Today will be looking for a break above 5770 for a long idea up to first target of 58.33, and a break below 57.14 for a first target of 56.75. If we remain between these tow prices will be trading it as a consolidation range
Looking to trade in a range below over line and above under line until this market breaks out, then the next shown lines will become the next target. After break out and based on how it breaks out will dictate how I will pick my trade.
Today after a big down move yesterday will be looking to see if oil is just going to consolidate sideways, will be watchful for any impulsive moves out of the area set out and then take a long or short based on how the market performs, will update as the info flows in
strong down move that might need a bit of buying to re balance and then find more sellers, for a couple targets lower that will show up if the move gets going. would need a move above 60.44 before even thinking to the long side. so plan will be to stalk shorts on a small bounce up
Today if 61.90 holds as support then think we move back up to 63 area and just chop around after that. and a move below 61.90 then will target 61.20 for the short
Oil seems poised to rip to higher prices after yet another Trump tweet knocked it down 300 ticks or so from the 66 handle down to the 63 handle. Historically, the markets take his tweets seriously in the short term, but nothing has changed in the way of the fundamentals for CL. There is still turmoil in the middle east, Venezuela, and with Iran. Libya and...
As i mentioned before in my post - we're waiting for OIL shorts. So now we have: 1) Huge false break out on DAily of S/R level. 2) False breakout of 61.8 FIBO zone. 3) Short candlesticks formation on DAILY. 4) Engulfing DAILY candle 5) Close lower previous HL (higher low) 6) Break of DAILY trend line 7) MAssive volume over $65 zone
Put the eyes on first B-C wave it must be deeply enough to recoginzed long-term bear-side i would continue short if B-C wave beyond 2 dollar (66.60-64.60)
CL - Crude Oil Future - Sell @66.25 SL @66.45 TP @ 65.56
This is our “Every-Monday” report on USOIL with a full vision over 3 timeframes. 4H CHART EXPLANATION: - Price is on a confluence level (Pullback to TL + Resistance Zone). - Bearish Divergence on MACD. - if price breaks the ascending channel (63.60), it has potential to move down towards the support zone (62.2) - We will be looking for sell setups on...
Big short We touched resistance line and dont break this is mean OIL need show correction Volumes decrease W1 chart
4H CHART EXPLANATION - Price is currently on an Ascending Channel. - As in the daily/weekly vision, we observe that price is on a confluence level (Resistance Zone + Pullback). - Bearish Divergence on MACD. - If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 (Support Zone) and then to the Daily Ascending Trendline. We...
just a little bit more.. focus now shift to the downside. looking for opportunity to go short with wave 3.
Here we are dissecting the Daily chart for Oil. From a technical perspective we are completing an ABC correction after an impulsive 5 wave sequence to the downside. The first level of interest for shorts comes in at 61.14 with the possibility we can extend as high as 64.59. As long as we remain below here the moves will be considered corrective. In other words,...
59.9 price alert. Short sell if price return under level. Medium term Buy order at 56.5