#crudeoil#commodities

Wave (v) of is likely going to be continued in a form of a zigzag

As we can see crude oil is looking for support at trend-line and the 200MA plus 50% fib retracement level. Saudi arabia's increased output by 10M barrels was the cause for this decrease in price. Today United states Crude oil Invetories were down 237M barrels vs the forecast and that plus F.E.D decision gave some fuel to the price. Technically we can see the ...

There's an opportunity to have a bullish impulse in wave c of (v)

Bulls are likely going to deliver wave c of (v)

There's a possible diagonal triangle, which could be wave {c}

Looks like we will start hearing positive news from the OPEC meeting tomorrow. If my chart is correct, oil should re-visit 50s once again and it is perfectly shortable from there. I target the April minimum of 35.20 as it is a base for an eventual Head&Shoulders pattern which is still being formed. Also, catching a 10% ride up, is also a good idea as the stops ...

We should enter longs in CORN at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with. There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move. Good ...

https://www.tradingview.com/x/ebOI77rT/ hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z ...

A clear break and sustain trading above 45.5 may take crude oil to as high as $50 before sharply down.

Watch the lines for a place to jump in on this downtrend of the Equity/Crude ratio.

The reason why we feel CRUDE may Rise. * On weekly basis it has just started moving up * To Rise and come near 39.57 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Sinking.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above ...

https://www.tradingview.com/x/R3oeGKRd/Resuming from previous Crude oil Post in the blog, check it here... Obviously yes the bottom is in the visible limits We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle ...

Resuming from previous Crude oil Post in the blog, check it from what's happening section... We at that time just had an idea that the developing correction could be a triangle but in the recent trading sessions, it is really very clear that the current correction is most possibly a triangle (Elliott wave Descending triangle) and within which the waves ABC have ...

CRUDE is expected to rise now. There are many reason why we feel it may rise. 01. It has bounced back from quarterly sell target 02 level. 02. Bullish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it had to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) states it may rise. 05. RSI(14,CLOSE) Is also of the ...

You only have the past data plus what is going on now, that is the present to predict the future price action. So what you need exactly to be a successful trader?? - Well, you need the odds to stack up to pick the right direction of each trade. - System, method, strategy that generates big winners vs losers. - Be emotionless by having precise entry / exit ...