Since the slide the BB% and MACD has shown a negative bias. However, today a v formation which can be a signal for a repaid reversal occurred.
The EIA will release data tomorrow and I expect another large build. However, any sign of build weakness may cause a short volatile bounce-That is the tell-tell of the V.
I am taking 4 call positions on USO for DEC ...
This is what I see in the future of oil prices
Price falls in the long run
There are so many things
Factors and non-core factors
can be mentioned
Of the non-core factors that are at the bottom of the price
Coming new technology for future
New fuels in the next few ...
As you can see the indicators clearly depicting oil on the 1D (Daily) chart.
Indicators used are;
HAZEMA V101 by JustUncleL though I removed some lines in the settings to make it look this way, as it was too crowded with those lines but tweak it as best suited to you via settings.
Also you may need pro account to be able to add this indicator to your chart. I ...
Crude oil Will continue to grow over long term, but not only the long term. What i mean by this is that the crude oil market will grow with the growth of the refineries of Irving Oil. They have recently boughten a refinery in Ireland and they will be using double the crude oil they have been recently. So whether you want to buy long or short term it will work for ...
Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside.
Look like we should experience price rising higher.
Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue.
XOM seems to be ranging. Bullish and bearish are extremely ambivalent right now.
Currently, XOM is trading at $80.86.
We will find resistance from levels from above including the following:
81.91 from volume profile over the past 30 periods
82.34 from volume profile over the past 100 periods
83.06 from volume profile over the past 100 periods
84.40 from ...
OIL to move in timeframe pattern forming a high or a low at exactly the same time every single day. Basically you can just reverse the trend with a trade at 15:00 UK and will reverse forming the high or the low
Short-term Elliott wave analysis suggests that the bounce to $70.44 high ended blue wave (2). The internals of that bounce took place as Elliott wave double correction where red wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the red wave X in 3 swings. Then a bounce higher to $70.44 high ended red wave Y in ...
Testing a chart prediction here. This goes alongside a bias that crude oil is on the rise and this being one of the stocks that could exponentially mirror that effect. Havent drawn one of these before but could be considered a diamond bottom indicatating a strong reversal trend to probobly the 50 ma (3.40). Another way to look at it is it is breaking out of a ...
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If you like it you can purchase it, it not its cool. No ...
CEI along with other oil stocks were up in trading today. Looking at CEI levels here is where we stand for support and resistance based on its price history. The name of the game here is compliance. In order for CEI to be listed past august it needs to get its share price at $1 per share. In order to remain compliant they have sold off there debt and made there ...
Looking at it from a technical analysis, if the price of Oil makes that "double dip" (W) with the RSI or MACD having a higher low on the second dip, we may be looking at the price of oil potentially breaking out of this uptrend channel and creating higher highs. Ofcourse, the fundementals of an increase in US production and from OPEC may drive prices below the ...