FX:USOIL   CFDs on Crude Oil (WTI)
Three scenarios suggest long Oil            
1) Perfect inverted H&S so far: if the inverted H&S hold (blue) then we should expect long ride until 76$
2) One possible Elliott wave suggest that oil             is in wave 2 ( falling wedge , or descending triangle ), ans will soon start wave 3 (green line)
3) Oil             could be at the beginning of super wave 3 (Yellow wave count).
4) If the price will be within a channel. then wave 5 green should touch the upper line of the channel.

Of course all above are scenarios with high probabilities and not advice to enter long or short. Trade on your own risk. It is just sharing thoughts.
Personally I entered long a little early at 41.1 $ and I got stuck in the descending Triangle . So I will keep the long until the price exit the triangle and will act accordingly.
Good luck in your trade.
Comment: As the figure shows, the wedge was broken from the resistant line, so far so good. looking to see oil reach 60$. of course keep your eyes open.
Comment: it is going slow but going smoothly as predicted. As far as it is increasing the profit. I do not care how slow it is going. The target is still the same around 60$. Let us see.
Please Note that I am not an inter-day Trader, so I do not chase prices in the short hourly frame.
Trade active: Happy new year to all. You really need to be patient in this one. Still going up like turtle. But no worries, if you are long with me, just stay calm. it is still in the up move mode. and will stay like this for sometime.
Let us see if we reach 60$.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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