An invisible hand is steady buying from the market, and is ready to challenge Season Average. Reason as following: 1. Last Friday(2016/2/26) a fast correction, forming a red cross hammer. (Bearish message) But this Monday(2016/2/29) the price going up eating the red cross hammer's 97%. Indicating the it might be a fake bearish sign) 2. 3 lifters forming a...
If it is still bullish: According to the past 1.5 month correction experience, there are 4 possible correction patterns: 1. RED: Fast correction - Target at 33.1 2. Blue: Fast, too - Target at 33.0 3. Pink: one week correction: Target at 31 4. Brown: one and half week correction: Target at 33.8 After a healthy correction, then next move might be target at USD$38...
Is it a weight lifting pattern? If it is a weight lifting pattern, then maybe it will dance a limbo wave here for a while. After that it might break the major resistance 37-38, and goes up. Limbo wave dancing Range Trading: Upper limited: 37-38 Bottom Support:33-34
It Looks very reliable that we have an ending diagonal triangle right here on brent. Could mean ending of correction and starts of new down motive wave. This is an idea that goes against my last post on wti. Not totally because i mentioned an alternating counting, that agrees with this one here. Should have looked to brent before posting that one but it doesnt...
Good morning traders, I´m attempting a Long Brent , considering latest comments from OPEC producers regarding production cuts. Clearly current prices need to be stabilised. Stop @ 29.8 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade...
Oil seems to have no achieved a new structural high to continue it Bullish Breakout from Monday. If this is the case then this can be perceived as a start of corrective movement to get back into its earlier long term Bearish trend. If Oil continues to fall and reaches the lower trend support line, watch carefully for the breakout and hop on a SHORT position....
UK oil is in correction wave 4. It seems that the wave 4 is a triangle correction. The triangle has finished the ABC waves and now is in wave D. Time cycle The wave 1 was last for 78 days. The correction wave 2 was last for 34 days. The wave 3 was last for 71 days. The correction wave 4 is last for 22 days until now. From time cycle, the correction wave 4 might...
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios...
Friends, Oil has been in a downfall over the past several weeks, based on a variety of fundamental opinions, be it geo-strategically, cyclically or economically driven. GEOMETRY: Technically speaking, since mid-July 2014, price resolved itself out of a geometry following a protracted sideways defined by the A-B-C-D-E points. From July 14th to August 04th,...
I see a run down to 28 dollar to form a double bottom formation.
Oil is continuing to follow the pattern of the March 2015 movement. The Green lines here representing a perfect clone of the trend line from the low of 13th of January 2015 all the way to June 6th. Which this run from January 20th 2016 has held up amazingly similar. You can also see the H&S pattern from that time in 2015 being perfectly alike the 2016 H&S...
Here is a long trading opportunity on Brent,which is well worth the risk+in my opinion we are not gonna break 30 level,but even if we do and my stops are gonna be taken out-I still think that this trade is worth it! GL!
Short position at 30,69 Target price 29,00 Stop loss 31,35 I think we might see a new bottom in this trend channel!