Bounce-a-thon You can wait for the 50.13 resistance to break to go long or go long now and have a stop at 47.52. However, there seems to be a better risk/reward if you go long after 50.13. Be patient with this kind of setup since it's a daily chart. Also, I'm new so please trade accordingly.
WTI failed to break new highs despite efforts to cut output from the Saudis. Iran and Russia has yet to fully comply with output cuts meanwhile US oil production gradually increasing week on week on the back of reports suggesting that shale production cost are becoming cheaper. US Dollar remain strong in an uptrend after breaking out from its trading range, this...
This is bit of a contra call since fundamental news points to oil moving higher in near term. EW count is self explanatory; also note the RSI divergence. Crude is moving in an expanding wedge and has lacked upside momentum despite positive news flows. If the EW count is correct Crude could move to new lows in 2017 . SL should be breakout from the expanding...
Crude Oil Short between 45.00- 45.40 Tgt 42.70 Stop Loss 46.60.
Short between 46.40 to 46.80 Target 1 : 44 & Target 2 : 41 Stop Loss 47.80.
I will be looking to go long on oil around 44.10 with a target 1 of 49 and target 2 of 51.80 with stop below 42.80. lets see how it plays out!
How can we see, NYMEX:CL1! is rising and some indicators show this bullish move. If the trend revert and pull back by 23% this strategy will be invalidated.
Please see annotated chart for details on rationale.
This chart could provide short term direction for the crude oil price.
Oil price may reach 46 area before it corrects down temporarily for bulls to take over once again. For details, check eeetradinganalysis.wix.com
Oil is approaching an interesting juncture, after breaking the recent swing low, creating a reaction to the upside. I have shorted oil from between 42 and 41, and added on the way down, but recently covered when approaching the low volume support zone in light blue. I have added a quarterly speed line, connecting 2015's Q2's high with 2016's Q1 low, which has...
Waiting 884 to break to enter long on platinum for long term
S&P 500 Three Drivers Short Strategy for 3% Correction by June 9 Assuming a retest of the 2061.9 low from May 7. Optimal short entry targets around 2121, 2106, and 2092. Take profit on each drive down, reopen short on minor retrace up.
Entry in the mid 50s and looking at an exit if it breaks 70. May readjust to 60s to exit depending on new information.
The bullish trend in oil for the last fourteen days will reverse. The recent increases in price are the product of myopic investors ignoring fundamentals, the current macro view, and prematurely building their long-oil positions. With this in mind, these investors have created an opportunity to continue shorting oil for the interim whilst we wait for the long-term...