Just listening to my chart here and also thinking about lockdowns and their impact on crude oil consumption I use 4 take profit levels. When first take profit is taken I simply move the stop loss to zero (entry) and wait to take another 3 take profits lower, if possible.
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Our technical analysis on Oil with the major key price levels. Fundamentally and technically we see a drop, sooner or later, below 30 usd At this stage there is a 60% drop, or a 40% rise to 42.50 resistance and a possible drop from there at 90% (10% only to break that level) HOW WE TRADE THIS: We have SELL and BUY positions at a rate of 7 (buy) to 3 (sell)...
Price at resistance, we are going short on WTI
on Sep 2 we poted this idea : Oil about to drop back to 30 usd Well.. we are almost there. I guess we were right
Oil looks primed to sell off on higher timeframes. as you can see the market structure in place with bearish divergence.
as seen on chart using our strat. weekly downtrend so shorting is good idea
Oil looks primed to sell off on higher timeframes. as you can see the market structure in place with bearish divergence.
Pullback may be over and ready for downwards impulsive move. price pull back to channel and looks like a double rejection of this level
BRENT CRUDE OIL 1D-TIMEFRAME ANALYSIS 💡 Hello ladies and gentlemen This is my new idea for OIL My idea is that the oil will goes lower Targets 36 32 I hope my idea is clear Support me by like and share Good luck 💰💯
WTI on the rise! After confirming our turnaround zone in yellow, oil is poised for higher prices. The end of wave 3 in green is expected in the area of $60. However, we do not want to see prices dipping below $38.45. Below this support line, chances accumulate that further correction is on the way, as the bears are gaining in strength. Should oil trade below...
US OIL looks to recovery to new price rage. Expecting new recovery Have good time all ! # like and follow for more updates. Thank you
Happy Friday oil traders! Let us pause for a moment and remember those who gave all 19 years ago today... Let us never forget! With that said oil appears to have dropped and is hovering around the June low. There is not much support at this price range so will it go up or continue to fall? I am not sure. I believe it wants to continue back up to its $40-$60 price...
The oil market is held up by new long interest working the sell orders of prior buyers, who are by now feeling the urge to re-enter. In fact, the best time to counter a trend is when the urge gets too prominent; with another 10% of upside here, one can start switching from buy-into-weakness approach to sell-into-strength until that green rate is met by this...
After the big drop in oil prices, however, it recovered gradually swinging . However, it is now in a confusing area at resistance and is likely to break it, despite the fact that the barrels of oil have been reduced . Moving Average Indicator gives a good indication for the upside. Moving 20 has been breached, and the Moving 50 remains if the break occurred, it...
AS YOU CAN SEE, I DON'T USE ANY ON CHART INDICATORS SO I'LL KEEP THIS SHORT AND SWEET. FK ALL THE USELESS TECHNICALITIES ABOUT EMAs, ETC. USOIL LOOKS TO SLIDE DOWN TOWARD $36.10 AS CONTINUED EFFORTS TO RAISE PRICE HAS FAILED. FALLING UNDER GROWING PRESSURE AND MOMENTUM, WE COULD VERY WELL SEE PRICE CONTINUE TO SLOWLY DESCEND OVER THE COMING WEEKS. RECENTLY...
Looks like a good opportunity is coming up on this one. Fading the Dec20 RB(buy) CL(sell) Combo IC spread by selling into strength seems reasonable.