USDWTI Oil is looking really good. I believe is support holds we could see a nice push to the upside very soon, that being said overall I feel we are going to roll over to the downside so be very cautious. Ive mentioned many times when trading gold and oil you have to respect them both and always exercise proper risk management.
Oil is playing out flawlessly. As anticipated in my previous post oil has continued to push to the upside. Now I would like to see some strong rejections. As you can see in the last post I was waiting for it to push up higher before taking a short entry. It definitely looks very good, but I am going to be extra patient. I always say with trading gold and oil...
USDWTI I feel US oil is about to push to the downside. Waiting for a push to the upside first to secure a good short entry.
US OIL Still not liking how Oil is looking. Still going sideway. Lots of indecision in the market. I am favoring more downside movement down to 57.00 but for the time being I am going to stay away for oil and gold.
Extremely bearish close for Oil. It seems next week is playing out to be a very good week! Oil has been choppy recently so I have been extra cautious.
It appears WTI crude oil may be finishing the formation of a bull flag on the daily chart, and that today's low, after a 7%+ decline in the spot price (due to Trump's announcement of 10% tariffs on Chinese products), may have been the bottom of the formation. Developing... Thoughts? Would love to hear what you think and where you see oil prices headed.
This weekly USDWTI crude oil study utilizes LSMA (least squares moving averages) to highlight a major convergence of resistance.
o seems like the past to least resistance is the down side o Observe price action and see where is the possible reversal set up o Bulls are trying to push, but this trend about to bust o it's good to wait till price hit back to 59.50ish area and look for a set up or break below 58.56 to go short o #the1%
I'm not feeling that much confident with this trade that's why I'm planning to risk only 1% of my account. I'm going to trade WTI in CFD. I will then add more lots if i see price goes in my direction. The problem is; USDWTI closed the final bar below my support Disclaimer: Not a financial advice. Trade safe Atilla
USDWTI is inside trailing an upward channel approaching a previous high at 57.60. Price can go for a breakout resistance level at 57.60 or pullback to 55.34 before it continue the uptrend. I prefer to see a pullback before riding the trend again. Bullish Scenario, with target at 60 Bearish Scenario, with target at 55.5 Disclaimer: This technical analysis is...
WTI USOIL Level of reversal 56.10~5710 Wainting signal...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-8 Hrs Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break and hold above the 52.80, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Days Actions on - A – Activating Event Commodity consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 53.10, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @ 55.40 FX_IDC:USDWTI...
The job-market report issued by the Bureau of Labor Statistics was very strong. 312K new jobs created instead of a forecasted 177K, Blacks entering the job market as unemployed. This is good because they are no longer outside the job market. Next step is that they will be employed. There were other positive points as well, but you get the point. S&P 500...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - 2 daily Timeframe - 1 - 2 Months Actions on - A – Activating Event Commodity finds Support @ current levels . Commodity to move towards the @60 level, B – Beliefs Crude Oil needs to consolidate before I look at going long. I will stay on the sidelines until then. Will keep u posted :) FX_IDC:USDWTI...