Pattern: Channel Up on 4H. Signal: (A) Buy as the price rebounded near the Higher Low trend-line of the Channel Up, (B) Sell if the 4H MA200 breaks. Target: (A) 42.30 (Resistance) and 43.30 (Higher High of the pattern) in extension, (B) 38.00 (the Higher Low of the wider Channel Up). Most recent signal: ** Please support this idea with your likes and...
Pattern: Channel Up on 4H. Signal: Bullish as a bottoming fractal has been formed after the price bounced near the Higher Lows trend-line since May 27 and the RSI bounced near the Lower Low trend-line of its Channel Down. Target: 42.00 (just below the Higher High of the Channel Up). ** Please support this idea with your likes and comments, it is the best way...
Price is consolidating in the channel. Once it hit this level before it dropped significantly so i expect once support is broken OIL will fall to the green highlighted area.
Further to the earlier idea related to CLQ2020 contract in which there was a 100% up projection within certain time, it is now established that this contract traded the 100% up area from its YTD low, and that it is currently working the offers at this key zone. The sudden downside for long exposure that we saw earlier on today is most likely an effect of traders...
fibo , s/r macd
OIL futures are in transition and not in a good way A break below this level and we are heading back to the low 30s! There is resistance here and 45-50 OIL in late summer is not out of the question!
The road to 50$ is clearly set. Target will be reached in July.
The obvious and likely thing is to sell oil now, but if he breached the resistance forcefully and entered the rectangle, I would recommend buying oil! good luck for all .
Our analysis from the 1st of May was perfect, now we are in the consolidation period where we form the right shoulder in addition to a bull flag, ready to shoot higher!
Ok guys, you know that I went long on UKOIL about a week ago, and now I’ll update you about my trade. If you missed my first call on UKOIL, follow me to keep in touch with my analysis and trades. Now, here’s my analysis when I long UKOIL (Apr 28): Why I long it? Simple, I saw a Piercing Line pattern near a support, and a Double Bottom in the hourly chart....