Brent Crude seems to find resistance at the rising daily channel, which aligns with a horizontal resistance zone.
Resuming my campaign on the long side on oil as we open up the week. We broke out of an important pattern and held above the support so I am adding to my position.
Oil has been contracting like crazy in the past weeks and the breakout will be nothing short of violent so keep it on your watch list.
This is a high risk trade so I went very light but I am just feeling it. Getting long and will add as we break resistance lines. If you are the fearful type, I suggest you wait for a close above the green line before doing anything.
BCO broke out of a reversed H&S pattern and now came into some resistance. It is accumulating in a triangle formation which suggests a continuation, however, I don't rule out that it will pop on the downside. For now I am watching it, but given that this pattern is visible on a weekly chart, I will pyramid heavily into either direction it chooses. For now I am...
Taking a quick scalp by banking on a retracement after the overly aggressive run-up. Target 2 for 1.
Testing the waters with BCO as I see weakness. Going in light and will add as I see confirmations with my trading systems. First target is 2:1 Second target 4:1
Will SHS be created? If price hits support level, we will have a clear opportunity to go long. Now its time to see how the price develops.
Break of 15min bullish trend. Now is testing support level at 52.70, if prices breaks it, we can project price till the next support level(52.10-52.20)
Hello everybody! First time for BCO. I have bee asked to put a daily chart. then let's go. Anyway, No risk plan Ahead. WIN WIN situation. BCO touched a major resistance and it's now retracing to it's .5 fibo lvl. Match plan : 1 - take (BUY)the retracement ( at least 260 pips ) 2 - when PA is in the Sell Zone, Sell what you bought. 3 - Wait until it...