Technician
Short

Oil: Bearish Resumption Trade!

FX:USOIL   Crude Oil (WTI)
3195 19 41
*Update: First half was closed at first target, moved stop to breakeven, second half was closed at breakeven...

NYMEX Crude Oil             is retesting a key near term area:

-Main falling trend line for bearish trend
-127.1 Fibonacci extension for the latest bearish wave
-the 50-days Simple moving average
-Horizontal resistance which rejected price previously.
-Potential pin bar at this resistance area .

We will probably see a price attempt to resume the overall bearish trend . Nothing is certain so keep stops tight :)

Be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you

Good luck, keep your stops tight..
My best regards
Technician

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
Hello! Is it time to sell crude oil?
Reply
Technician TOP GumerShafigulin
This trade was earlier
-1 Reply
I see. Do you have any idea will the light sweet crude oil go up or down next days?
Reply
Technician TOP GumerShafigulin
This is my latest post on crude today
WTI Oil Short Term Forecast: Breakout...But Not Yet!
.. Sideways bias is likely unless we break the mentioned levels
-1 Reply
Thank you!
Reply
This trade compensated many losers
-1 Reply
Good work Sir. !
Reply
good call !!!! it look like target2 will be touched soon.
Reply
Good call. Dou you see oil going below 43.53? I believe 43-44 was a multi year old support line. Do you think that support will be broken, and if so, where is your downside target? Thanks in advance.
Reply
I live in Singapore. How should one invest in Oil Market. I have strong conviction Oil Market will climb soon in near future. Any inputs appreciated
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out