Check last analysis on brent in 'Related Ideas'. UKOIL makes some "erratic" movements and I would be clueless if I couldn't identify wave structures. If you appreciate it, please click 'LIKE' buttom. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private...
UKOIL may reverse the major downtrend for some correction to the upside (at least to between $40 and $42 as initial target). Happy new year! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL . Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
We are in Bullish AB=CD since point D in blue 45.87$ with ratio of 1.13 could short until point D in green at 39.08$ with maximum ratio of 2.618 but actual probability is low because we are having support with pitchfork as seen on chart
We may be seeing the resume of a fifth wave of a fifth wave. The hint is the structure (blue arrow) serving as resistance. For those who are not familiarized with the wave theory: a big movement (up or down) consists in five waves. For each wave is expected some behaviour accordingly, giving us an edge and possibilty to forecast within realistic...
Pay attention to price-action for change of structures (breakouts) to validate your trade. Happy trading! ___________________________ DO YOU WANT TO trade accordingly to this analysis? Contact me via private message, email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Price has tested H4 15ema. Take short entry when price breaks out 48.17 with small stop loss on H1 level.
Good morning traders, UKOIL (Brent) bounced at 0.764 Fibo retracement and holding above 200 MA. I favour bullish bias for a retest of 54 level , with SL below support zone 49.2 . You can subscribe to my mailing list for FX Alerts : eepurl.com Regards Josep Pocalles
Key reasons for taking a position: Triple RSI divergence, with lower low price made for every higher highs in RSI Velocity of the crash is getting steeper by the day! 77 degrees Price is close to the 2003 support lows. Take your time in building a position gradually over time, as I'd still want to wait for the final indication to go all-in for a...
This is a time where all fundamentals about the oversupply of oil, glut, and worsening global economy should be ignored. It is simply so oversold that it in the near term it will vastly outperform most other assets. There's simply a limit to how low it can get before it bottoms. No, WTI (USOIL) isn't going to $20 in the near term yet. I do see a possibility of...
Good morning all, We may have a pleasure to observe a good quality leading diagonal in USOIL, which is a relatively rare pattern. Leading diagonals appear in wave 1 or wave A position in impulses or corrective stuctures, and consist of 5 overlapping waves all of the waves being zigzags (sometimes waves 1-3-5 are impulses). Leading diagonals are usually deeply...
Entry area between 47.45 (minor support) and 50.40 (Cypher Point D) Stops @ 43.60, below X Point. There is not much structured support below X unless you go really far back and the risk becomes too great, therefore $1.57 below X should be a decent, not-too-tight, stop. Targets @ 57.73, 38.2 of CD Falling to Point D would mean a break of the long-term bearish...
Dont see much upside in the fundamentals, the only worry is that everything including the longterm is already counted in. Im really concerned of the spread of ISIS which might influence my view. I think news will decide direction, short or sideways with bias to the medium term trend which is bearish.
UPDATE: Closed at 61.50 EDIT -- ZOOM OUT TO SEE FLAG, take no notice of the Harmonic Pattern This is a clear bearish flag, no doubt about it. Been rebounding in the channel since the start of Jan2015. A break of the lower part of the channel could signal a further fall continuation to previous Supports/Resistances of 54.58, 52.17 and more severely, the Jan...
4hr trend seems to be showing signs of new upside momentum along with formation of good demand zones on lower timeframes. 6407 seems like a good entry to go long - with supply (several retests already) at 6565 - may offer good decent reward/risk. Large impulse seemed to be reaction to demand at 6270