USOIL bulls are having a good run so far. It seems the oil market is ready to reduce short risk as players start taking profits. Looking for a scalp lower seems reasonable.
Pattern: Bullish Megaphone. Signal: Bullish. Two entries. The pull back towards 53.00 (1) or the break out above the green line (2). Target: TP(1) 58.00. TP(2) 60.00.
USOIL Oil still health in the way to rise to 57.46, weak dollar and oil stock reduce concern made oil got more momentum to push up. So, we better long oil before EIA data coming, then anticipate oil to test 57.46 resistance. -Buy limit 56.17 / SL 55.87 / TP 56.85, 57.42 Support: 55.43 / 55.67 / 56.17 Resistance: 56.84 / 57.46
we should see the oil at higher prices very soon based on technical and fundamental analysis .
Ascending Triangle is about to break, retests happening on the hourly timeframe, Also have a wedge pattern upwards where i have also put a purple zone where i think price will reach
Long USOIL for Target of 57-58$ With Stop Loss Below 55$ Despite Overbought, USOIL is trending up powered by US OIL Sanctions on Venezuela,IRAN & OPEC Output Cuts.
just based on technical analysis. no one knows the future! be careful! trade on your own risk and responsibility! targets are illustrated on the chart.
It seems that Crude oil is showing slowing momentum to the upside as it continues to trade between the 50 to 55 dollar range. Currently it seems that Crude may not be able to make substantially higher highs and higher lows, probably becomes of bad news coming out about retail prices underperforming which may act as a catalyst to drive the price lower. Keep an eye...
We were in a bearish wedge. Broke downwards from it. It was bought back up however we can deem the red box a supply zone and therefore a potential drop can occur once we hit it. Stop loss at 54.7.
USOIL Short NOW!!! U may see the analysis I gave on 2/10 about OIL trend. Like if you trade, make Ideas or comments with me :D
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-8 Hrs Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break and hold above the 52.80, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @...
USOIL Oil got fake break pattern yesterday and keep stand above 51.90 for 3 days. It will anticipate to get strong and close above 52.40. Estimate 2 path for oil bounce: 1.Strong one, price can't break 52.30 and rise to test resistance. 2.Price retrace too deep to trend line support around at 52.00~51.90, in this path, the rising energy will not enough to back...
USOIL OIL seems will have correction in the following days, may reveal Triple Top pattern. It‘s rising for 46 days til now after touch 41.70 low, however, it just exceed the horizon which last downtrend continues and achieve half of it. Also oil got the Fib 0.382 pressure and fall back, consequently, oil may have correction for recent uptrend. Therefore, I...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Commodity consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 53.10, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @ 55.40 FX_IDC:USDWTI...