USOIL short now and wait for breakout
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
BUY AND STOPLOSS RIGHT NOW ! sl: 51.00 This is my last quick forecast. More I will not vandalize this year :))) Only big time frames
Wanna show more detailed chart related to previous one with oil
SELL THIS!!! It's a goal right now! Entry line and lower short it! the red is our stop loss, the pink lines are the targets! :)
Media driven pricing can not hold, right? Chart tell me to look for shorts. Possible target 47.00's
The big picture is still looking pretty bullish Based on daily charts , an outbreak above 54 is only a question of time - this month or even january`17 ... But the short term makes me afraid last 24 hours and even suggests me price pressure even unbtil 48 USD ?! How ever the short-tmer chart is pretty bearish even under 52.500 BCOUSD Why ??? Let me shortly...
Between 54.015 & 53.800 and between 53.800 & 50.800 the big picture is still bullish ... Start of last week we got a good news from the OPEC - as the price rocked Up (from 53.130 until 55.501). Suitable in this context is maybe the technical fact, that while the 2nd half of the week, traders traded BCOUSD in a trend-reversal-formation (something like a w wave)....
now it is going to be my pleasure to explain to you trading for oil
Dollar strength is here to stay. Fiscal stimulus, rate hikes, $10 trillion off-shore dollar debt, rising US yields, DXY breaking out of a multi-year consolidation zone. The attached chart shows a strong INVERSE correlation between DXY and oil. As the dollar strengthens, the oil price soon follows. At present, there is a MASSIVE divergence between the oil...
Details on chart. I have a long opened at 50.68, stop at entry. TP1: 51.29, and will probably short from there if it gets that far.