crude

Crude is at a key trading point. Given the overall bearish tone on the oil market I'm suspecting we might see a short squeeze before moving lower longer term. Week target is $49.10 with a low capped around $45 per barrel. Lets see what the week brings! Note: All ideas shared here are for learning and understanding purposes only. Any trade taken on this ...

Will go to the 50% level fibonacci

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 $

Well It Resembles to Inverse H&S 1. New Triangle has been Formed 2. One Could Argue that MACD Trend is Getting Broken to Up 3. Bullish Divergence in RSI So Let's Wait and See If We Could Get There

Traders, USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding ending diagonal. A-B-C (circle) possible expanding flat corrective structure pattern. 1- Wave-A (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 39.23 2 - Wave-B (circle) developed ...

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. https://www.tradingview.com/x/dSJhVHsv/ Note RSI - although the new high of 47.71 is slightly above previous major high 47.29 on ...

Woking with fibonacci levels

Crude is currently in a bearish three drives pattern heading toward $4820. Current ABC: 1. A wave completed at 4557. 2. B wave should retrace 50% of A wave to 4667. 3. C wave should retrace 1.618 of B wave to 4490. 5 wave set after ABC complete: 1. Wave 1 should retrace 100% of C wave (50% of the entire ABC move) to 4667. 2. Wave 2 should retrace 50% of wave 1 ...

Hello, Description on the chart. Even more safe bet would be to wait to see if there is a break below with conviction or a break above with conviction. GL

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

Hey Guys, Simple Idea. Either one more up and then Breakout, or directly breakout from the actual point. - Idea simple. O realiza uno más arriba para caer abajo o rompe directamente desde donde está. Carlos

i will go short on oil at 4.93 as soon as i get a candle stick formation for going short

I don't publish much anymore, but since a cycle is due, this is my play for this upcoming cycle.. 80% of my profits have been trading on sine & time cycle dates, using fibs levels and channels to predict and confirm directional change in trend. Using the cycle dates, which show dwn till June 22nd, up til 30th :dwn till July 10th. Will cover shorts on any channel ...

Perhaps a rising wedge pattern with EW to $50,00 before the next fall

As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at ...

Rising wedge

We can observe CL is still in that bearish channel but the price has now created what I believe a highly bullish wedge. Price targets marked as per fib retracements. If we do get a break to the downside, please watch 43.50's area as a buy opportunity.

XLE is slowly making its way towards a very interesting weekly support zone - 60-62$ Notice that this price zone is the 61.8 Fibonacci level from 2009 low and from 2016. Also notice that it is the neckline of a weekly H&S pattern. If it will break, XLE can fall to 55$ and maybe even 50$ If it will hold as support, the extremely bullish scenario is that it will ...