From here, I believe we will be going down to 63.37 where buyers may want to come in again. Disclaimer This chart is an opinion based chart only. Please trade at your own risk.
Oil has now reached the 0.618 fibonacci line although it has gone past it slightly, which is ok. In my opinion, it hasn't reached a resistance line yet which means this has the potential for more further upside around 67-68 but of course it could just go down from here. Oil can go straight down from here to 60.70 before going back up to 63.22 and then another...
It has completed the 5-0 bearish pattern on daily
Crude Oil is at a crucial point with price action reaching the 61.8 Fib level and the yellow zone which is a major weekly resistance. We also have a major trend line being touched as well. We are predicting a reaction and will give an update next week. TVC:USOIL
Crude has broke the important channel and formed candle stick pattern for trend reversal. Expecting Target of 60.50 for this upcoming Week
For our Analysis on the monthly chart we are targeting the green zones as long as price stays below the yellow trend line. TVC:USOIL
We are predicting the completion of a shark pattern and our strategy is to sell at the completion of the 4th leg on the red zone. TVC:USOIL
The following are trades setup ideas in 15 mins chart for Crude Oil Futures . There are 2 distinctive dotted lines labelled as 1. AI's Intraday Resistance line 2. AI's Intraday Support line If price action was below the AI Intraday support line AND price closed below Pivot Point S1 line, the idea is to short and take profit at Pivot Point S3 price region....
My algorithm just generated a signal for Crude Oil WTI: sell limit at 63.900 Stop loss at: 66.00 TP1: 60 TP2: 58 Feel free to comment or follow.
#Crude OIl, professionals closed buying positions in oil, and opened very few selling positions. commercials closed both side positions. volume increasing on falling prices. it may take some retracment but longer term view is bearish.
WTI (USOIL) labeled as an ABC correction, where wave B presents an Expanded Flat which is finalizing with an Ending Diagonal. Expecting a big sell-off in wave C.
Hi, guys that is daily chart very good analysis for 2018-19 years , showing support and resistance , buy at support and sell at resistance
We believe that crude oil has completed its bull run from 58 to 75. Now we are expecting a complete trend reversal in crude oil. This will be our first short in this newbie trend. Cheers :)
As we have mentioned in our forecast, CRUDE OIL made the pullback. Rejected MM 2/8 and EMA 50 . Levels as described in the chart
Crude Oil have been strong from last year with succession of new tops and lows-whilst it just broke the multi-days bullish channel and undergoing a linear compression setup. Price action and momentum indicators are suggesting the downside to continue towards the prior support area around 61.94. I am looking to short this market around 67.27-66.20 with stop around...
Crude has been continuously in uptrend since June 2017. Now It has reached 50% retracement level of Monthly Fibonacci. as well as Crude has taken resistance from the April 2017 Trend line. So today If today or this week Crude closes below 70.50 it will be bearish signal and good sell opportunity for us. So my view is bearish for Target of 66-61 in upcoming 2-3...
Oil slides as Saudi Arabia and Russia consider output boost Next week fundamental points: Wednesday 04:30 PM ET: API Weekly Oil Inventories Report Thursday 11:00 AM ET: EIA_issues weekly US Oil Inventory Report Thursday 12-2pm: EIA_releases monthly report Friday 1:00 PM ET: Baker-Hughes Rig Count Friday 3:30 PM ET: Release of the CFTC weekly commitments of...