crude

Again touched resistance line and dont break. Witing for brak out support blue line

Waiting for break out support line

Now crude oil touch black resistance line. Waiting for correction

I don't have experience in arbitrage trading because I personally prefer high risk trades. However, this setup looks to be very interesting. A triangle seems to be broken and a difference probably rising. If I open Oil LONG position I prefer to keep Brent instead of WTI.

"Oil drops more than one percent on profit taking after four days of gains" https://www.reuters.com/article/us-global-oil/oil-drops-more-than-one-percent-on-profit-taking-after-four-days-of-gains-idUSKBN1CO02X

Seasonal Skew to the short side says that we should fail around this level and rotate lower. Jump on now, or if your christian and like to wait for confirmation, you can short on the failure of 52.80

. So this is an attempt to show my "Relative Value" chart, and why currency spreads can help both identify max/min ranges, and when WTI couples with other G4 currency. Question /Scenario: You own an oil company. You store, buy & sell locally. You have locations in all major countries. You buy in any (G4) currency, but mostly in the currency of the actual sale ...

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 ...

WTI might go down after US crude oil inventories, since there is high expectation for a consecutive declining week in inventories, but unless the inventories draw surprises investors, the most possible scenario results in a lower price for the WTI.

Oil looks to go much higher if it can break out of what appears to be an inverse H&S neckline. Bullish case +1 because of successful tap and pop off channel resistance line (now support).

NYMEX:CL1!

Fractal Structure Significant levels of the market Local limits Regression lines Cycles Modified Fib

US OIL* NYMEX:CL1! has formed the major bearish Wolfewave. RSI Divergence on Daily/H4/H1 along with consequently lowering volume may signify the upcoming trend change: https://www.tradingview.com/x/zwhrkea2/ With the SL slightly above the recent peak and potential TPs laying much lower, the risk/profit ratio makes this sell quite an attractive ...

S/R Levels and structure

Hello Friends. Just thought I would share a short term position I am trading for the time being, I am holding a small buy until 1.31 with a small stop loss below my entry area. My overall bias for GBPUSD remains like the pictures I shared 2 months ago but I take short term positions like this whenever they present themselves. I will post an idea of how we ...

The 12345 waves, became the 2 of a bigger 123 pattern. Easy money :)

Based on current scenario, WTI should start to move quite bit more next weeks, so I'm long and short following lines on chart. Target depends in rejection and breakout zone. Have a Good trading Week. Stay tuned on twitter Cream Live Trading, Cheers!

Possible sell orders left in this area. I'm waiting for Mondays open , need to see selling in the am before