Overview: The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the...
Here we have a Wolfe Wave for Crude Oil, CL1!. Price broke the 1-3 trend line but did not quite reach 5'. Therefore, we look at the 1-4 line as a target. The arrow pointing to the 1-4 line does not signify the path price will be taking. It is simply a visual tool. I should also mention, I do not have a stake in Crude Oil. I am comparing the movement of this...
We looking to take a buy position in crude from cmp of 43.06. Till the time closing is above the level of 42.39 we look for a target of 50.90 in short term. Avoid short sell is our view in crude.
hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed....
Crude Oi can rally towards $44 in April, with buying around 35-34, Monthly chart is giving it support around 35 for higher targets...
There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
Hello Traders, There is a bearish Wolfe Wave, there is a possibility we will hit 5' so I would cautiously enter shorts in this trade. This also invalidates the previous Wolfe Wave chart I posted on CL1!. You can view that chart below.
This is part one (1) of two analyses. This is of course on daily basis. You should pay attention to the number 2 on indicator and on graph. The price where took a lower low but MACD took a higher low. A positive divergens. What to expect? Saudi Arabia will only free oil production if Iran joins. This fundamental news puts pressure on oil. It is likely we will...
Crude Oil can rally towards 39.5, with buying around 32.5, Weaker inventories are not effecting it like before, its making higher lows and higher closes on weekly charts and 35 is crucial level for its positive trend.
increase of stocks - new record, all time high 356 635 thousand barrels – September 26, 2014, 494 920 thousand barrels – January 26, 2016 oil production is still high despite of decreasing rig counts decrease of managed money positions - 184 317 – October 13, 2015, 69 755 – January 12, 2016, 110 432 – January 26, 2016 Murrey math lines: monthly chart 1/8 –...
Crude is forming reversal patterns on daily charts since $31 that might take it to $45, now it has also started to show signs on weekly charts. USD/CAD showing a downtrend now, it has inverse relationship with Crude. Higher then Average volumes on Demand Day after 4 months is also a good indication. Closing above $31 this week will be a good indication.
Crude oil the most talked about product in the traders group across the glble which has been just falling one side. One on willing to take a buy call in this commodities. We look to take a buy view when we see crude near the range of 23-23.60$. 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
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