Bear Market Has Started. Series of 5 lower highs.
Overall bullish
All of 2017 is in 4 trading wings. We are about to go from bottom wing to the 2ND one. RSI developed a strong positive rally and every time he dose we have a strong clime. MA 50 is there to support just before the breach.
$53.8X target long crude
See chart. Fib clusters
Been holding the weekly 100 ema on multiple tests. 20 ema about to cross up 100 ema on weekly. Cloud is also bullish.
Oil likely heading lower
Short at $53.8X and close at $53.1X
USoil in long term correction up trend
Sell if break red line support
Has been stuck in a range since the end of last year. Just broke out. A pull back to 53.58 area is expected before continuing higher.
2017-2018 price between $50-$75, matched with my earlier analysis for oil
False Breakout To Get The Last Longs On Board.
RISING WEDGE + FIBONACCI LEVELS + STOCH RSI + EXCAVO's BRAIN XD
see price action and BUY break up line
We have weak level 52,75 There is a seller higher 53,50 Short 53,04 SL 53,50 TP 51,00
The candle's are ugly, at best, and the indicators don't look much better.
Looking for a bounce from the sell off to current support.. RSI and Stoch look like they are about to turn upwards, too.
