At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month. Now we've got little correction. But we've got also a strong bullish chanel built from june last year. So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year. And one pink TL. But I think zones and all that stuff could be only a...
WE see great reverse candle at a channel top after long consolidation. Will drop down and should be great short ICL and key Fib and resistance
Crude oil had a crazy rally last year and was one of the most promising commodities and is still a performer in January 2018 along with other commodities such as GOLD and Silver. However there seems to be some resistance up ahead for WTI crude oil around the $67 dollar mark and by the looks of it, it can be a good time to short. Yes! i do believe Crude oil is...
Update to recent ideas. I think we might have completed the larger wave 3 and now correction for wave 4 to .236 or .382, then up for 5th and final wave. Currently short from 6444.
After an aggressive extended rise, has crude oil met its match at the 11 year resistance level of $62.58? Good reversal price action after hours: prices flash spiked to $62.56 early in the after hours session, hitting just below the 11 year resistance level before immediately dropping down into the $62.15-$62.25 range. This looked like saudi traders trying to hit...
Everything is mentioned in the chart Best of luck
Here you see 4 different timeframes: Quarterly (Upper Right) - price reached a natural resistance level, where a break is expected Monthly (UL) - the quarterly natural resistance level, mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least...
Hello traders i hope your trading week is running as schedguled. As i have pointed some months ago the fundamnetals for Oil were bullish despite the technicals did not. 90% of the time when we have a dispute between the fundamentals and the technicals both have right but in what order? Short term is wise to follow the technicals and long term the fundamentals.The...
Good evening traders! Today let's look at Crude oil. Here we see price trading in a bullish development, with price particularly unfolding final sub-wave 5) of three. Ideally upside for sub-wave 5) will be limited around the upper Elliott wave channel line, near the 63.00 region, and from there a three-wave pullback into blue wave 4 will start to unfold. ...
Did you follow our bullishness call on Oil Dec 20? It hit $60.33 as expected! We are still in bullish mode but I will not surpise to see a weak swing back soon. If it does, it can swing back down to $57 region and it will be a nice low-risk place to launch more LONG positions Overall, it is going to go a lot higher. Trade Safe s0nic Disclaimer: The...
Update to this analysis > Looks like it could be 2.618 extension of wave 4 to $6420.
"Oil hits highest in 2-1/2 years on Iran tensions" www.reuters.com
If crude is in uptrend, today's low @ 55.8 will act as support for target 62 If break today's low then target would be around 53 (@200ema)
WTI Crude has been in a nice uptrend in the last months. I'm hunting another move higher. My upside target is 60.20. I'm waiting for price to confirm its moving higher by breaking a key resistance level. Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The...
Hello traders, This is a great opportunity for us in USOIL . The trend is bullish, every dip is bought so that tells us that bulls are ready to push this higher in the coming year. I have shown all possible moves that USOIL can make in the chart. I expect an up move. I'll keep the post updated once it breakouts.
Might go long here. Any thoughts on this chart?
I think we will see some correction on crude and then another bullish wave All levels are mentioned in the chart Best of luck
Crude looking bullish on short-term Everything mentioned in the chart Best of luck