- Oil consuption forecats say it will reduce
- Electrical vehicle and reusale energy are getting support from public and goverments
- On Monthly charts theer is a fractal
- Long term trend is declining
- Money flow Indicator is declining
An overview of a short trade I engaged in using OILD back in April and May, capturing a portion of OILD's 110% increase alongside USOIL's 25% decrease. In addition I talk about the long-term perspective of US Crude Oil.
This is a basic chart for educational purposes. The arrows drawn are not predictions, merely possibilities.
There are two scenarios I see potentially playing out:
1. Deflationary crash. I don't think this is the most likely scenario. The Federal Reserve would have to continue with monetary tightening by allowing interest rates to rise and they'd have to be very...
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
OIL HAS RECOVERED ABOUT THE HALF OF THE DESCENT STARTED IN OCTOBER AND FINISHED IN JANUARY. WE ARE ON A VERY IMPORTANT STRUCTURE AS YOU SEE THE GRAPHIC. PERSONALLY I ARE LOOKING FOR ENTRIES TO SELL WITH STOP LOSS WITH CLOSING OVER 71 DOLLARS,
I THINK THE BRENT CAN MISS A 4-5 DOLLARS IN THE NEXT MONTH.
GOOD TRADING AT ALL
the price is approaching an important resistance at around $55 level and the indicators are showing reversal signs. Stoch rsi double top, RSI bearish divergence and Macd histogram bearish divergence as well. entries and targets at the chart.
Oil have two big down movement. First one is done, we have second one.
Big target $35-$37. My small target $46.00
Sell - $59.60
Take Profit - $46.00
Stop Loss - $64.85
Risk = 8.81%
Profit = 22.82%
Shorts (and some naked shorts) are being squeezed.
OS at 129.45M and public float of 116.91M
Check out the volume:
As of 1:20pm EST, $BIOAQ has traded over 14M shares
With all the news out does this feel like retail profit taking or MM manipulation?
If you're on L2, check out the orders-- 250k and 500k...
It seems like oil is finally running out of steam at current prices. Looking at the MACD divergence forming, i will definitely be selling ukoil. Expecting to reach 70$/barrel mid-term and 60 in the longer run.
oil inventories near to come with in 15 mins. As
technical oil support seems at 48.5 resistance 50.5.
now trading at middle point. 49.4 expected after news
can jump then drop . if hold on daily above 50.7 next
station 52-52.5 where breakage 48.5 may call for 47
Advice to sell in range of 49.35-50.5 sl above 51 TP 46.
Use small lot.
Abnormally larger sell volume in last downturn on the price of oil, followed by significantly lower volume on this rise. Bigger players have been taking their exits, be very cautious with any crude oil longs here..
I don't publish much anymore, but since a cycle is due, this is my play for this upcoming cycle.. 80% of my profits have been trading on sine & time cycle dates, using fibs levels and channels to predict and confirm directional change in trend.
Using the cycle dates, which show dwn till June 22nd, up til 30th :dwn till July 10th. Will cover shorts on any channel...
After taking a look at the daily and weekly charts for Crude Oil, I decided to take a small short position, risking 0.50% of my portfolio on it mainly because I am not familiar with crude oil, nor have I traded it before, so I want to tread lightly into uncharted waters. There isn't much of a long analysis on crude oil, this one is purely price action. It fell...