The graphs of CRUDE OIL (WTI) and BRENT OIL are very similar. However, I want to show a separate scenario for CRUDE OIL (WTI Scenario for BRENT is BELOW ____________________________ Guys, please hit the like button, and write any comment, this will be the best thanks from your side. !!! Please, dont forget, the content on this analysis is provided for the...
Oil markets yesterday have experienced what is considered a technical correction, creating much expectation about a further recovery. However, it would be hard to claim that it is objectively true. Still, the market needs to deal with the Covid-19 and the disintegration of the OPEC+ alliance. The market remains under sellers pressure, where investor and traders...
Friends, please before reading, support this idea with your Like and any Comment, thanks. You can sell WTI from 55-56 Stop-loss at 57 You will find more trading ideas in SAV Finance community.
Short WTI Below-61.90$ Stoploss- 63.10$ Target1 - 61.22$ Target2-60.10
SL got triggered right there! Maybe not too late, tho...
The latest analysis was made a little unclear :-) There are three scenarios for the daily and four hour periods. But each of them implies a reduction in oil prices in the near future. I am interested in making money next month, and oil provides such an opportunity.
The roll over has begun. The stochs are bottomed out for the most part and money flow is low. The big drop in the current candle, I believe is just the beginning. Oil has been up all week and has pierced the upper limit on the channel, but hasn't busted out. I believe we are going to see a drop all the way back into the $53s. If it goes past that, I expect it will...
USOIL POSSIBLE SHORTS - WAIT FOR CANDLESTICK FORMATION
Wait for further confirmation...
Midterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased. A...