Continued idea from previous. 1 - The current trendline looks to be tested within the next few days, look for a bounce (long), or a break (add short). 2 - This red horizontal bar is around the $52 area (key transition area), it broke today, and closing below it over the next few days will be a good sign for shorts. 3 - Most big players got out December 30th,...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
Potential upwards move to close the gap at $60 and after reaching the trendline the upwards move will hit resistance. Downwards move and consolidation for the rest of the year between $52 and $65
Follow up trend, and buy oil, target 55, daily chart, strong signal
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
look the chart simple price pattern + japanese candlesticks and indicators filtering
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
Been a while since updating, all looks good on Sine timeline.... Still on track for low on/about Jan20th. Purple is the wave short pattern. SineTC says price will be at significant low, and below the wave starting point at end of Timecycle. Depending on wave duration, most price drops are over 20% from staring point. The cycles are not the Red/Green visible...
Weakening in the short-term, stronger in the long-run. In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern. The crude oil market continues oversupplied just...
It shown on cci indicator that price crossed it downside, and the price go down after that, now the signal 1- if CCI indicator crossed +100, so its a buy signal. 2- If CCI indicator crossed zero line, so its a sell signal Signals are on daily charts Thanks Regards
If the crude oil price continues with the trend, there is high chance that it will manage to break the resistance zone. After breaking, wait for pull back and long. It will be a 1:3 risk to reward trade.
OPEC deal still fuels movement. We've denied breaking several supports today. 52.45 should be taken, if not today, on monday (bearing really bad news during the weekend).
When I drew the tramlines and fib, they matched. I then noticed the gap between the 61.8% and 50% fibs. If you add in support and assume OPEC will agree cuts next week, then you have five pieces of evidence which point to the same thing.
Here we are seeing oil making a strong break from an important trend line and now doing an important retest of the trend line increases the possibility to go short.