CLOSE OIL TRADING ALERT #10 COVER SHORT $CL_F @ 41.91
OIL TRADING ALERT #10 SHORT $CL_F @ 41.61 STOP 41.91
OIL TRADE ALERTS WEEKLY REPORT 11/16/2015 5 ALERTS 4 WINNING TRADES FOR + 0.95 1 LOSING TRADE -0.30 TOTAL +0.65 OR 650 TICKS ON 10 CONTRACTS = $6500 GROSS PROFIT $CL_F
Although slope of the lower bounds of this chart appears to be increasing, note that the slope of the line connecting the three highs at 9/07, 10/06, and 10/30 is decreasing with somewhat more conviction. The Gartley pattern further supports this assertion, and all the ratios are roughly in line. The Ichimoku indicator notes some support beginning at 1.0639, and...
OPEC and non-OPEC nations are meeting tomorrow, but the media remains curiously quiet about the whole thing. In fact, we don't even know what time they're meeting. With the economies of countries like Venezuela and Russia being so heavily correlated with oil, it will benefit them greatly if the pressure is lifted on oil prices. As for the technicals, note the...
WTI has now closed under the support level as indicated.. we should now see a breakdown of price towards the 45.00 levl
My premium indicators are available for monthly lease at www.tradingview.com Technical bias: Smart money appears to be accumulating a position under $52 and the reaction to the pullback confirms the order block is still in place. Long to current resistance at $55 where I expect further consolidation for a push into higher prints. Fundamental bias: Inventory...
Trend is still down, 54.50 is the nearest strong support.
My CRUDE OIL prediction for the next months.
At this time we see overbuy, but i don't think that we will have that situation at long time
We see a bullish continuation triangle developing on the Transport index. To see our full analysis of the situation please check out our website below! www.enhancingcapital.com
USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.
USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.
The OPEC discussion In November 2014 has ultimately confirmed the formation of a triangle on the monthly chart. The WTI crude has replicated somewhat the momentum of the 2008 crash. Giving way for a probable bullish correction in the net 1/2 years. Rejection at the supporting historical TL will push price back upward toward the 50/61.8% FIB levels where...