WTICOUSD long waiting for entry. A corrective phase has begun. I suppose the exchange rate could hit 49usd again. Creating this level (technically creating a double bottom formation), I look forward to turning north. The exchange rate is currently 1: 1 for fractal copying. The target price for the ascending wave sequence is 57.68usd
Hi there. Wait for the price to hit the lower trendline and watch strong price action for buy.
ANALYSIS ON WTICOUSD Welcome to my analysis - 1HR CHart - Interesting Point of interest In the West Texas Oil. - Price below 200 day EMA. - look for sell signals. - Watch top for sell. - Watch line for break out to the downside. - MACD showing bearish divergence Stay Tuned
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
WTICOUSD long waiting for entry. The analysis shows two fractals. If we look at the first fractal. You can see how the wave sequences are doubled within the fractal. We expect similar laws in the second fractal. But complicate it. The structure of the second fractal wave is basically larger than that of the first fractal. This is because the distance between the...
Been watching oil closely this days, so won't be surprised if oil reaches 80 or 42.....
Crude oil may rise in trade wars between the US and China with the prospect of an optimistic treaty. I think both sides will sign the treaties. Although it has provided opportunities for very lucrative trade since the beginning of December, prices can be expected to climb to higher levels. However, short positions may increase after 64.5 - 65 Even in Overbought...
I've recreated an oil wave count chart using some other aides and guides. Hopefully it helps some of you out there. I'll be breaking it down into the daily chart as well. Note that we're not heading into reversal yet, as the candle combo has not yet appeared. This analysis has helped me define my counts and our overall trend directions. youtu.be
Wti crude oil - my trading plan
WTI rose to levels not seen since September 17 yesterday as weekly stockpiles data showed a reduction in reserves. Monthly Crude oil has climbed over 9% in December and is showing upward momentum. Ultimately, the market looks as if it is trying to close through the resistance barrier that extends to the $62.50 level, so it’s likely that we will continue to see...
I suppose a fractal repetition can develop. The figure shows that in both cases the rise begins with an upward eruption from a descending channel. This is the scenario I am expecting right now. Therefore, in the coming time I will be looking for long positions in the oil price.
Oil posted its biggest percentage decline in nearly 2 months after reports indicated Russia is unlikely to lower production at the upcoming OPEC meeting. WTI dropped towards its 7-week support trend line, but after that rebounded from $ 55.00 and 200-day SMA on H4 chart. Earlier on Wednesday, the EIA reported that overall Crude stocks rose 1.4 Mb, about in line...
ANALYSIS ON West Texas Oil Welcome to my analysis - 2HR CHart - Interesting Point of interest In the West Texas Oil pair. - Price above 200 day EMA. - look for buy signals. - Expecting some minor downward movement. - Watch 59.00 for take profit. - MACD showing bullish divergence Stay Tuned
USOIL Approaching Resistance (11.6)
The Canadian pairs are looking really bullish so I am wondering if oil is ready to do something?