie2016 about USOIL 5 6 months ago
hey I think oil might ge support from 37.66, while copper more down.
Reply
newbie2016 ShauntheSheep
6 months ago
Oil initial target is 43.3 then towards 40.. and we have daily Inverted Head & Shoulder Pattern as well.. so if oil get support then there are 2 levels.. 40 and 38.. below 38 oil will again start marching towards 30 and below...
Reply
petertaylor435
6 months ago
I so hope so...
Reply
arif_awan
5 months ago
its still look like falling wedge, so price most probably will rebound from 61.8 level.
Reply
arif_awan
5 months ago
LONG FROM THE SUPPORT!!!
+2 Reply
alexeyhoroshunvk
5 months ago
Disagree, I'm wait for move to 60. Just my vision.
Reply
newbie2016 alexeyhoroshunvk
5 months ago
There is difference between reality and vision lol.. all high time frame charts still pointing downside.. but maybe your vision is correct.. and maybe oil fall towards 20s again.. who knows!!!!! Cheers
+1 Reply
alexeyhoroshunvk
5 months ago
Hi! I want to discuss about USOIL and your vision of situation now. How do you see it?
Reply
newbie2016 alexeyhoroshunvk
5 months ago
Vision lol i dont have visions in trading but views yeah.. oil is on relief rally.. and now consolidation process will start as it is now close to resistances.. 46 and 47.. market is in range same as currencies and gold and i think it will remain till US election..
+1 Reply
alexeyhoroshunvk newbie2016
5 months ago
Thanks!
Reply
alexeyhoroshunvk
5 months ago
USOIL goin to 56
Reply
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