Consider this just an idea, IF the scenario happens, we will have an interesting setup to take, and if not, we don't do anything, and that's always good for your trading capital. Main items we can see on the chart: a) The price was inside a compression b) Currently, we can see a bearish breakout of the previous structure c) This doesn't mean that the...
USOIL has broken out of a channel on the downside, could make a few corrections and continue trading lower Share your thoughts in the comments below Like, Comment, Follow
IT IS SELLING. I signal big sale if it broke uptrend. Check my last oil chart. Can't make these profits up. Leave comment and dm if you would like entrys and to make more profit. Thanks mates enjoy
Production cuts in WTI driving the price up above 43.55. Lookout for a reversal back below 42.50-41.50
USDWTI H4 - Waited for this breakout last week but we never saw it. Many rejections from just shy of $43/b, ideally looking to break upside of this and retest in the region of $42.85, from here, looking to jump involved with the long move.
Massive 2.5% drop here, with an instant correction. Look to short WTI into Friday expiration this week
Despite current structure holding there is a valid long buy stop. above MA's, and the strong support at current price has not historically been a strong resistance.
I have been holding this one for a while, sold it around the 20s when I noticed strong rejection along with MGY.. I am eyeing some gaps to be filled at $12 and $15! I don't see this as a longterm hold either but it does swing amazing!
Still in the same structure and we are expecting the down move to form a Daily correction something like the copy of the candles on the right. Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal...
Oil continues to range in a sideways corrective Elliott Wave as we have noted. In the long term, it is likely to remain in the ~300 tick range between the psychologically and technically significant $40 level, and $43.42. Mid term, you can watch $41.64 and $42.48. It is likely to continue to range between these levels. The Kovach OBV has flat lined confirming...
OIL has recovered from the dramatic events of the previous months with -40 dollar per oil contract. Now, following the dollar demise, oil, that has a negative correlation with the dollar index has been on the rise. The last month or so have been spent in a range below the strong resistance level in the red, that seems to mirror the current support level in...
For most of my investing life, I have been a part of the upwards bull run spanning nearly a decade. Growth stocks outperformed cyclical and value, interest rates were kept low, and oil was at favorable prices. However, this year I experienced two unprecedented events: The Pandemic and negative oil prices. Both the pandemic and negative oil prices come hand in...
Potential drop in oil to Support levels of 41.30 or below...
Buy on WTI oil this week with a target of $41.85 fib level. MA about to cross giving us this signal on the 30 minute timeframe
Oil Projections Week of 08022020