WTI Crude Oil – Trade Plan
The trade idea is to stay bearish below 71.61 with a stop above 71.95 and take profit at 76.40. Good luck!
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I'm speculating that the inventory draw by 2.1 million is already priced in. Therefore, the oil prices may drop on the release of EIA report. That being said, I will be looking to stay bullish above $65.02 to target $66 before the release of news today. All the best and stay tuned for updates. Keep following!
I will be keeping a closer eye on $65.95 to target $64 and $63.85. Whereas, we may have a buying signal above $66. Good luck!
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I’m planning to stay bearish below $65.75 to target $65 and $64, whereas my buying limit is set at $63.85. Good luck!
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The idea is to stay bullish above $67.60 to target $68.40 before the release of news. We may have an update after the EIA report, so make sure to revisit for update forex trading signals.
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I have been chasing a down movement, most of my charts on WTI are bearish although I put a good LONG some weeks ago. (See my twitter feed taking about a triple divergence)
Next week I am seeing a high chance of WTI going down hard, next jump may reach 80's but it has to go down and get some impulse before we get there. The question is how far will it go?
I am...
looks to me the price of close in oil is getting ahead of it's self, so try to get a fill to see that reverse. This one will have about a 1K pbr so will shoot for about a $500 gain, however the down side on thins one could exceed 500 also
Let's see whether we can catch a significant bottom in USOIL price for 3rd August in a row :)
I am looking for decline through the next 5-7 weeks due to the following brutal rejection at Weekly Pivot R1, which is also Daily EMA100.
Note RSI - although the new high of 47.71 is slightly above previous major high 47.29 on Jul 4, downtrending RSI makes me think...
green circle is my interpretation of investors shifting to long in WTI.
watch gold too, both should be rising now.
MAJOR TREND CHANGE
got 3 longs in WTI, as stated in my status on my profile
got 3 longs in it from different prices (look at my status on profile).
wti is a BUY , psychologically for the market, it would lose to get again to 3x.xx $, not reckoning anymore with thirties area.
if you can hold, hold it for 20 years around, we'll get prices over 150 $
Strictly Technical WTI Channel In Play //
STOCH SIGNAL // Bullish start H1/H4 // Oversold conditions
GMACD // Trend/UP Medium M15/M30/H1/D1/
Very strong downtrend for WTI and if breakouts of channel we will look to short Crude Oil but if we get a bounce from this upwards channel we can take a position going long to 48-49. I will update this Idea if I find a valid setup.
