oillong

Salmanmemon786

Breaking Alert OPEC Supply is cut further by 32,000 Barrels Per Day *Impact: Bullish for Oil Prices* Simply news trade buy in range of 53.9-53 sl below 52 TP 56

BigCharts Updated 

Dear shorts, I know most of us are extremely frustrated with the situation of OIL in the past (almost) 2 months. Whilst it should have retraced a long time ago, it can't seem to do so. In the early stages of this short trade, mostly technical indicators supported the idea whilst in the past ±4 weeks fundamental factors should cause oil to crash, since despite...

tipua411 Updated 

BUY TP 1 = 51.50 TP 2 = 52.00

tomriddle92

Long Oil For Intraday. Keep trailing stops once 54.30 reached.

tomriddle92

Excellent Long Opportunities in Oil Intrday

Salmanmemon786

Simply news Trade and technically strong support also around 51.5 BUY OIL IN RANGE OF 52.55-51.7 SL BELOW 51 Breaking Alert!!! Saudi Oil Minister Says: We will stick to Commitment On Production Cuts - Reuters

Salmanmemon786 Updated 

Simply news Trade and 50 above also supportive level Breaking Alert!!! Iraq and Kazakhstan slash Oil production levels in line with OPEC deal Iraq's Oil Minister Jabar Ali al-Luaibi announces oil output cut of 160K bpd under OPEC production cut deal. Luaibi said that Iraq hopes to cut its output by 210kbpd by end of month, Bloomberg reported. Buy oil cmp...

Salmanmemon786 Updated 

Oil Trading around 52.5 we got 400+ pips then its take correction on News OPEC Production Cut Agreement is under implementation. now its holding its strong weekly support 51.7 level if hold above 51.5 We can see again toward 55-57 level soon advice to buy in range of 52.5-51.6 Sl below 50.7 TP 55

Salmanmemon786 Updated 

Oil holding Strongly above 50 as its holding above we can see it toward 54-55. As weekly pivot point around 52.15 where daily pivot 51.55 level. Advice buy in range of 52.4-51.4 sl below 49.5 TP 55

BigCharts Updated 

Not much to say. The deal rejuvenated oil. Daily and Weekly are bullish with nice volume to accomodate the increase. Oil should be $60+ by year end

DR.

After a successful short position - We took Profit and reinstate Long position again from 52.44 to tp @ 53.26 & 53.59 Happy trading

KasperAndersen

1. So many has forgotten about the Daily IHS. 2. Structure resistance and support + FB, probable waves.

mohsen210007 Updated 

after a retracment we can buy oil it is the start of wave 3

Hadi_A1

My technical oil forecasting... I will cancel this plan by close under 44 weekly.

alleytrader Updated 

This is a trade that triggered real fast so didn't get it here pre launch, but if we should roll back to the trigger point it would still be good

elroytrader1

Don't use these often, but this is the price/action of oil on the way down, mirrored

martin1024 Updated 

Fundamentals for OIL.WTI are long-term bullish, as market should react positively towards President-elect Trump's plans of investment projects. At the moment we are near the strong support around 43 USD. Price action on H4 confirms the bullish reversal (Bullish Three-Bar Reversal)

KasperAndersen

1. Price Action. Seems strong at this level + bullish reaction after election. 2. Strong support 3. Bullish Uptrend, break of structure high = buy signal