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
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...
Crude is testing the lower channel area. We are watching this closely. We want to see a clean break of the lower zone before look for trigger zones. Keep her on your watch list.
OPEC and non-OPEC nations are meeting tomorrow, but the media remains curiously quiet about the whole thing. In fact, we don't even know what time they're meeting. With the economies of countries like Venezuela and Russia being so heavily correlated with oil, it will benefit them greatly if the pressure is lifted on oil prices. As for the technicals, note the...
Two inside days means we are about ready to rock with Crude. This is a clean flag and we still like the upside but BE MINDFUL THAT CRUDE can go either way. There are a lot of factors at work with oil. Don't be a hero and guess. Wait for the market to tip it's hat and look for a trigger.
Crude (21.07.2015) respected our last report & traded lower in last 1 month. However we witness some bounce in last few session but trend still bearish. Now crude is trading around $50.63 & we can see on chart, after breaking the major support area around $56 mark crude fall very sharply towards $50 mark. Somehow this level is providing some hope for bulls but...
WTI has now closed under the support level as indicated.. we should now see a breakdown of price towards the 45.00 levl
THE CRUDE ITS BEEN TRADING WITHIN A CHANNEL IN THE LAST FEW DAYS. TODAY , DUE TO SOME DECLARATIONS MADE BY PRESIDENT OBAMA YESTERDAY ON THE G7 MEETINGS, WE ARE GOING TO HAVE A BEAR DOLLAR, AND WE MIGHT LOOK FOR A LONG TODAY, AND HOPE FOR A GOOD NUMBER IN THE FUNDAMENTAL TOMORROW.
Crude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support. Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as...
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...
Crude Oil Forecast