Oil got positive signal from US restriction regulation to Iran yesterday, then with strong uptrend pattern and incentives, oil seems will challenge $66 level today.
Therefore, if u had follow the reversal horizon to long oil, keep position on hand and waiting the presentness when Euro market open.
Just beware of...
Oil reconfirm the consolidate area around 63.15~63.56 today which struggle in previous day and then rebounce to 64.40.
With strong upward momentum in the Euro market, therefore, US market may rise again to challenge the resistance and maintain $64 level.
So, try long to oil around at 63.85 or Reversal...
Oil had rise above 65 this Asia market and pullback when reach nearly close to $66 in Euro market.
Even though, oil got some pressure lately but it didn't break the uptrend situation, moreover, we can anticipate oil rising again when US market open.
So, I recommend long oil at reversal horizon or around 65.00,...
Oil rose hardly and maintain strong momentum to goal $65, however, it is not easy to break 65 level for first time.
As we can observe, oil try to challenge new high, which is around at resistance area close to $65. Euro market can't have enough power to conquer the pressure, but it still have chance in US market, so...
Oil strongly reached our daily target yesterday, moreover, uptrend of oil still going on and may challenge $64.
With hardly momentum and breakout of 62.41, I expect oil can maintain it energy to rise for the Fifth trading day.
62.41 is a relative price to keep uptrend alive, therefore, we should better long around...
Oil presented unexpectedly strong momentum to create new high, and it may challenge $63 in following days.
With no doubt, we should keep find opportunities to long oil, therefore, first place will be around at 61.51, which is US market pivot point.
Support:61.04 / 61.51 /
Resistance: 61.91 / 62.44
Oil close relative high position in the end of March, thus it is continuing strong for 3 months and may have wash-dish pattern in the beginning of April.
Although, $60 level is critical mental pivot point to market, so once oil can stand above 60.00 the uptrend will go challenge $61.
In daily trade, we should more...
Oil got triple confirmation at 58.28 for construct short-term bottom, however, 59.64 is relative resistance to oil and may cause retracement in US market.
Even though oil is near the resistance level, oil still have strong momentum to challenge $60.
In this situation, I recommend long at 59.33 when oil retrace with...
SOIL is approaching our first resistance at 59.96 where we might see a corresponding drop to our first support at 51.08.
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher.
This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you...
Obviously, oil maintain strong uptrend and retest the support area yesterday.
Without doubt, we should better hold long position and target at least 59.34, however, if u didnt long oil, reversal horizon may be a chance to do it, which around chart time 06:00~07:00.
Otherwise, $58 is relative critical pivot for...
Oil finally breakout the consolidation interval yesterday, then it may be target at least to 59.34~59.70.
Therefore, long oil with no doubt, but find the great price to get in.
If oil still above 58.24 after Euro market open, which is 09:00, then its will be a signal to long it directly.
In other side, if Euro...
Oil rise hardly V pattern to recover the losses last week, then even break the downward channel.
Therefore, it may give mkt confidence of long position, even though oil present strong uptrend, we should more care about oil stand above 57.00 and test 3/5 high 57.18 in Asia time. In this scenario, oil probably will...