Hello everyone, WTI is one of the most exciting markets in 2018, I think. There were some trades with good profits, and now we have the chance to catch the final uptrend to 80$+, maybe 90$+. If my count is right, WTI is completing a wave 4 of higher wave degree (purple in brackets), as described in my last analysis (please check link below). A turnaround now...
The 1W Channel Up that bullish investors expected to contain the downtrend above 65.60 was violently crossed to the downside (STOCHRSI = 0.000, Williams = -97.427) with Highs/Lows and B/BP turning negative (-4.3279 and -9.4580 respectively). Only 1M supports now but this is within 58.20 - 60.20. We expect that the 1D Channel Down (RSI = 25.770, MACD = -1.970),...
This pattern displays on 1M (monthly) terms how the 2008 crash on oil prices can be related to the 2014/ 2015 crash. Similarities: - Both crashes resulted in around -77% losses in value. - Both recovered around 0.618 on the Fibonacci scale. Differences: - The 2014/2015 crash was more than 3 times longer than the 2008 crash (and may possibly affect the width of...
Supply side of the market is quite strong. Both red lines are critical levels of WTI and price may either bounce from the trendline or dips towards 48$. We don't know anything yet so too soon to talk about. But watching it quite closely.
The 1W Channel Up priced its Higher Low last week and WTI already issued a three session rebound. If today's candle ends green, then the 1D Channel Down (RSI = 37.367, Highs/Lows = -0.9657) should get cancelled and test the previous Lower Low at 68.50. 4H is already on an emerging Channel Up (Highs/Lows = 0.0543). TP still 73.45 and 77.60 in extension.
Watching 2 Daily DZ first 54 - 54.50 and 2nd Daily DZ between 51 -52.60 Both these level best to enter long on WTI
The 1M (monthly) Channel Up (RSI = 58.935, MACD = 5.090, Highs/Lows = 2.1957, B/BP = 13.9500) made its Higher Low last week and should now technically begin a slow increase on a weekly basis first towards 72.30 and then 75.00. Our ultimate target remains a Higher High at 77.60, holding also positions for the short term with a TP = 73.45. There is one possibility...
WTI – 4H Chart • Possible bearish pattern, with a probability of a Flat Formation in Minuette (iv) (black), which could lead towards a bearish impulse in Minuette (v) (black).
Hi, In 23 minutes, we will have report about Oil stock. Chart is telling us that price should rise. Level 70.50 become strong support. We have two brown swing look like we should have third rising swing in order to create matrix. I am ready to trade. Are you? Good Luck, Jim
The 1D Channel Up broke to the downside (Highs/Lows = -1.2329, B/BP = -1.8920) but managed to find enough support (RSI = 47.344, MACD = 0.570) for the moment near 70.50, which has high importance as a mark. First, it is the Higher Low supporting trend-line on 1D and second the 0.500 Fibonacci level. Our long term TP for USOIL remains 77.60, additional long taken...
The 1D Channel Up (RSI = 60.149, MACD = 1.470, B/BP = 0.7520) has pulled back to price a Higher Low near 73.00 and is now on optimal levels (Highs/Lows = 0) to start recovering. Fundamentally we cannot dismiss sideways trading until Thursday's Inventories, but technically the current level should hold and provide a bullish reversal. If it doesn't then the 70.35 -...
Price stalled at the 77 mark. We are now seeing the key 2hr trend line being test There are two key take profits for this trade The beginning of a head and shoulders can be seen which should add to the selling pressure
Directional Bias: Short Price Target: 72.00 Good Entry: 74.8-75 area or Breakdown of 74.00 Risk/Reward: 50 ticks Risk Max/ 200 tick Reward
TP = 72.86 hit as the 4H Channel Up (RSI = 69.155, MACD = 0.640, Highs/Lows = 0.5343, B/BP = 0.9780) made a 73.70 Higher High. We are now on crossroads for 4H and 1D as the two Channel Up patterns face a bullish break out potential. The 1D Channel Up (RSI = 67.240, Highs/Lows = 1.5321) is on a very steady bullish pace but currently limited to a 74.30 Higher High....
WTI can touch 80.03(resistance), the recent support is 67.45 and tp can be 80.03 because of GANN . We are waiting for see what happen @future.
TP = 71.88 hit as the 4H Channel Up (RSI = 70.292, Highs/Lows = 0.9429) aggressively moved to a new 72.30 Higher High. On a 1D basis, the Higher Low trend-line supports (black bold line) and 70.35 has to be tested as the new support. 1D remains on excellent bullish levels (RSI = 64.802, MACD = 0.810, B/BP = 3.1440) and the next TP = 72.86 should be accomplished...