crudeoillong

Petroleum weekly outlook suitable for negative stigma

Well It Resembles to Inverse H&S 1. New Triangle has been Formed 2. One Could Argue that MACD Trend is Getting Broken to Up 3. Bullish Divergence in RSI So Let's Wait and See If We Could Get There

Previously I was considering that the up move from 42 levels was a Wave 4 and that we still had a leg down remaining, however it clearly was not the case as that count was invalidated today. The count published in this post is the most likely scenario for WTI Crude Oil. As per this count we are in an impulsive move from the 42 levels and currently in Wave iii of ...

It's time to throw sellers out of positions Trade without indicators and trend lines is realistic

A pretty interesting technical opportunity has unfolded on one of our favorite instruments: light sweet crude oil futures. From a fundamental point of view, after a historically tight range-bound market, price action broke down violently as US crude inventories surprise came in early march. Price continued to fall to $47.00 throughout March. In late march, the ...

Whats Up in Crude Oil?

In this article I'm going to do Elliott Wave Analysis of Crude Oil and post my forecast for the same. As of now Crude Oil is trading above the important resistance level of 54.30 and seems to be in the starting leg of a Wave 3 of a lower degree. In any case it seems that from here in Crude Oil will break above 55 and as soon as that is done a huge upside can be, ...

Soon we have two possible action on crude oil on this week arroung the price of 55,15: 1) More possibly "a shooting star" appears getting bearish action toward 46,00 which would be a bottom or reversal price for bulls again. Bulls on crude oil during the summer is favorable for OPEC countries. 2)Less possibly crude oil price stays above 55,15 in daily candles and ...

Long Oil For Intraday. Keep trailing stops once 54.30 reached.

Breakout of a range on the H4 time frame with a H4 Demand Zone left behind. Potential long at the Fresh H4 DZ

MARKET ANALYSIS: The pair is now trading in a inverted head and shoulder structure. It has broken the resistance at 51.24 the next possible long term target will be near 61.50. So lets wait and see what the market does in the coming days. Cheers!

Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH ...

If the crude oil price continues with the trend, there is high chance that it will manage to break the resistance zone. After breaking, wait for pull back and long. It will be a 1:3 risk to reward trade.

I think this post is pretty clear and easy to understand. A large reverse Head and Shoulders pattern has formed in Crude. I am confident in the validity of this pattern due to the fact that it has been over a year in the making. Please leave your thoughts and comments! All the best and Happy Trading!

Hello again friends! Today we see that price crossing into a potential reversal area where we see many things have been lining up. First and foremost, notice this steady uptrend. Price has come down in the form of a complex pullback. A fibonacci inversion was taken from the center of this pullback and price has just hit the all-important 1.618 ...

In my last chart I pointed out a point of interest and possible long entry. It seems price has indeed bounced and is now headed north. The median on this hourly chart is a high probability target for me now.

Long to minimum 49.15 maybe 50.34 This is my opinion!

Technically we are still in an uptrend but candles this big are hard to ignore. It looks like the deliberate august run up just turned into a massacre. However i have found an interesting area to watch for possible long entry, or at least for a bump to re enter short.