Pivot: 51.15 Most Likely Scenario: short positions below 51.15 with targets @ 49.80 & 49.40 in extension. Alternative scenario: above 51.15 look for further upside with 51.70 & 52.25 as targets. Comment: the RSI broke below a rising trend line. tradingsignalreviews.com
What crude does is a Pschometric test. Testing $50 per barrel done a strong pullback expecting consolidation to minor sell off in this zone could restest 48-48.25 levels
As all indicators show Oil for short just wait for this pin bar to close and confirm strong short position maybe targeted unsuspected low but be careful with ur stop up of 49.10 if the Meeting tomorrow positive maybe take the oil to new high record.
USOil is in a tight wedge and is giving indications of an imminent correction. A strong break of the 4 hr TL (Blue) and a bearish flag will indicate a shorting opportunity. I would wait for a similar indication below the first Daily trend line (Green). A safer trade for a longer ride down. A break of the second trend line and we could see a revisit to $30. That is...
Oil prices hit in to the resistance $50/barrel and the ability to adjust the threshold dropped back to $30/barrel. Price at $50/barrel and above area is strong resistance zone at the channel so the ability to reduce the return is very high after oil prices ran nonstop during the last few months. Basically the recovery of oil prices going up in recent years, the...
USOIL SHORT TREND TO COMPLETE H&S PRICE TARGET $38
FX:USOIL It can extend. Safe Trades; open.spotify.com
Oil will continue south throughout this week as USD strengthen