In the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price. USO USO...
USOIL is in lower support zone. Although structure is following the trend nicely, will have to see if it break the support trend line. Trade with care Thanks!
Crude Oil moved higher last week but appears to be hesitating at current prices, just under 48.80 near-term resistance. There was a lot of selling preceding this recent upside reversal and plenty of resistance coming in overhead, so we wouldn’t be surprised to see price rotate lower in the coming days and weeks. We are looking for price action sell signals in the...
Ascending triangular correction pattern. Entrance - from above, hence next move - down. SL 48.5 TP 42 48.4-48.5 strong resistance level on daily chart.
We had a sell signal from the system, so we know the general direction of the pair, and now we are facing a pullback after breaking support, will sell after the pullback is over.
USOIL for the next week, strong cross on conversion line (blue line), great US Data, MACD possible turn around, all in all OIL is entering a bullish trend.
Hey Guys, Simple Idea. Either one more up and then Breakout, or directly breakout from the actual point. - Idea simple. O realiza uno más arriba para caer abajo o rompe directamente desde donde está. Carlos
Cl is at its extreme within this upsloping median set and has made a higher low after reaching the pendulum median line. This offers a very nice long opportunity with a relatively cheap stop. Target 1: Coil (red box) Target 2: Expansion topside as projected by expansion downside from the coil. Target 3: Upper MLH
Description Inside
TVC:USOIL
Pair Direction Time frame Entry Price Reason Stop Loss TP-1 TP-2 USOIL Sell Limit 4H 53.3 Fibo-0.768,Pressure Level 53.80 51.80 50.10 USOIL Sell Limit 4H 53.8 Fibo-0.768,Pressure Level 54.40 51.80 50.10 USOIL Sell Stop 4H 52.7 Break Support...
At the moment, the level of $54- 55 plays the role of strong resistance. If the level breaks $ 55, then Crude oil can gather in the $ 63 zone.
UKoil 240min, clone-idea, short-setup before a new bottom $49ish ALT.1 (or ALT.2 $47ish). I will provide charts in smaller TF, for a possible up, move C > D, before turn down, move D > E. Just now, it's some BULL DVG, in all 3 indicators....
Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
below 46.38 would negate the 50 with next target at 44. On the other hand if the 2.24 extension holds, watch 51 handle. A bullish cypher clocks in at 32 if the .618 retracement doesn't hold. In other words, 46.38-51.00 is the range Im monitoring