With 111.50 Sell Crude will See Downside and 106 will be Test Again
The consolidation period of close to 12 weeks is likely coming to an end with a breakout up! A close above 102.90 (triangle consolidation resistance level) allowed the price action to proceed with up-trend targeting: *108.30-108.50 *114.80-115 *124 *132 Width of triangle is usually the target of the breakout in terms of size of movement This could make...
$BP looks interesting here. Could try an intraday trade with long positions on the re-test of 31.93 resistance and then capture a run to 33.78 (1.618fib ext.) on $BP or try short positions below 30.07 for a test of 28.93 4h support.
Hey guys, Oil looks like going down once again. it looks like going to test 109.91 once again before heading down. personally I have set an alert at 108.2 to monitor the price action before going to short it. what do you think? good luck!
Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As...
Oil has been rising as expected but the markets will close for the weekend and they will open on Monday... There are some traders out there (including myself) that dare take this kind of trades. Make sure it's a small amount and i high leverage (hero or zero- small special account) Do not try this at home.. Will the prices open Higher or Lower during the...
Oil Prices Slip As Crude Inventories Jump by TEAMBULLSFX
Just an idea and trade at your own risk, OIL broke the symmetrical triangle pattern on the daily timeframe and retested the broken up line, which confirms further up move continuation to next supply area at 150. A break of current supply zone at 110-115 will confirm next bullish movement.
Crude Oil USOIL seems to be following a very similar pattern Following this Idea, the next two days we'll be waiting for a pull back to 100 level, and then get into another rally. The Question is, Will Crude Oil Stay on pattern? or news and the economic calendar will take it out?
My previous idea on USOIL breaking played out with near perfection, now it's all on if a new ATH could be in play. I'm willing to continue to hold my position to find out, this is my first real swing trade , but a drop back to entry seems unlikely at this point. It did do a deep dive down but was able to continue it's upward momentum, I don't see a dive that close...
Bearish structure within a bearish structure.. going with bearish on this one. Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro. Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"? I don't know, but price looks...
This my idea about the current movement on oil we have seen a big chart aiming at 120$+ But for the moment and in the present situation things need to chill out and gain power and clear path. we will see increase in prices very soon but this is a time to take the chance of an exploit and benefice from it. Never trust a candle use your risk and money...
It is a matter of contemplation... Oil is technically ready for a strong upward movement , God knows what could be the cause .
If you haven`t seen my last post: Then you should know that Crude Oil is in a bullish trendline with a price target of $125 by the end of this summer.
Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and...
#USOUSD has broken through optimal trading zone again, based on past patterns and history with the 1H S&R line it's testing, I think we'll see further up movement near 109.123 and then a nice down movement to 4H zone @95.706 area. Plenty of room for a quick LONG and long SHORT position play :)
We can see nice triangle here, so we are just waiting for breaking an triangle. There´s also massive trend line, it´s so massive that even one of the biggest fluctuations in the market of oil wont break the line, so we got a nice support from there. + situation in the world will make oil more expensive, it´s just ques ti on of time to reach 130$ per barell again.