Buy it up for the correction as illustrated on the chart. Once that's done... sell it with stops above 42.00. There is no profit target for the sell trade, but if this set up plays out I will update with future analysis. Short term bearish (1-2 weeks) Long term bullish (6 months+)
Long for UWTI for next hours, expecting a retracement of 50% at least. Overall trend is bearish at a bigger TF, though.
Hello friends! Description is on the 4H chart. Best wishes!
Long term trade Nice continuation setup higher highs higher lows daily showing signs of bullish price action broken key level and signs of a push higher :) Many other reasons but keeping this one short
Please read all the commentary on the chart. Also please refer to my previous posts and "big picture" view of daily charts to understand the context of this aggressive sell possibility. Short term - Bearish (1-2 weeks) Medium term - Bullish (6 months+) Alternative aggressive buy - Buy Oil with a stop below 41.11 and a target of at least 41.85.
How the AVERAGE of SPY, QQQ, IWM &DIA and the AVERAGE of CL1! & NG1! have performed against one another.
WTI didn't violate the 2009 low and made a very bullish print. Not to mention the breakout of the falling wedge!
after the opening of trading is to wait for the pullback, and then open a short position stop-loss 41.27 The first is very likely target 37.5 and so the price can for 1-2 weeks to fall to 32 or lower
Daily analysis for WTI, price has currently stalled at 61.80% Fibonacci level.
The strong thrust in Oil has caught many traders off guard, that's the reality. Shorts have been punished in this rally. With that said, the close on Friday 18th however may show a possible reversal is about to take place. You'll see that price hit, pulled back and closed under a 2014 trendline. If the Bearish Shark doesn't play out next week (ideal targets marked...
Next crucial point on $USOIL seems to be ~43.2. nice oppurtunity with price falling .
Right now this is my analysis for USOIL This is based on my technical analysis of the chart. This is not definite but there is still some stuff left untested below.
Reasons for -Daily we have Had a nice up move now we have had a to a key level at 1.0000 -Also we have had 3 Dojis in a row -Showing obvious Rejection from our key area at 1.0000 -On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level -Also shown a rejection from 1.09500 which is in line with our Fib level and also a...
Overextended move on no fundamentals, not calling a top in but at least a small correction, either from the top or on a break down to a lower part of the channel
Long 9.66 -9.81 area. Tight stops if scalping. Rinse and repeat. Breach of 9.64 could be a ss trigger.
$WTI #crude in #AUD . Fractal target double bottom in late April
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...