OIL SELL TP_48.99_10.36%_5.66pips_SL_55.34_1.26%_0.68pips
Oil is making a nice expanding triangle. We could see it break and go to 53.81 . Oil remains on a bearish trend.
Thought I should make another crude oil analysis as market did hit the top of the channel line which i am expecting a drop from here, however still waiting for my last signal on the 4 hr view for downside confirmation. Here is my other crude oil analysis which you should find quite informative; DISCLAIMER; Do set stop losses when trading but be generous with...
WTICOUSD came in major resistance zone. It is fibonacci 50% retracement.
Hey everyone, looks like we have a short trade coming in on WTICOUSD. We have a triggered crab pattern and the TP of the pattern will actually break a larger wedge we have been forming. Move SL to breakeven after the first target, blue box, is hit. Good Luck :)
TVC:USOIL Shorting oil with take-profit target of 50.348 and a stop loss of 52.938. According to the daily chart, oil topped and retraced from R1 resistance in classical pivot points, it hasn't been able to close above this resistance and a major candlestick suggests that, for the short term, oil won't surpass R1. MACD is algo turning bearish, its histogram is...
If you have been paying attention to oil then you would have noticed prices dropped from $76 to $54 in the space of a month and even more impressive is the very recent drop of $6+ in the span of around 24hrs, which was a jaw dropper for me. Just 2 months ago when market was still slowly climbing uphill I had outlined support areas for when market goes into...
Oil continues to grow, and Brent has already exceeded $ 85 per barrel. In our opinion, this is just a great opportunity for sales. Yes, technically, there is an uptrend in the dynamics of oil, and market sentiment is in favor of purchases, but these are all temporary phenomena and we will further explain why. Let's start with the reasons for the current growth....
Looking at the long-term analysis on the 1D view of Crude Oil, it looks like it is headed downward. Swing trade wise, it could still go up to 67/68 region, which you can swing trade if the opportunity presents itself. However, long-term view Oil is headed downward from it's July's high of 74, prices are below ichimoku cloud which is bear market indication. Now it...
The increase in oil that we observed on Tuesday is largely due to news about production problems in Canada and Libya, as well as data on US oil reserves from the API. It's about stopping an oil refinary in Fort McMurray (Canada) due to an accident (a transformetor explosion). According to current information, it will take about a month to repair it. The losses...
On June 22-23, OPEC met in Vienna. The main issue that was on the agenda was the increase in oil production. Recall, Russia and Saudi Arabia have taken the initiative to increase oil production. In the last report, we reviewed three possible scenarios. Actual results are something between the compromise and the initiative of Russia (production growth of 1.5...
hi all of my friends here is new face only for traders that they are late to jump in selling oil !!! dont miss the position follow us contact us for learning and teaching forex from us
Today, the indicator "Kenji" on the daily oil chart (WTI) generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume. According to the indicator, the price of oil is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time,...
I'm expecting a short here but either way, if it a 1 hour candle closes outside of the box I will enter a short. For best results, watch for it to close outside of the zone and then re-test the break. Possible trend change longer term as well so you may be able to hold long term (Much longer than the three TP's.
The daily time frame shows that oil is heading to the lower orange trend line again. Stoch indicator is also supporting this indicator thats its a clear sell. Oil is also still setting lower highs and lower lows. However, oil has already completed the bearish 5 wave Elliot structure. This is usually followed by a by bullish wave structure and indeed we can see a...
Although this might take a bit long, but this is how it is likely to move according to my analysis.
UKoil 60min, doble/triple top, FLAT BEAR DVG, short-possibillity. But wait for confirmation down, maybe under that red VWAP-line If it break's up above $56, then I don't know, if this idea is that good any further.... So it could be smart to look for what those next candle's become, b.c. oil look bullish in this upmove.