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....
USOIL WTI Crude Oil looks bullish but short term bearish divergence can give you some quick profit. first target recent swing low.
Please hit like, share and follow for more ideas.
Vinny
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...
Hi,
Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside.
Look like we should experience price rising higher.
Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue.
Let’s...
Hi
I have become interesting with WTI Oil chart.
Similar situation you can observe on Bitcoin chart but on the opposite site of the chart.
According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing.
They become smaller...
para esta semana buscaremos largos , en el petroleo atravez de la zona de demanda 68,38 y 67,93 es nuestra de zona de soporte mas fuerte , si es rota buscaremos cortos , a la expectativa de un pullback , mientras el precio haga maximos mayores y se mantenga por encima del 68,75 estaremos largos , si lo rompe y lo testea , entonces haremos lo contrario y estaremos...
Oil is getting geared up to go with the volatile markets
$68 key psychological level
Break past $70
T1: $83
T2: $88
R/r =3/1
Stop loss 62$
__________________
A bull's case for oil by Goldman Sachs
USOIL broke the 70.60 1D Resistance last week, peaking at 71.40, restoring the long term bullish bias (ADX = 37.039). 1D eventually pulled back (RSI = 47.481) after this continuous rise since August 15th and found support near 66.60. The buying pressure on those levels is evident by the upward supporting line (black). 4H is now picking up the bullish pace (STOCH =...
The 70.43 High landmark was achieved as the 4H Channel Up (RSI = 61.205, MACD = 0.480) made a Higher High at 70.50. It is now seen trading sideways (Highs/Lows = 0.0000) on an early weekly trade whose early Inventory speculation will indicate what the market expects of the next report, hence the trend for Tuesday, (early) Wednesday. This doesn't affect our long...
USOIL has respected the Higher Low (64.40) on the 1W Channel Up (RSI = 1.630, MACD = 1.630, Highs/Lows = 0000, B/BP = 0.1240) and is following our long trading plan to the point. 1D has now even broken through the bullish zone again (Highs/Lows = 0.6793, B/BP = 1.5580, ADX = 30.382) breaking the previous Lower High (68.39) with a new Higher High = 69.30. The next...
On D1 we have Support line that is now Resistance line.
On H4/H1 we have a wedge. Wait for break and close of wedge before entering the market
Targets: 1) H4 level. 2) Daily level. 3) Monthly support level.
The price has retested the 64.40 suport making a strict Higher Low on the 1W Channel Up. Equally however, the 66.60 Resistance posed enough selling pressure to keep WTI still inside the 1D Channel Down (RSI = 39.602, MACD = -1.130, Highs/Lows = -0.7157, B/BP = -1.9240). The 1W Channel Up is now starting to narrow the potential downside limit to 65.00, which we...
63.66 has been a key support and resistance in the past, we are expecting a drop to this level and then a bounce, possibly breaking and re entering our trend areas as marked with red lines. TP and SL are reserved for our paying clients.
Previous analysis /position: Did not like divergences in buying volume/pressure. However volume profile showed too little resistance built up from here to $90 to make me change my plan. Maxed out my position when the green 2 traded above a green 1. Long from $68.09
Patterns: Pitchfork. Bull flag on the 1 hour chart.
Horizontal support and resistance: Attempting...
