NRGD goes up when oil goes down; this ETF tracks the oil futures ; it is leveraged and managed. Here on the one-hour chart with an Bollinger Bands and EMA bands indicator added, it can be seen that price had been trending down in two waves beginning June 1st , Upon dropping outside the BB lower line, price reversed upward to reach the upper BB line and...
BUy the dip. OILD target 11 USD by May 2023. Not a investment advice.
The chart shows the uptrend. USOIL on the 4-hour chart bounced for the second time above the 91 - 92 area. The market after testing the 0.618 Fibonacci support is now trading for further resistance. Technical analysis - daily time frame RSI is bullish. In general, the daily-weekly time frame is bullish. DISCLAIMER: This review is not intended to encourage the...
Maybe its taiwan andd china , may be its yeaman hittin aramco, maybe it more russia have to get some accumulation to get break the resistance have to go up 38 or 64 before we can get normal price oillllll
Short Oil @ 57.8 and ride until $55. OILD entry: pullback to 19 or breakout @ 22.5
Looking to short all this Iran drama built into oil.
An overview of a short trade I engaged in using OILD back in April and May, capturing a portion of OILD's 110% increase alongside USOIL's 25% decrease. In addition I talk about the long-term perspective of US Crude Oil.
Entry: 17.50 pullback & 19.15 breakout Stop Loss: 16.90 Exit: ~21.85. ~24.60 if you think USOIL will hit $59
The selling won’t be finished until we reach $50-$47 USOIL. A selloff to $51 USOIL coincides with about $32 OILD If we go below that, towards 50, towards 47, we could see $35+ OILD. For those of you who happen to see this, I’m legitimately curious, how many of you saw this selloff in USOIL coming at $66?? What I’m doing: Buy: anything below $28 really. 26 is...
Overview: Crude futures were relatively flat on Monday in thin post-Holiday trading, as investors continued to drag their feet ahead of next month’s highly-anticipated meeting between OPEC and Non OPEC members. On technical chart, Very short term trend of crude oil is bearish on chart. On its, Daily chart, market is taking resistance of 200 SMA . Crude oil is...
Overview : Crude oil futures for delivery in March traded below $27 per barrel for the majority of the trading session, marking the second time this year that crude has traded around this level. Prior to 2016, the last time that crude oil futures traded below $27 per barrel was in September 2003. On Technical charts, Major trend of crude oil is strongly bearish...
Overview : U.S. crude oil prices pushed higher in early Asian trading on Wednesday, partly recovering from a 6 percent drop in the previous session led by concerns over demand and weak equities. Before that Crude oil fell for a fourth-straight session on Tuesday to settle $1.75 lower. On Technical charts, Major trend of crude oil is strongly bearish and market...
Overview : Oil dropped below $30 a barrel in New York as equities tumbled and no agreement emerged from Venezuela’s tour of crude-producing nations. Speculators’ short positions on crude were near a record and Crude oil Futures fell 3.9 percent. On Technical charts, Major trend of crude oil is still negative and market is making lower top and lower bottom...
Remember the Long call I made on Oil 10 days ago, I hope your are doing well by done.. To move forward, I see the possible extension recovery on Oil, $39.30 is on tough level crack and I see Bear pressure at that level. I am Bullish on the pair...and going Long is still the better bet. Resistant: $39.30, $40.23, $43 Support: $34.16 blog.sonicrsystem.com