The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area. Another...
Thought I should make another crude oil analysis as market did hit the top of the channel line which i am expecting a drop from here, however still waiting for my last signal on the 4 hr view for downside confirmation. Here is my other crude oil analysis which you should find quite informative; DISCLAIMER; Do set stop losses when trading but be generous with...
H4: - Structure: uptrend - Test trendline - Weakening -> Pullback -> Waiting signal=> BUY
WTICOUSD, Buy on H1. - Continuous upward
just based on technical analysis. no one knows the future! be careful! trade on your own risk and responsibility! targets are illustrated on the chart.
Will see the close of today but we could may see the top of the right shoulder on WTI Oil TVC:USOIL . It can be a nice price to short to the neck of the head & shoulder and maybe more if the neck breaks. Wait & see
If you have been paying attention to oil then you would have noticed prices dropped from $76 to $54 in the space of a month and even more impressive is the very recent drop of $6+ in the span of around 24hrs, which was a jaw dropper for me. Just 2 months ago when market was still slowly climbing uphill I had outlined support areas for when market goes into...
USOIL chart is pretty worse and that will lead to go more down, but in short time some indicators are showing that USOIL price may go up. watch the trend line at least $71
Looking at the long-term analysis on the 1D view of Crude Oil, it looks like it is headed downward. Swing trade wise, it could still go up to 67/68 region, which you can swing trade if the opportunity presents itself. However, long-term view Oil is headed downward from it's July's high of 74, prices are below ichimoku cloud which is bear market indication. Now it...
Oil seems to be following a greater downtrend channel but for short term it seems it might go around 95$ to 100$. Lets see what happens
Oil chance to go long to $62.90 or short to $60.40 between the horizontal pattern now. ($61.15 is a resistance within the short-range) best to wait now. The Oil price is exactly between two bollinger bands , which means price- fluctuations and opening positions most of the time means losing money....
Triangle pattern. Break up 1 hour. Now will break up at chart daily.
Hello, everyone! Forecast for crude oil(WTI). Daily chart - Triangle pattern.
SHOULDER-HEAD-SHOULDER INVERTED THE PRICE WILL HIT $ 85,68.
Oil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd! The orange line is showing which point is the position we open a...
Although this might take a bit long, but this is how it is likely to move according to my analysis.
Bullish signals include: >Steady demand >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 market is So fragile but i think without considering political circumstances and more possible conflicts in middle east it remains below 70$-80$ in 2017 forecast