oil(wti)

...view of h4 chanel

Now the rise of Oil is no longer a surprise. I am seeing a possible swing down to 45.3 and even 44 level. But in the medium term, it shall go UP even higher. 48.7 will be a nice target. Trade Safe, s0nic P.S. Please follow, like, give comment to my analysis.

As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at ...

50% fib on the 4hr had my last one drawn incorrectly, this is the larger move to retrace, fib drawn from 45.04 - 46.72

Price reversed from Kijun line and moved lower. RSI confirmes price reversal. DMI confirms trend market conditions and allows trading. We have short opportunity. Sell below 44.50 level with stop above 47.50 local high. Profit target should be at 42.00 support level. Also pay attention to a bullish divergence formed by price and RSI. It can be a signal that the ...

WTI has had a nice clean buy-up since the dip, but I think sellers are still firmly in charge so I am looking for weakness in order to sell for $40 or so.

Oil looks to pulling back some of its recent decline but I think sellers are still firmly in control. I think we consolidate temporarily and then go for $40-$39

Technical: Bullish case: channel bottom and severely disconnected from moving averages. We see potential closing above a down-trend for the first time in 5 weeks (above 42.96 to accomplish this). If pattern holds, find yourself at the top of the channel (~49.25) within 2.5 to 4 weeks as the spike is has historically been faster than the fall. Bearish case: Below ...

Oil is really getting a beating, but I think there could be a great buy-side opportunity on the horizon. P.S.If you like my analysis, consider taking up my free 2-week trade signals package. Get in touch via private message for more information. I offer weekly trade ideas as well as longer-term ideas.

If the price goes back to the area under 42.82-43.37 $ then the quotation may decrease for more 4 dollars..Area of support is basically for a good reboot towards area 47$

Here's a crazy notion, and I am taking it.  I am buying this dip on WTI.  The rational is simple:  It goes against everything the market is doing, and that is exactly the reason to do it. Who is left to sell?  Is there more supply that will all of a sudden show up and be sold?  No more than normal.  It is the specs I am targeting. My position is going to be a ...

Clearing this trendline should send prices back to the $40s.

We can see that the market bounced from 45.00 level. RSI confirms price reversal and it's buy opportunity. We can place buy-stop orders above 47.00 with stop below 45.00 level. Profit target should be near the downtrend line.

Price reached 51.00 level. This resistance can stop and reverse the market. RSI is in overbought zone and probably it will confirm price reversal. We have sell opportunity. Sell-stop orders should be placed below 50.00 level with stop above the local swing high. Profit targets can be at 47.00 and 44.00 levels. If price breaks 51.00 level, the next sell signal will ...