as the chart say . the coming Pressure zone is SO important for our "long position "
before the next EIA DATA we will check this out for profit or close for stop loss !
looink up to our target @ 70 first stage !!
Resuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility...
At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month.
Now we've got little correction.
But we've got also a strong bullish chanel built from june last year.
So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year.
And one pink TL.
But I think zones and all that stuff could be only a...
Oil should continue its bull run higher after a short correction. Saudi's seem to be finally getting their act together, and with power consolidation, should be able to limit supply enough to continue this rebound in prices this year. Fed's higher interest rates should dampen the response from debt-laden shale producers. These should set up for long-term higher oil.
Bullish signals include:
>Global inventory declines of 72m since January
>Capex slashed year over year since 2015
>Potential for output cuts to come
>Instability in the middle east
>Rising marginal cost of production.
oil Trading around 51.5 and Strongly holding 50.5 level
which is very strong support if hold above 50.5
we can see 54-55 this week.
Advice to buy oil in range of 51.55-50.4 sl below 49.8
TP1 53.5 TP2 55
Latest headline crossing the wires on oil markets is from the Iranian OPEC Governor, noting that he is ‘very optimistic’ on OPEC deal. (Reuters)
use small lot as risk Vs Rewards
Buy oil in range 44.9-43.5 SL below 42 TP1 47.5 TP2 49
Oil Strong hold its support of 43.5 and Formed Strong bullish candles and also Done fibo 100% now trading above 0.23 we are expecting it may touch 0.50-0.61%
Advice buy oil in range of 45.5-44.4 sl below 43.7 TP1 47.3 TP 49.5
Despite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in...
PRICE CAME DOWN AND RETESTED THE MAJOR SUPPORT TREND LINE AND THE 0.618 (43.00) FIB LEVEL.
PRICE SHOULD BOUNCE BACK.
ENTER WITH A BUY STOP JUST BELOW THE 43.60 PRICE LEVEL.
STOP LOSS JUST BELOW THE 0.618 FIB LEVEL AND THE MAJOR SUPPORT TREND LINE.
PROFIT TARGET IS 46.70 PRICE LEVEL.
STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.