Hi everybody ! Today I propose you a nice buying opportunity on Crude Oil. The last Dollar downtrend didn't affect oil market. I think there is here a nice divergence to take. The price of oil could lead up soon. On the technical view, we can see a nice consolidation of the spring strong uptrend and we are close to have a MACD buying signal. Moreover the 26-MA...
i think like this , in this area time, we can think about short crude oil . but this sort is not so heavy . tnk
Dear traders, the most of us were hoping the oil price would drop forever, well at least those of us who drive a car or have an oil based central heating. But as the commodity market is no exception and no one-way system it had to stop at one point. So it did. The oil price is rising again and the question now is: Was that it? No more cheap fuel at the gas...
The rebound we saw during this week on the WTI was quite predictable, especially given the technical levels on D and on W. If gurdate my old analysis ("WTI Pullback?") You will see a abcd consolidation or almost completed. Now the question what? We are at the end of this rebound or not? I do not want to spoil anything, but it will be crucial to see precisely...
Ahhh so many lines! I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE $DIA (to compare industrials vs. broader market a la...
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...
THAT'S TRADING...we were looking for a pullback that didn't happen and our rules say "No Trigger, No Trade" and we didn't get a trigger therefore we are not in this move. Does it hurt...YES! But discipline pays and with discipline you will miss some moves. If you are short CONGRATS! Be sure to take some profits and move stops. $41 is approaching fast. We are...
Crude (10.03.2015) fall more than 60% in last 6 months & now consolidating in tight range , probably looking for another big move. Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move & provide a either side breakout in 50-75% length range....
Short Crude oil Brent to near 52 and then maybe we go to new high. Global image, wave 4 in V of (V): i.imgur.com
Oil strongly resists to go down despite ongoing physical oil oversupply. Many would think that 63 resistance will not be broken and it's safe to short at this level. The market will fool you on that. From EW structure we see that the main A-B-C zigzag is not yet completed and what could be taken for a beginning of a downward impulse during Feb 18-22 was in fact...
CL could break this week. Take a look at your weekly charts. Price keeps bumping up against the upper resistance. This is on our "watch closely' list.
Price seems to be consolidating between 48 and 54 after hitting key support of 44. It does seem like this market has formed a temporary bottom. Last Friday, price broke and closed above the downtrend line, signalling potential reversal or deeper correction. A break and close above 54 is key to confirm further upside. Waiting for either scenario (a) or (b) to happen.
CL is stil range bound and now has formed a small ascending wedge. This si on our watch list. CL could break for a nice move soon.
Crude oil is making new grounds with it soon to come with its reverse pull back, same thing happened in 2009 although there is a possibility that crude can slide to support at 40$. either way i will be easing my way into a positions using the ETF UWTI which is priced very cheaply at 3$ a share. also a big shout out to @Ricker for showing me UWTI
Crude oil is almost bottomed out, now price of $43.5-46.5 became a very strong support and main area to watch for future price projection, Closing below these levels will might raise a doubt of further price slashing till $40 or below but in my view this is very unlikely. Stochastic is also indicating the reversal sign and behavior of indicator is very much...
CL is range bound for now and could go sideways for a few week. We are still trading inside the monthly trend line and we will favor the upside for now. Watch more CL commentary: youtu.be
CL played out very well for us. Price moved back into our zone and triggered a long (a small position). We have covered into this spike. We will look for pullbacks to establish a new position. We will post another chart with areas of interest. Stay tuned.
CL made a new low in the March contract. The continuous contract is within a few ticks. Regardless of what contract you are trading CL is still weak and standing in front of this train wreck is bad for your account. We will stand aside until we see the first sign of upside volume then we will place it on the watch list. Watch more on our Weekly Video Update: youtu.be