USDWTI
Oil pushed up flawlessly to our mapped our resistance. It is looking like a really good short and I am tempted, but oil hasn’t been moving normal recently so Im going to be extra patent with it and sit on my hands a bit longer.
Happy Black Friday oil traders! I hope everyone had a wonderful Thanksgiving! I deleted all of my other channel lines to take a fresh look at what oil has been doing and what to possibly expect for December. I am assuming the US Stock Market is going to boom today because of Black Friday, but I am not sure oil will follow. President Trump is now pushing China on...
Hello oil traders and Happy Friday! I have been watching things for a while and this has been a crazy month. I predicted we were going to be in consolidation until about November and we pretty much were only breaking out due to the Saudi oil refinery attack. Since November 4th we have been trading sideways and I believe we are building a new resistance around...
Happy Thursday Oil Traders! A very interesting day on the 15 minute chart. We started off with an Engulfing Candle that encompassed the previous 6 candles followed with a down candle, and price fell significantly. Then we had a weak Inside Bar followed by a small up candle and price rose slightly. Now we have a new Inside Bar with a small up candle. This time it...
Hello oil traders! I went back and looked at oil from multiple charts and settled on this daily chart to submit my suggestion. The light red consolidating channel is my original channel. The light blue is the one I added and readjusted a while back in August to show what looked like a new trend. Then the attack on the Saudi oil refinery happened, the market...
In the name of Allah, the Most Gracious, the Most Merciful.
we are doing Analysis of USOIL in 4 hrs time frame as you can see on the chart market is following Ascending
channel pattern market has tested the Resistance line more chances is to market will follow our structure
which I have drawn on the chart.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT...
Looking for a retracement before it goes up more.
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US OIL
After tapping previously anticipated level of resistance we started going sideway. Not much movement at all. I have said it multiple times, gold and oil move very violently and require even more patience. You really need to be certain in your analysis. So sitting on my hands for the time being.
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