As i mentioned before in my post - we're waiting for OIL shorts. So now we have:
1) Huge false break out on DAily of S/R level.
2) False breakout of 61.8 FIBO zone.
3) Short candlesticks formation on DAILY.
4) Engulfing DAILY candle
5) Close lower previous HL (higher low)
6) Break of DAILY trend line
7) MAssive volume over $65 zone
After a long accumulation range that end last quarter of 2018 , we saw a breakout with the price reaching the mid seventies.
This was our first indication that a trend is about to begin. The price then pulled back into the buy zone(75-87.5 fibs) and produced a buy pivot.
Good stopping volume came into halt the price as it move back to the center of the...
The rise of oil process that has been observed recently was associated with the threat of hurricane Gordon in the Gulf of Mexico. More precisely, with it’s possible large-scale consequences. Recall that last year the strongest hurricane led to the shutdown of a number of refineries in the US coast and caused the imbalance in the oil market. Similar feared and this...
Looking at the long-term analysis on the 1D view of Crude Oil, it looks like it is headed downward. Swing trade wise, it could still go up to 67/68 region, which you can swing trade if the opportunity presents itself. However, long-term view Oil is headed downward from it's July's high of 74, prices are below ichimoku cloud which is bear market indication. Now it...
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.
Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they...
Here we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the...
I'm expecting a short here but either way, if it a 1 hour candle closes outside of the box I will enter a short. For best results, watch for it to close outside of the zone and then re-test the break.
Possible trend change longer term as well so you may be able to hold long term (Much longer than the three TP's.
West Texas Oil and Brent Crude Oil are well correlated. Recently we spotted a discrepancy between them leading to overpricing of Brent Futures and under pricing of WTI Futures. Thus we made a synthetic position consist of equal dollar weighted long position in WTI and Short Position in Brent Futures. Trade was initiated on 08 of September and will be closed when...
hello my friends ...
1. reversal pattern forming waiting for breakout follow by continuation pattern to enter short position to T1
2. wait for breakout follow by continuation pattern to enter short position to T2 as shown
Oil is hugging the 200 day MA pretty well - The MACD still shows downward movement, however the stochastic is saying to get ready for a change perhaps and the RSI is showing signs of some exhaustion. I'd expect some more sideways movement in the range of 49.30 to 50.10 - but eventually I'm looking to go long again.