Headlines:
- EIA Posts Lower Than Expected Build Whilst Gasoline Inventories Posts Cut
- Energy Sector Slides in US Session as Large Caps Drag Sector Lower -2.63%
- Futures Lower in Asia as Stocks Set to Follow Suit with US Indexes
Headlines:
• Oil Posts Worst Day Since 2008 Down -10.07%
• Saudi Aramco Sees Stock Plunge as Oil Prices Dive Last Week
• Stocks in Asia Set for Lower Start as Futures Pointing Lower
The best place for Buy USOIL will be near the Support Zone.
The price bounced from it several times.
We can make a lot of pips with such strong movements.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
The price can continue to fall.
If the H4 candle will close under the Support/Resistance Zone we can look for an accurate Sell entry.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
Week update for week ending 20 September 2019
In Bull territory.
Projected range for upcoming week 61.57 - 55.33
Price Projection:
HMA: Neutral Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: 5 day relative strength appears Bullish
Consolidation: In Consolidation between 50.55 - 63.33
Price-Trend: .34x ATR
Daily for 20 September 2019
In Bull...
Daily for 12 September 2019
In Bear territory.
Price Projection: 52.45
HMA: Neutral Bear
Bull RSI: Neutral Bear
Bear RSI: Neutral Bear
BSI: Bearish
5 RSI: Negative
Consolidation: None
Price-Trend: .42x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
Daily for 2 September 2019
In Bear territory.
Price Projection: 49.76 - 53.35
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 54.37 - 56.70
Price-Trend: .31x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not...
Week update for week ending 23 August 2019
In Bear territory.
Projected range for upcoming week 55.87 - 49.81
Price Projection:
HMA: Strong Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 50.55 - 60.91
Price-Trend: .79x ATR
Daily for 23 August 2019
In Bear territory.
Price Projection: 51.89 -...
Daily Data for Wednesday 12 August 2019
In Bear Territory
Price Projection: 55.67
HMA: Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Positive
Consolidation:55.16 - 52.40
Price- Trend: 1.88x ATR
The neutrality of the Bull RSI is impacting prices. The 5 RSI has returned slightly into positive territory with the BSI triggering an weak upward price projection.
Oil has been trading inside a stable 1W Channel Up (RSI = 58.083, MACD = 0.440, Highs/Lows = 2.4914) since its December bottom. This pattern has been delivering clear entry (Higher Lows) and exit (Higher Highs) points. It was sustained by the simple factor of never crossing its previous 1D Support. On three occasions it held successfully but last week it...
Sun 10.Feb.2019
Crude oil
LAST= 52.60
Crude movement during the last few days showed a Bullish move, with a recent high price seen on Mon 04.Feb.2019 at 55.59.
During the next few days the price is expected to go down to 51.50
The general view is expected to continue to be in consolidation between 53.65 - 51.50.
On the other hand, a change in the direction...
Sun 03.Feb.2019
Ticker:
LAST= 55.17
Crude oil movement during the last few days showed a Bullish move, with a recent high price seen on Fri 01.Feb.2019 at 55.46.
During the next few days the price is expected to continue to be UP as long as the price is above 53.60. And its recommended to ' BE LONG ' for a targeted price of around 57.80 Taking in...
