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I think we have decent odds for a bottom in oil here, after some talks about big players indulging in naked put selling surfaced, banks that -violating regulations- sold put options without any kind of coverage. It could have been that the market was being pushed down to margin call the traders behind these leveraged long positions in oil.
Natural gas has surged ...
Intraday target: $54.30
Current crude oil price may retrace to as high as 58.8, then a possible new drop to as low as 53.5.
Then a big correction may followed to trade higher above $60/bbl.
LONG TERM EVENTUAL TARGET MAY BE TO AS LOW AS $20/bbl.
ONLY SUSTAIN TRADING ABOVE $80/bbl negate this scenario!
Here we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the ...
CL did not break 0.38 long term fib today and failed.
Expecting $52 or $49 for real bounce to $58-60 then down to final bottom.
I don't trade #usoil but this is an interesting chart that #forex traders should look from time to time in order to do a good technical analysis. In this case, for example, #usoil could be tied to your trades with CAD and MEX currencies.
Interesting and very noticeable are the two reversal signals, RSI clearly oversold and the #candlestick 'reverse hammer' ...
USOIL looks like it wants to get a breath after going through a heavy selloff mode for more than 10 days in a row. Another note worthy fact is that it has now seen a 61.80% reaction on its longterm bull run from June 2017. Looking at the lower timeframes and moving averages, we are some 50 ticks away from the 4H 20EMA (last 3.33 days exponential average price), ...
Technical Analysis and Outlook
Crude oil has been yet another significant discussion subject on Tuesday following its $4 tumble ensuing in a 6% fall. Prices continue posting their multi-stage decent. On Tuesday, Nov 13, a barrel of US oil hit our Oil Dip $56 and Mean Support $55 projection, As a result, 'Black Gold' is presently trading at the levels it reached ...
Technicals are looking great to buy here, bottom trendline + RSI oversold area + MACD in ATL area.
Oil's price is back near the bottom of a monthly channel following a false breakout.
48-52$ will be tested as potential support if Oil's price will continue a bit lower.
After a 10 straight drops, oil finally at support based on my indicator. As long as the support holds, long oil.
50 EMA crossed over 600 EMA and is in very fine falling position. Price pulled back to Tenkan line and will keep dropping.
Trade trends after 50 EMA (it has to be in declining or rising position). Enter trades upon pullbacks to Ichimoku´s Tenkan line. Trend ends when you will observe divergence in long term RSI (70-100) - when RSI unlike price will fail to make ...
Oil trend is sharply lower - but a sentiment extreme after 7% daily drop and confluence of support at $55 is bullish
The UAE Energy Minister Suhail al-Mazrouei: there is a risk of build up in oil inventories in 2019 but remain confident that OPEC+ will act to prevent inventory buildup next year consensus building.
• Confident OPEC+, including Russia ready to support a decision in Dec. to balance the oil market.
• OPEC will do what is needed to keep the market stable.
After a prolonged bearish sell down, this counter might be overdue for a rebound, which we might see this week.
There is strong support at the $60 level, and prices have deviated very far from the 20-EMA, which is a sign of it being oversold.
The overall trend is still bearish, and if it does rebound, I would expect the sellers to step back in at around $64 to ...
For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are ...
Already in long for a rebound.