Crude is in correction mode. It's beautiful trading within the Pullback-Fork and has broken the L-MLH of the smaller blue PB-Fork. The actual pullback to it is textbook like...which I like! ;-) P!
Looks like the previous post will become true. Sitting tight and wait for the Bus to the centerline hehe... Peace!
The real last high was on 2015/08/31 - with a very low close, basically a give-up. From 2016/01/08 price started to stair-step in big swings. The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher. OPEC brought news in the last days - they would even lower prices much more to...
Little bit LONG to TP:53.45 after a big SHORT to TP:48.62 THIS IS MY OPINION!!
Commercial hedging short interest is at multi-year highs - back to where it was in summer 2014 when oil topped at around $100. Hedgers are locking in current prices as they believe they are extremely attractive in the medium term. Speculative positions are also at multi-year highs - making oil prices prone to a downside squeeze. WTI may have set in a near-term...
Short Opportunity in Crude Oil. Good Risk Reward. Buy as high as possible
Previously I was considering that the Wave B/2 was complete where I have placed the vertical line, now I'm taking that as the Secondary Count. The Primary count ( In Blue ) is that the Wave B/2 is still under progression as a Flat correction and that it should see lower levels of atleast 40$ and can even go down till 32$ to complete the Wave C. T1 : 40 T2 : 36 T3...
Short to minimum TP: 47.86 after long then shor again, minimum TP 1: 44.22 THIS IS MY OPINION
we are following a downsloping median set with a median parallel to earlier mentioned mult pivot line (which got zoomed friday and is due for a retest). Because we are following the downsloper nicely i would move stop to BE and adjust target for downsloping angle of target line
CRUDE is expected to SINK now. The reason why we feel CRUDE may SINK. * To Rise and come near 35.89 TO 34.72 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SHORT call shall be from SHORT @ :37.24, SL: 37.58,...