OIL - Panic selling : DAY 4

FX:USOIL   CFDs on Crude Oil (WTI)
3222 47 62
We are almost there ... 1 - 1,5 weeks and oil             will be rallying out of the bottom.
As we broke 44.40$ the panic selling stage was triggered at the end of this intermediate decline. Today is day 4 of the panic selling.
If I'm right we will be bottoming by next week Tuesday -Wednesday. Some consolidation for a few days and a rally out of the bottom.

Today's data was weak so the panic selling continues. We are heading to the purple box.

Today we just tagged the FIBO 38.2 level. This is an important level. Some of the bears will close the short positions here so I don't think we will drop a lot more today. The bottom ( ICL) should be between FIBO 38.2 and 50 .
So hold on for a few more days and we will be buying.

We are not going to take out the Saudi beartrap bottom during this correction.
Comment: Panic selling - Day 5
One day closer to the bottom...
I think Stock markets will print a HCL in the following 2-3 days. That will be the last push for oil to arrive to the bottom. As stocks are coming out from the HCL oil will start to rally again in its new intermediate cycle.
Comment: ERX is not buying the oil drop.
Nor the oil shares.
Comment: Day 6 of panic selling with new low again.
We are at the box 1 day earlier.
Contrarians will say that this forecast was not exact. :)
Hi can u pls tell us at what level u r buying oil? Thanks a lot
Hi chart...which price do you suggest to wait for buy??thanks a lot
chartwatchers jackcrudeoil
I'm buying in this minute.
New post.
Weekly shows a truly symmetrical pattern, today should be the lowest day ...24 weeks either side of the low at 27 dollars....should bounce next week, but then who knows.
Low volume = no more sellers. The low is just about here. Now is the time to back up the truck.
What is HCL - cannot find anywhere.
chartwatchers pbartashevich
half daily cycle low
Dps chartwatchers
In the Box already..
Oil producers might be high on Natural Gas today. Oil and Gas moved in different directions so companies just stayed.
traderzaius pbartashevich
not even sure how NG is traded anymore.... its the hardest thing to hold
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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