OIL is surging on the fundamental news And has broken a number of important resistance levels Now, firmly above these level Oil is in the rising channel And has got some space left to move higher To then fall and retest the channel support Short form resistance! Like and subscribe to never miss a new idea!
Our reviewed and renewed chart on Oil, how it has been rising on positive sentiment and vaccine news but also it has hit the resistance and a drop (even temporary or bigger) is expected. We have positions opened from selling last week, we are doing dollar cost averaging and selling now again, so please oil, just drop ;)
OIL SELL TP_33.56_17.87%_7.30pips_SL_42.80_4.75%_1.94pips
OUR TECHNICAL ANALYSIS ON CRUDE OIL WITH KEY SUPPORT AND RESISTANCE LEVELS AND PRICE TARGETS
It seems the run $USOIL went on during the first half of Monday's session met its resistance, as written, around the 41.5-41.65 mark. It is below that right now, and it might not even test that point today. Watch for the dip below 41. It is this trader's OPINION (IDEA) that $USOIL has strong support at the 40/barrel mark, which it has not for the last many...
Oil has risen early this week but we see major resistance being checked and possible drop in the next few hours. We are going short again, now.
The resistance area of 43.03 was very strong and it was not broken and formed a pin bar to sell on a daily time frame given as the confirmation to sell to the support level of 36.04
First (re)bounce target reached! Continue to look for SHORTs here.
So we called the drop nicely, now let's take a look at our targeted take-profit levels
Our technical analysis on Oil with the major key price levels. Fundamentally and technically we see a drop, sooner or later, below 30 usd At this stage there is a 60% drop, or a 40% rise to 42.50 resistance and a possible drop from there at 90% (10% only to break that level) HOW WE TRADE THIS: We have SELL and BUY positions at a rate of 7 (buy) to 3 (sell)...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Price at resistance, we are going short on WTI
on Sep 2 we poted this idea : Oil about to drop back to 30 usd Well.. we are almost there. I guess we were right
Crude oil has been taking a beating the last few weeks. Lockdown crawling over Europe as Covid cases are increasing. Demand for Oil dropping. London into lockdown starting next week, low demand for oil still, lower prices expected. We are noting a steady decline in oil, still hunting for the previous low target of 32.8 could be rocky with elections just round...
BRENT - SHORT ENTRY PRICE - 43.21 SL - 44.26 TP - 41.21
SELL OIL/USOIL for a nice short trade on the 4Hour chart. Targets as shown.