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Nezah Nezah PRO USOIL, D, Long
USOIL: Oil RSI and Price healthy channel
35 0 2
USOIL, D Long
Oil RSI and Price healthy channel

Bulls should look to stay in their swing trade until we drop out of the green channel. Although we would expect consolidation soon, resistance is around $51. Look to take half off if RSI or price breaks the current trendline (GREEN) and decide whether or not you want to let the other half ride. Shorts should see entry points next week, but be cautious as a ...

Nezah Nezah PRO USOIL, D, Long
USOIL: Oil broke above and back-tested a bullish channel today
29 0 0
USOIL, D Long
Oil broke above and back-tested a bullish channel today

Yuuuuuge. See related article for my take on the measured move. Head & Shoulders.

Nezah Nezah PRO USOIL, D, Long
USOIL: Bought the dip at support. Will stop out close by.
31 0 2
USOIL, D Long
Bought the dip at support. Will stop out close by.

Not much context here needed, rejected neckline, but pattern is not broken until it breaks the bottom of the right shoulder. You can see that this bear-move was already foretasted with the RSI breakdown from yesterday. OPEC / Non-opec meeting this weekend for some headline/algo fun. Good luck all.

tomriddle92 tomriddle92 USOIL, 240, Long
USOIL: Crude Oil Might Touch 50
92 0 8
USOIL, 240 Long
Crude Oil Might Touch 50

Crude Oil Might Touch 50

tomriddle92 tomriddle92 USOIL, 60, Long
USOIL: Long Oil For Short Term
100 0 3
USOIL, 60 Long
Long Oil For Short Term

Long Oil For Short Term

tomriddle92 tomriddle92 USOIL, D, Long
USOIL: Crude Oil to 60 (Positional View)
116 0 4
USOIL, D Long
Crude Oil to 60 (Positional View)

Crude Oil to 60

QuantumLogicTrading QuantumLogicTrading USOIL, D, Long
USOIL: USOIL UKOIL: IEA MONTHLY OIL REPORT - BREXIT; DEMAND > SUPPLY 17
379 0 12
USOIL, D Long
USOIL UKOIL: IEA MONTHLY OIL REPORT - BREXIT; DEMAND > SUPPLY 17

The IEA Oil Market Report was largely in line with OPEC's assesment yesterday - Non OPEC output was seen falling in 2016 by 900,000 B/D - However, they differed on the 2017 perspective with 2017 expectations from the IEA forecasting a modest growth of 200,000 B/D in 2017. Opec Output however rose to an eight year high up 400,000 B/D in June at 3.21M B/D on the ...

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