45.30 is MA50, this level is important because breakout can bring the price near 46$. We must keep in minf 44.90 is the support, breakout of the support could be rail at 41.90. Good trading.
As mentioned before 45.40 is very strong point for this trend. Take a buy position among 45.40-45-80 and wait 46.20
Short to minimum TP: 47.86 after long then shor again, minimum TP 1: 44.22 THIS IS MY OPINION
As expected the breakout of 45.50 was strong long. Now we are in dangerous zone because just 1$ for 47$ and could be retracement, (47.89 is the trendline limit). Today a good chance to trading is zone 45.50 again for long position because river and ichimoku supports are at this price. Before of this price, there are others support: 45.70 (Moving Average 30), and...
If you follow my posts about oil market, you will be amazed how correctly I have predicted this market for a while now. Every move turned out exactly as I was showing you guys at earlier posts. Now it is time again to take a look at this market and try to see what is going to happen next. So I have been long this market since $30/barrel. I tried to buy every dip,...
Take glance at my chart and state your position.In addition,I already stated my position as investors can see. Good Luck,All the best
Now we are at resistence test of daily time frame, the bottom of the river could be resistence. and reasonable target could be 41.90 if break the support at 44.60. Anyway breakout of 45.50 could be rail long very strong at 47$. So pay attention.
Still waiting for a wave C correction upwards. Idea will stay valid as long as 41.80 holds.
Long / Short entries - supports, resistances, median lines and a new trendline for the new range.
Long to minimum 49.15 maybe 50.34 This is my opinion!
The WTI is located in a very busy area for trends, and that previous and current conditions a little freedom of movement. The current pattern augurs not fallen but before relevant, G20 and more data in the coming weeks anything is possible. Only serves the technical analysis, thankfully. www.fxstreet.com www.fxstreet.com
The last covering was failed so I have tried to cover at 43.20 The recovery of trend to be long must break 44.70 area. If this not happen I increase my short position.
Price over 50 USD for 2016 is impossible for now.
So, now the cover for short position can be tried on mm30 at 44.34 and 42.43 as the crossing of mm144 and mm288.
Not sure but this scheme (if confirmed near 48.5 USD) is very bullish. First target near 2016-09-14 will be 52 USD.
WTI short next day but long in the next week waiting meeting OPEC. Look comment on graphs.