I'm expecting Oil will falling till 39 - 38.80 which is the 4th support in 30 days. It's because of the fundamentals, 1. OPEC countries try to cut output, but US selling there inventories. 2. US Oil inventories data comes negative. 3. US drills new rigs, so new inventories to sell because they want to collect 16 billion doller from Oil selling. 4. Mexico...
Our preference: sales position below 46.28 with targets at 45.65 & 45.25 in extension. Alternative scenario: exceeding 46.28, aiming for a continuation of the increase with 46.80 & 47.57 in line of sight. Comment: The RSI is mixed and calls for caution.
what a pity .here can not use chinese.In July 2015. Crude oil has reached Andrew fork Central Line position. Rebound. But is very small. In this position again to start a sell-off. Are you ready
Excellent Crude Oil Short Opportunity. Trail your stops if in profit.
although API Weekly Crude Oil Stock is coming up today and tomorrow we have EIA Crude Oil Stock change, WTI seems to be setting up for a short in a few days... fundamentals like inventories, rigs and any announcements from OPEC members might change it
Little bit LONG to TP:53.45 after a big SHORT to TP:48.62 THIS IS MY OPINION!!
WTI failed to break out of the green band and chased the highs of the band. However, This could be a complex correction followed by a pretty sharp dip to breach $50.76 thus opening up more future downside. If we fail to sell-off below $55.15, expect much more upside.
Commercial hedging short interest is at multi-year highs - back to where it was in summer 2014 when oil topped at around $100. Hedgers are locking in current prices as they believe they are extremely attractive in the medium term. Speculative positions are also at multi-year highs - making oil prices prone to a downside squeeze. WTI may have set in a near-term...
Super Short Opportunity in Crude Oil
Short Opportunity in Crude Oil. Good Risk Reward. Buy as high as possible
RSI trending down, it has yet to be reflected in the price. I doubled down on my short friday when the price peaked, and the OPEC meeting hasn't change my mind. IMO the OPEC news was already priced in with oils run to $55, and until I see some solid statistics from OPEC and not just a bunch of words, my mind isn't changing.
hi guys, two potential bearish patterns near structure resistance back from December 2014. watch price action in the PRZ and trae with care.
Market has not closed above a 17 month high. Seems a good time to go short. Good loss to win ratio Stop loss- 53.50 First target- 48.20 Second target- 44.06 Happy Trading :)