USOIL (WTI Crude Oil) SHOST SETUP IDEA Entry: $50.94 Stop Loss: $51.82 TP & RR: $48.39 (2.9) REASONS FOR THE TRADE So far Oil has respected the channel fairly well and I am expecting at least some pullback (best case scenario reaching the lower trendline). The Stop Loss is set at a good distance, so generally speaking, a small fakeout shouldn't trigger it....
spotted exhaustion 3drive , potential short-term sell i would say.
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights is expected. Price is above...
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is...
Midterm forecast: 43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 34.60 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 65 is not broken, the probability of price increase would...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 34.60 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 65 is not broken, the probability of price increase would...
WTI is showing me excellent shorting signs right now... and based on the video analysis I am sharing with you here, it might just all go to plan! Our complete system agrees there is a higher porbability of down-side than upside! (Some profit taking could occur)
Midterm forecast: 39.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 39.70 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 39.50 on 11/05/2020, so more losses to...
Midterm forecast: 39.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 39.70 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 39.50 on 11/05/2020, so more losses to...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 36.30 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI bounced from the downtrend #1 and it prevented price from more gains. A peak is...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 36.30 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI bounced from the downtrend #1 and it prevented price from more gains. A peak is...
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 36.30 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI bounced from the downtrend #1 and it prevented price from more gains. A peak is...