Cleaned it up a bit tells the story more clearly. Also possible beginning of bullish divergence on rsi and buy AH 3/7/18 crude was in oversold territory imho
The big picture shows continued bullish momentum, despite forming a clear H&S over last few sessions. The lynch pin in this whole situation was the inability to break MY neckline. Although crude does seem to be exhausted I think it had to take the beating today in order to make a run and have a chance at a breakout above 67. I would personally recommend a fairly...
Chart Resistance Intact Mar 4. 50% Fibonacci, mid quad on monthly. $USOIL $WTI $CL_F #OIL #OOTT $USO $UWT $DWT
It would appear that the intermediate term trend is going through an ABC correction. Supply Zone exists in the $53.50-$57 range Long Term Price Support exists at $54 50% Fibonacci retracement exists at $54 Measured Move exists at $55 Channel Resistance exists at $62 Long(er) Term Price Resistance exists at $63 Short Term trend bearish I'll go long when I...
Revising my $69-70 target down to $65-66. My Original idea from July 17 - was Crude would reach 69-70 by late Spring early Summer.
After an impressive run in oil, it looks like its time to consolidate. i think the mid 56's look like a nice place to put the next bottom in. should be a nice trade with dwt
long from $56.26 scalp, stop loss $55.82 target $58
Oil Weekly Chart - 200 MA test continues with Stochastic RSI very high MACD and SQZMOM have room. $USOIL $WTI $CL_F #OOTT #OIL $USO $UWT $DWT
Oil chart - Oil above key TL test to start week. Conventional indicator considerations (see notes on chart). $USOIL $WTI $CL_F #OOTT #OIL $USO $UWT $DWT 600 PM Dec 3, 2017
Oil chart - conventional indicator considerations (see detailed notes on Trading View chart). $USOIL $WTI $CL_F #OOTT #OIL $USO $UWT $DWT 918 PM Nov 19, 2017 I originally produced this chart months back before oil was in this area of trade (the trendlines and channel - in advance). Per my last update on Nov 12, all the trend lines have now played out as did the...
I'm a buyer above top level resistances. C is optional for gamblers
See previous post (link below). Would not be surprised to see some correction soon.
Massive money making opportunity in oil, inverse H/S looking to potentially breakout... Buy anything over 50.40 w/ next resistance is at upper 50's I'm day trading/ staying short looking for 49.38 before moving in to a long position.
New to trading oil but took my profit today, will buy back if do not double top.
W: Hidden Bearish Divergence ended, near break-out of RSI trend line, RSI > 50 , MAs are close too, price just about to cross up MAs D: price over MAs, RSI and MAs > 50 .764 fibo as next target caution: API Weekly Crude Oil Stock today