Crude Oil daily chart above revealed that the downtrend since January 8, 2020, high is unfolding as a five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v), where the sub-waves of wave (iii) is also visible. Wave ii of (iii) was a sharp pattern, and wave iv of (iii) unfolded as a sideways triangle pattern. The Wave theory states that a three-wave...
So, even before CoronaVirus broke out, i already had a chart dated back to April 2019 drawn but made private that shows this might be leg C going to 32. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
48.1-48.2 looks like a good sell zone for market. Chose your take-profit yourself, market could possibly get into $44 region with this drop. Trade at your own risk ...
in Asia time we had negative news around Coronavirus and oil the price reaches to support line I am looking for selling opportunity keep your eyes on this chart do not forget today we have news around crude oil
we have strong bearish candle, today we had negative news around oil and demand of that if the price goes down below 49.3 it opens door for going lower and reaching to 48 I am looking for selling opportunity
as all of you know yesterday oil broke the very important level 50$ the price does sharply to down side coronovirus, supply&demand problems, closing china s factories I do not think oil price can recover I am looking for selling opportunity, I am just seller
oil price goes down sharply. as you can see the price revores a bit but I do not think it goes far away. I wait for another chance for geting short position.
If you like this idea, don't forget to support it, clicking the Like Button! 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%) ...
In our last analysis, we were targetting $65.50+ on oil and we got our profit target with a little help from the increased Middle Eastern tensions. From there the news subsided for the most part (tensions still high) and everything was priced in. Causing Oil to regulate back down to the "normal" levels. Price plunged through all the immediate support levels....
Deleted the last one because i realised the cypher wasn't accurate at all, overall oil looks bullish and continuation / reconfirmation of a long term uptrend is being established.
Short WTI Below-58.74$ stoploss-59.60$ target1 price- 58$ target2- 57.50$
Over the past few weeks, oil was making some gains slowly to push up from the lower $50.00 level and nearly into $60.00. There was some technical stagnation just under $59.00. A triple top had formed and we were waiting to see if support would hold for a push through resistance into $60.00, then the news came out from OPEC and OPEC+ that brought a strong 5% drop...
Short WTI-58.05$ stoploss-59.10$ target1 price- 57.15$ target2- 55.80$
Short WTI-58.17$ stoploss-58.90$ target1 price- 57.45$ target2- 57$
I know 3-4 months might be a pretty long time, but this is what I see for USOIL in the following months. However, between the open of market tomorrow and about Tuesday, I am looking to SELL USOIL to around $56.4. Aiming to take profit around $57.4, $56.9 and $56.4 on very short term basis.
Short WTI-57.50$ stoploss-58.30$ target1 price- 56.75$ target2- 55.80$