Short Term 45.50 Long Term 41.20
OPEC meeting at the end of the month. There is big manipulation at this level ,barrel $43.50. My future prediction for Crude OIL, expecting re-test barrel $50 area. Before or After the OPEC meeting. Great buy opportunities at this level. As we all know ; Saudi Arabia controlling the oil prices. Dont forget ARAMCO ready to go public. ! They know something. MY...
Our next journey showing a lot of information, including: possible breakout points, down and up; support and resistance points; trendlines, fork range and its exits, explained important points in detail; etc.
This is my second chart on oil for the day. After the first one did give tp1 and close to tp2. On chart i see a good structure(see left of chart) on this 4hour chart . The area of resistance is around 46.5x Clone level. Three arrows that are pointing down are the 3 potential sell opportunities. Sell 1: 47.5x with Stoploss : 48 Sell 2: 46.5x with Stoploss...
Yesterday, as expected, breakout was bring the price near 46$ and then his weakness bring the price short. Now I can see a really bearish pattern: the M bearish. The confirmation of this pattern must be searched at this support breakouts: River and Moving Average 50 - 44.80/44.60 Support Moving Average 144 - 43.50 Support Moving Average 288 - 42 Now this supports...
Eia extended the upswing but gravity prevailed. Now we seem to be headed to the intersection median downsloper and MLH upsloper. I will certainly contemplate longs there with median upsloper as first target and MLH upsloper as second target. Please note my bigger stop for the second target. Trade well and prosper :)
45.30 is MA50, this level is important because breakout can bring the price near 46$. We must keep in minf 44.90 is the support, breakout of the support could be rail at 41.90. Good trading.
I had been shorting this since 47.36 and i am still in those shorts and added more at break of 45.5x area. The potential targets i am looking for now are 45 and 44.48 marked on chart. Clone Levels for Short : For downside 45.53-45-44.48 (favorable) For Upside: 45.53-46.06 Please do trade accordingly. Due your due diligence before placing the traded
WTI has seen continued resistance on any rallies of the previous weeks. The most recent move to the upside found a cap at the falling trend line, with a solid bear candle following. If we see a move below the EMAs, then this would open the door to the downside, with potential for moves back down into the previous congestion zone around 39$.
Have a look from my point of view.It has been working for almost 4 days.45.80 will be tested,afterwards it can go 49.00 but It can't be in the day. If I wont be mistaken,call me for other charts. Goodluck,All the best.
As expected the breakout of 45.50 was strong long. Now we are in dangerous zone because just 1$ for 47$ and could be retracement, (47.89 is the trendline limit). Today a good chance to trading is zone 45.50 again for long position because river and ichimoku supports are at this price. Before of this price, there are others support: 45.70 (Moving Average 30), and...
Take glance at my chart and state your position.In addition,I already stated my position as investors can see. Good Luck,All the best
For the seller,44,20 tp position For the buyyers,45.50 tp position Good Luck,All the best
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.
Possible XABCD movement for tomorrow (staying in range).
Now we are at resistence test of daily time frame, the bottom of the river could be resistence. and reasonable target could be 41.90 if break the support at 44.60. Anyway breakout of 45.50 could be rail long very strong at 47$. So pay attention.