Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
Is USOil ready to test 60? This idea is based on my ongoing learnings with Renko Charts in conjunction with indicators I've used on other types charts. I currently have 3 views of a market that I'm looking at and for USOil it breaks out like this: Daily TF : source/close | style/traditional | blksz/.50 2Hr TF : soruce/close | style/traditional | blksz/.25 ...
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...
Crude Oil prices have bounced from the USD44.82 low of 29 November, with prices pushing above range highs at USD51.93 to reach USD52.42. Mixed short-term studies suggest consolidation in the coming days, but improving momentum readings and the bullish Tension Indicator, (not shown), anticipate a later break, with subsequent focus turning to the USD53.25...
I'm looking to go short this morning, considering there may be more profit taking, and a risk off attitude before today's oil inventory data. Using the downward trend line as my stop, if we hold below, will look to target $50. If we break above the downward resistance trend line (shown on chart), I'll reconsider for a long trade opportunity
Hello Traders, USOIL Recently formed a smaller, internal, WW highlighted in the light blue. When zooming out, we can see that it is part of a larger WW/Geo' that is at work here. As of this moment, I do not expect any higher highs to ensue in USOIL until the current Wolfe Wave/Geo' is complete. Best, Chartistry
Looking to Sell Crude OIL WTI as seen on the chart
after that impulse we may see a correction or consolidation i will wait for confirmation to position a buy. Despues de ese impulso podríamos ver una corrección o una consolidation, voy a esperar confirmacion para posicionar una compra.
H&S formation , last long has completed .looking for shorts as projected. Previous Brent analysis d33t3vvu2t2yu5.cloudfront.net
Possible range movement for the next few days. Keep in mind, this is all before the main event, OPEC decision on the 30th November. Expecting a few calm(er) days, after which a lot of volatility on Tuesday / Wednesday.
Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next? B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c...
Bulls had a poor try to make a move up, but they didn't even retest the broken structure! If it BO the support and TL @ 43,16 then we sell it to 39.60. Like if you agree, follow and support please!
RSI bullish divergence - Are the retailers maintaining the bullish momentum at the same time as the big players are dumping oil? The weak retracement in the big picture reveals the underlying selling and the small investors are trying to catch the low.