Oil Long Position
🔵 Entry: $62.19
🟢 TP & RR: $63.55 (2.62)
⛔ Stop Loss: $61.67
REASONS FOR THE TRADE
✔️ Resistance flipped to support
✔️ Fairly strong volume upwards
📝 I am expecting price to consolidate around the entry level and then continue trending up. Even if this long fails, I certainly don't feel comfortable shorting the trend on a move upwards (or at...
welcome to another free signal of Week 43 Nr.3
Market Buy: 54,21
Target 1: 54,48
Target 2: 54,67
Target 3: 54,83
Stop-Loss: 27 pips
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good...
The key to this setup is the emotional candle(big candle) circled in white. when most traders see such candles they pull the trigger(FOMO). i have come to realize that the key to trading is waiting. After the emotional candle the market started pulling back and the sellers came in, at the moment price is in a mini range i am waiting to see if the buyers will take...
US OIL - As you can see on the chart, we have a clear inverse head and shoulders, we don't have a break yet which is definitely what is needed before considering a buy here.
We would want to see a daily close above the neckline and a pullback to test the neckline as support on the lower time frames such as the H4 / H1.
This looks bottomed out and OIL is...
After the hard fall down, price is now coming back to balance.
The yellow Centerline will be tested. From here a natural turn is highly possible.
Additionally there is also a Pivot-Support that helps the CL holding up price.
If you've followed me over the last little while you'd know that I've been bullish crude oil for the last 6 motnhs and man it's been and exciting ride! Good news is I don't think we're done yet! So there's still time to get in on the party.
My long term view is crude to 90 :D Although that's a ways off, and we might need to see some...
Action/Reaction lines seem to catch the frequency of crude.
Also, price stoped dead at the WL1.
How ever - it's probably too early to think of a trade.
Observation hat on...
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Crude Oil reached one of the most important resistance of LONG term.
WTI Crude Oil futures price seems to reflect the growing hopes of resolving major issues with Russian President’s visit to Iran, which may provide new dimensions to demand-supply equation of the WTI Crude Oil price.
On the weekly chart, we can clearly see the picture.
Breakout of 55 USD will...
Oil prices settled higher in see-saw trade on Friday, as political tensions in the Kurdistan region continued to disrupt crude supplies.
Oil exports from Iraq’s Kurdistan towards the Turkish port of Ceyhan were flowing at average rates of 216,000 barrels per day versus the usual flows of 600,000 bpd, a shipping source said.
The supply disruption in Iraq comes amid...