In this video, u will learn where u can open accurate entry OIL . Write in the comments all your questions and instruments analysis of which you want to see. Friends push the like button if you like the idea - that would be the best THANK YOU. Thank you for your support, I Love it.
After a dramatic and historic day for Oil came to a close, the price reached $27.40 on Monday, making contact at the same time with the long term upper Lower Low trend line of the multi year Channel Down on the 1M chart (RSI = 33.568, MACD = -2.190, ADX = 13.260, Highs/Lows = -17.0871). That was the first time we entered this zone since February 2016 and the...
If the oil would drop through the blue line, I start to believe that 10 dollars per barrel is coming next.Fractals in oil. What would happen in the world to send oil to 10 dollars? ..the commodity controlled by three men only... Black gold. :) Anyway, not looking good for oil... Do not take it too seriously, but consider it. Have fun, trade with smile folks.
Oil is replicating the rebound sequence earlier in February. So far the 1H MA200 (orange trend line) is applying selling pressure and once the 1H MA50 (which is acting as a Support) breaks, we will most likely get a pull back on the Higher Low of the emerging 4H Channel Up (RSI = 47.327, ADX = 39.738). We will be buying this pull back and target 48.60. ** If...
Oil prices found support on the basis of the long-term bullish fork. You can see how the price has always moved within the fork in recent years, recognizing supports and resistances several times. The Fed will most likely cut rates short and multiple times in the course of 2020. The first to benefit from this will be the weakening dollar. The oil price will rise...
Oil has seen a sharp sell-off this week as the coronavirus threat is escalating. The price broke the weekly support levels and the 42.20 Support from the August 2016 low is the last monthly level standing. This level is conveniently place exactly on the Higher Low trend line of the 1M Channel Up (RSI = 41.589, MACD = -0.200, ADX = 9.410) that started in 2015. In...
The pattern is a Channel Down since the April 2019 66.60 top. However with the price rejected on the 54.60 Resistance and pulling back to the 49 region the very bearish fractal of 21 Nov - 14 Dec 2018 comes to my mind. See how both then and now the price traded within the 54.60 Resistance and 49.30 Support. As a result buyers must defend the Lower Low zone of the...
Sell USOIL - Follow the arrow What is the process for selling USOIL? Well, the simplest answer is, you are a broker and you will buy from a company that has oil for sale. Your job is to help the buyers find their buyers, then help them close the deal. Buying oil from a company that is selling isn't easy. Companies want to sell their oil, but they don't want to...
PAIR IN FOCUS: WTI (US OIL) PLAN: LONG ENTRY: 53.53 STOP LOSS: 53.20 TP 1: 53.83 (30 PIPS) TP 2: 54.22 (69 PIPS) TP 3: 54.77 (124 PIPS) REMEMBER TO MANAGE YOUR RISK!
In the past month and a half, WTI lost 16usd of its value( more than 25%) dropping from 66 to 50 area. At this point, WTI found support and formed a double bottom with the neckline just around 52. After a break of the neckline and a rise to 54, oil dropped again and is trading now just in support (previous neckline resistance). A reversal from this point would...
Oil has finally entered a consistent uptrend on the 4H chart, practically being within a Channel Up since the Feb 04 bottom (RSI = 59.395, MACD = 0.500, ADX = 23.410, Highs/Lows = 0.0000). The MACD shows that it can be sustainable in the near future as the buy/ sell points seem quite obvious. It is also positive that the 4H MA50 (which was formerly a strong...
Pattern: Channel Up on 4H. Signal: Bullish as the pattern made a Higher Low and the price was supported on the 4H MA50. Target: 54.35 (Symmetrical Resistance). Recent long term outlook: