See a nice run too $59.17, then look for support @ $58.56 wait for pullback on the 5 or 15 minutes. First and second leg already created have fun!!!
Idea: WTI short to the next 4hr support area with possible further selling. Looking for downside to 53.52 DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade...
IDEA: Daily Pivot up, Trade Daily S1-R2... Buy the dip Technicals: Daily Average Pivot and the trade entry pivot are at the same point. Expecting this to cause strong support for the long move @ Daily S1 Pivot 49.036. Profit target set at Daily R2 Pivot 51.082. Looking for Fibonacci support on the way up to profit target. Fundamentals: North Korea fired another...
WTI has recently bounced long but in the previous sessions it is drifting without any strong directional confirmation. For the upside to continue I am expecting price to hold long above the 45.65-45.80 zone and also show increasing strength through 46.70-46.94 to confirm upward pressure. DISCLAIMER: This is where I practice ideas and work on my trading...
Crude Oil sold off today, falling .43 points and continuing to stay well under the 7 day moving average. And while the haDelta indicator last Tuesday gave a potential reversal signal (see the yellow circle?), there is no indication that the downward wave is finished. The bottom indicator is the Elliot Wave Oscillator. It, too, is showing strong downward...
west texas oil broke trend. looking to short it down to the support line
Price stopped at trend line forming a doji candlestick pattern. RSI is overselled. Probably is time to expect rebound.
WTI retests resistance second time.Go short whenever you have a valid confirmation,according to your own strategy