as described in the chart , expecting a temporary upside for oil prices. after that another big sell-off may follow that. good luck.
A.M.E Trend Continuation indicator alerted of a nice short entry on USOIL 8H. Trade as shown on chart. Happy Trading.
Short term Elliott Wave view on Oil suggests wave (B) rally ended at 63.38 on September 17, 2019 high. The commodity has since turned lower within wave (C) which is unfolding as 5 waves impulse Elliott Wave structure. This view will get validation when it breaks below the previous low on August 7, 2019 low (50.52). Down from 63.38, wave 1 ended at 57.67 and the...
looks extended, high short volume. could be ready for short squeeze or another leg lower. my guess is lower.
USOIL is surely coming for a loss on market open this morning but also a steady gain/loss ratio, it will be looking like something to add to your watch list and keep an eye on.
"The Company consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen." right now Shell currently offers the highest dividend yield among the oil majors, at 6.5%. Moreover, that dividend is...
After the drone attacks oil opened with a gap on Monday morning, but today instead of going higher it started to try to fill the gap again. It also break below Monday mornings low so the chance is pretty high that it's going to drop to 54,84 and fill the gap. There is also a chance that it's going to tag the bottom of the range at 53$. Today's volume is pretty...
Seemingly oil has run into the supply area via profit booking. The traders are reducing short risk exposure and are likely to enter for continuation on a pullback. The fading short setup looks valid at this point. However, in the context of the recent price action, the probability of this trade is not the best that we could have.
Bolton's gone. Keep the going up trend? or again 1st, Aug.? Tomorrow is important.
I should go out. Entry(Done) : 57.02 Stop : 57.30 Target : 56 nearby
The price is rejected by resistance, Sell Sell: 56.78 Stop: 57.32 52 pips Target: 54.82 194 pips
I've just sold OIL right now. Oil is ranging into some sort of a range into a downtrend. We are now at the higher part of this range and yesterday we got a nice pinbar on the daily chart. The bottom of this range is 53 so it give us a decent reward/risk ratio. On the 1H chart we are just below the pivot and we have a great divergence with the MACD. Like and...
Crude oil looks range bound at the current moment with a break of the wedge up or down indicating a nice sell or buy opportunity. I remain bearish and am selling at the top of the wedge. Expecting to see below 50 by year end