USOIL should continue its bearish drop, but be aware of the possible wave structures that could develop see previous analysis below like comment and follow :)
hi, this is looking ripe for a drop down
Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17. If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense. Next move after that would probably be to the upside, but it could keep going down depending on...
USOIL just impulsed from a large bear flag and appears to be forming a smaller bear flag continuation for a re-entry short position to go lower. Potential bounce areas are shown in ray lines. Position is confirmed with impulsive break from flag, set your order and tight stop loss right above the flag pattern. Position is invalided if pattern forms a downward...
My last call on Crude smashed the target well above 1,000 pips, at the moment it is almost testing its multi months channel top, however trend still is very much strong, i am looking for a linear compression to be forming at the top of the channel. Expecting a correction there so I could look for sell setups, keep eyes on this market for a possible sell swing...
Crude Oil - H4 - I see price at a strong supply zone and expecting a sharp drop from cmp 65.10 targets 60 and 56
ENTRY: 64.87// SL: 65.38// TP: 62.55 YOU CAN WAIT FOR THE SECOND SHOULDER TO BE COMPLETE BUT YOU'LL LOOSING PIPS. " HAPPY PROFIT MY FRIENDS "
US OIL* NYMEX:CL1! has formed the major bearish Wolfewave. RSI Divergence on Daily/H4/H1 along with consequently lowering volume may signify the upcoming trend change: With the SL slightly above the recent peak and potential TPs laying much lower, the risk/profit ratio makes this sell quite an attractive opportunity. Opened 6 lots at 49.81/49.91, SL 50.82....
oil Data is near We expected more Supply then demand and its can push oil price down. From current level 48.7 or after a jump toward 49.6 then a drop toward 46.5-47 Advice to sell in range of 48.7-49.6 sl above 50.3 TP 47
The support of USOil is very poor and this can be a very good opportunity to go short on USOil until it finds it's next bottom. Always trade on your own analysis and risk manage properly. All the best!
USOil has broken it's support and is currently in a bearish trend. The loss may possibly continue further down until a strong support establish itself. This is only an idea and as always invest after your own analysis as well as money manage properly! Happy Trading!
Hi traders! I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right. USOIL SHORT ENTRY : 49.145 SL : 49.94 TP : 47.25 &...
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...
TVC:USOIL