Following the bearish outlook, Prices from Friday created a false breakout that ha me looking higher, Mondays session produced a high and price has been continuing its bearish momentum and outlook and forming a key pattern on its way down, The magenta oulines on the chart outline the Head and shoulder pattern while the rectangular highlights show us the key...
Pattern: Break out from 1D Channel Up.
Signal: Bullish either at the top of the Channel's trend line or where the MA50/200 currently are.
Target: 66.00 (below the 1W Resistance).
May be a possible GAIN/PROFIT in the oil stocks long/short term depending on the next upcoming days/weeks. as seen in the diagram this stock could be a potential rise and gain in all of the upcoming oil stocks add this to your watch list.
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...
Saudi Arabia complained that it can’t remain profitable with oil prices this low. Trump bows to Saudis Arabia, and might fix their problem. Just an idea- as these all our. Not financial advice.
OANDA:WTICOUSD has now approached buying zone. The following trend indicator is based in a combination of two bollinger bands with both one and two deviations.
When the price enters the higher-end of the channel, it means the trend has started and its time to buy now. The current political tensions in the middle east should provide some support to the current...
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