Type : Bullish Rise
Resistance : 100.74
Pivot: 98.96
Support : 97.95
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 98.96 where the swing high resistance, 78.6% fibonacci projection and 78.6% fibonacci retracement are. Once there is upside...
Type : Bearish Momentum
Resistance : 104.47
Pivot: 101.56
Support : 95.17
Preferred Case: On the H4, with price moving within a descending channel and RSI moving along a descending trendline, we have a bearish bias that price will drop from the pivot at 101.56 where the pullback resistance and 78.6% fibonacci retracement are to 1st support at 95.17 in line with...
Type : Bearish Momentum
Resistance : 98.38
Pivot: 95.18
Support : 90.69
Preferred Case: On the H4, with price moving below the ichimoku cloud and within the descending channel, we have a bearish bias that price will drop to the pivot at 95.18 where the overlap support is. Once there is downside confirmation of price breaking pivot structure, we would expect...
Type : Bullish Rise
Resistance : 9999
Pivot: 9410
Support : 9124
Preferred Case: On the H1, price is moving above the ichimoku cloud and within the ascending channel which supports our bullish bias that price will rise from the pivot at 9410 where the swing low support and 23.6% fibonacci retracement are to the 1st resistance at 9999 in line with the swing high...
Type : Bullish Rise
Resistance : 9753
Pivot: 9312
Support : 9129
Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 9312 where the overlap support is to the 1st resistance at 9753 in line with the pullback resistance, 161.8% fibonacci extension and 100% fibonacci...
Type : Bullish Rise
Resistance : 120.88
Pivot: 119.21
Support : 117.64
Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 119.21 where the pullback support is to the 1st resistance at 120.88 in line with the swing high resistance and 61.8% fibonacci projection
Alternative...
So as we know Crude has been pumping passed few months especially last few weeks.
Ever since gapping up to 130 about 2 weeks ago we created a head and than A right shoulder and fell down.
We do have a gap need to be filled highlighted below. Especially if the rest of the Indices like SP500 and Nasdaq push up
Lets see!
I had 107p and 105.5 contracts i closed...
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Do you know what are the 15 countries that imported the highest dollar value worth of crude oil during 2018?
China: US$239.2 billion (20.2% of total crude oil imports)
United States: $163.1 billion (13.8%)
India: $114.5 billion (9.7%)
Japan: $80.6 billion (6.8%)
...
USOIL has formed an inverted head and shoulders pattern. We are currently at the neckline ~53.60's where price has touched many times. If price breaks, we can expect price to move to the upside.
Price could move up to the first zone @ ~53.97 then we may find a retracement/retest of the neckline before price moves to ~54.30.
Waiting for breakout as confirmation...
