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...
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...
This is just a rough idea of what i think the market is doing. If you take a look at the chart i posted yesterday after the double top, you will see that market did retrace back to the suggested area before going back down again. I think trend is going to change soon, when exactly is what we're all waiting for. Enter and exit at your own risk. DISCLAIMER Please...
We have a double top in the 1hr timeframe. Wait for market to retrace back up and then short it again. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
WTICOUSD came in huge price. We have 3 reasons to sell it.
TVC:USOIL hoping for a big swing, if not then scalp is on table the least
So, I posted a chart this morning and oil has moved further up which is within calculations and if this chart also fails, then I will post my new opinion on Monday. For now, happy trading. My sl is at 64.51 for leg B to C DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
This is one of my take on oil on the daily, I might upload my 2nd opinion. I will post an intraday opinion soon. If you followed this chart that I posted yesterday, then both your target would have been met by now. Could go down further but for now, I'm out. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
This is a slight tweak to my short call chart yesterday in the 1 hour view. This is my opinion on oil. There is still a potential for more upside before we go down as stated yesterday, up to you if you want to wait for more upside before shorting. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Prices at 61.8 Fibo on weekly, touching ancient support zones, now resistance. Opec+ member Russia now admiting some production rise by June. Price targeting previous consolidation zone, with an acceptable R/R = 2.
We were in a bearish wedge. Broke downwards from it. It was bought back up however we can deem the red box a supply zone and therefore a potential drop can occur once we hit it. Stop loss at 54.7.
Will see the close of today but we could may see the top of the right shoulder on WTI Oil TVC:USOIL . It can be a nice price to short to the neck of the head & shoulder and maybe more if the neck breaks. Wait & see
WTI is approaching our first support at 51.29 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 54.02 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see...
Key levels to look out for, please refer to our 4 hour chart for a strategic view!