as long as oil price is declining USDCAD worth a long position
Today at 2:30 many oil futures traders will be making moves to cover short positions that expire today. This may lead to an uptick in oil prices but do not be confused by this soft bottom action. While it looks to be rallying at a bottom, this may just be elusive as the supply picture is still overwhelmingly a surplus. We may get a near-term bounce at these...
Oil is testing prior lows from March 2015. While we may get a temporary reprieve from the selloff (see RSI sending oversold condition for a long time), the ultimate picture for oil continues to be one of oversupply. We have Fibonacci price targets set for 36.44 and 29.33. We see 36.44 being a very realistic target at this point if the prior low is broken. To...
Inverted "Cup & Handle" Pattern..... Lets See...!!!
Oil bounced exactly as it touched the 15 year trend line as I described earlier. I will open a long position here if oil touches 47.50 again. Target 50 Stop loss 44 read more at investarting.com www.investarting.com
WTI has now closed under the support level as indicated.. we should now see a breakdown of price towards the 45.00 levl
My premium indicators are available for monthly lease at www.tradingview.com Technical bias: Smart money appears to be accumulating a position under $52 and the reaction to the pullback confirms the order block is still in place. Long to current resistance at $55 where I expect further consolidation for a push into higher prints. Fundamental bias: Inventory...
My CRUDE OIL prediction for the next months.
Shoulder on the left with a shaft on top, stop at 54. First idea, and tips or ideas?
Meg has a nice breakout pull back setup around 19.50 with a stop around 18.46 and take profit around 25.00. There is nice RR here at almost 1:6
Another nice trade off support at 8.34. Lets see if we can make it to 9.91
USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.
USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.
USOIL is at a level that if broken it could break down to 52.10 Pending order set at 55.70