Crude oil the most talked about product in the traders group across the glble which has been just falling one side. One on willing to take a buy call in this commodities. We look to take a buy view when we see crude near the range of 23-23.60$. Currently near the range of 28.85$ till then we just wait or keep sell view. Once active we shall keep updating the...
1. My Reversal patterns in Daily Charts 2. RSI Supporting Up Move Now 3. Will Test The Upper Channel 4. Can go Long from 31.5 for Targets of 41.5, With SL Below 30
Crude has no bottom in sight. IF YOU TRY TO PICK THE BOTTOM PLEASE GET A HOLD OF US AND WE WILL TELL YOU WHERE TO SEND US THE CHECK INSTEAD. IT WILL BE LESS PAINFUL. :) BE PATIENT with crude. A bottom will happen soon enough but it will need to FORM a bottom first. We have no interest in shorting down here. Keep on watch list.
Still looking to sell Rallies in Crude. I'm looking for a deep retracement back to $40.00 level. $40 is a key level for Crude if we want to maintain a Bearish view on the market. For all of you that use Combined Technical Scoring System (CTS) to help evaluate trades, we are already at a 7. It will more than likely get a higher score as it comes time to...
No comments... Just 1-st variant of possible price progression near future!
1. Crude Inventory Today 2. Near Structure 3. My Go To Sell Patterns in Hourly Chart. 4. RSI Rejecting Rally in Daily Chart. 5. Us Dollar Looking Strong 6. Markets Also Week 7. Selling For Targets of 31.5
Crude is a trade we are stalking for 2016. We see the possibility of a bottom and will look to buy for a longer time frame. DON'T expect crude to bounce straight to $100...because it won't! We are taking a longer term approach to this. However we will still trade around the core position. We have a descending pattern that is one of favorites. We will watch...
We do not even know, what to say. Everything is reflected in the charts in terms of the fundamental, historical and wave analysis. Maybe we are wrong, and the oil, will take the form of long-term correction, but the growth is unequivocal in the coming years. This is our opinion. Yours faithfully!
Price breakout channel and looking for minor resistance at daily and if break will continue to major resistance. Pending Order : 35.50 Stop Loss : 35.00 Take Profit : 36.76 ( Daily Resistance)
Price still in price channel even it open higher today, possibility it will test weekly support 35.14 or daily support 34.43.
Will take a wave of defaults in the US to stop the glut. 2009 low within reach. Outlook still bearish.
Read text written in the chart.
Price zone at red box under monitoring to see how price react at that price zone. All EMA's 10,50 & 200 shown that CRUDE OIL (WTI) in down trend. Oil price are unlikely to move significantly on news from World Climate Change Conference at Paris since there no immediate action to reduce demand and current oversupply is drowning out other market signal. The...
Oil is still selling off in-front the OPEC meeting this Friday. We are flat and staying away until after the meeting. At this point we think it tests the August lows, but if doesn't and OPEC has a bullish tone then we will see a massive spike. WARNING: DO NOT TRY TO GUESS THE DIRECTION BEFORE THE MEETING. That's gambling at best. For us to get long we will...
We didn't see this big of a move coming. We saw the break but expected a quick return to the wedge after getting more people short. It looks like they will squeeze Venezuela and Russia further with lower prices. August lows are a stones throw away. We will "nibble" short if we get a bounce. It will be with small size and tight stops. It won't take much to...
Keep crude on your watch list. See our last post on crude. Stay tuned