The discussions at the tables at the OPEC+ conference do not end, and it shows. We expect the course to drop for quite a bit now. In total, the correction should end somewhere between $41.29 and $39.27, before new bullish runs set in. Once that happens, prices above $59.35 will be targeted.
Let’s go Bears!
- if you follow this setup, do not overleverage
- do not use more than 1% of your balance
simple and effective:
-short at point B between R1-M Pivot and 88.2 fibonacci
-target between S2-M Pivot, 1.809 and 2 trend based fib
-TP +15% gains
Hello everyone , as we all know the market action discounts everything :)
The WTI/USD closed at 74.64 last week dropping from 75.28 but the market is showing great strength , and the bears trying to stay in control . The market seems to be moving in an upward channel between the range of 83 and 63 with no breakouts yet . no signs of a reversal pattern yet .
What a lovely day this is, what a fantastic thing Technical Analysis is.
Yes, we took profit perfectly today on what was a rather easy and predictable trade.
The price dropped minutes later from resistance to support and off from support bouncing back up at the moment.
What is important to understand now is the fundamentals.
Oil price surge triggers new...
THANK YOU FOR FOLLOWING US.
WITH USOIL AT 2018 MONTHLY HIGHS
POTENTIAL FOR SOME DOWNSIDE CORRECTION
POSSIBLY INTO JULY
AS ALWAYS, ONLY RISK WHAT YOU'RE WILLING TO LOSE.
THE TRADING REGIME
As shown in the weekly chart, USOIL breaks out a long-term resistance trendline recently, and rise steadily after a technical pullback. Now the next clear resistance is 75$: if that is broken, USOIL could go up quite easily to a 2014 level of 100$.
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself...
I am not really into futures but I like to see the future :)
What I just saw is not pleasent, we are into a bearish channel and on top of it.
So down we go with a long bearish trend.
Retest failed, all indicators in a bubble ready to explode.
Dollar loosing its power is another factor that confirms the idea.
Check the larger view under....
we are seeing a lot of buy pressure coming into crude today, we had minor contact of our monthly zone and that was enough to send price shooting to the upside. but here at Gentleman Markets we understand that after a push there has to be an exhaustion, so we are going to wait for price to come back to an 1h hour of sensitivity then price action and entry...