The last analysis gave us a practically perfect target with big profits and a life saver for an early mistake. Now we have enough information to create a guide map for the following months. The way in which the price interacts with the "Key Zone" will be essential to maintain the validity of this analysis. If so, we could be touching at the beginning of March the...
Think oil could find strength here with 200 EMA support and wave 4 nearing completion
Formation of Head and shoulder is about to happen Potential 1st Take profit at 48.100 Potential 2nd Take profit at 47.000
My previous call was very optimistic but damage has been done. My view of market has flipped and the trend has changed!
Weekly indicators are oversold on 1hr If there should be a trend shift it should be now Next support area is around 26 usd A hedge trade on both sides with a tight stop loss will be a good idea here
This is by far the BEST video that will line everything up for you by me. I gave it MY ALL with trend analysis and elliott wave. be ready and spread this video within 48 hours to help everyone for this last move higher.
OPEC next meeting at 6th of December, Production cut is on the table + possible correction, target 1. 52.00 target 2. 54.00 target 3. 56.00
WTIUSD Trading Bias: Long Technical Strategy: Support level + Wave Indicator Divergence + Falling Wedge Check related idea also.
Price action next couple of days will dictate position. Neutral in next 12 hr. Lean bullish next 24-48hr.
Large bearish Descending Triangle in WTI. This means we could easily test bottom again, which ultimately could mean another gut punch for Alberta. Corb Lund and the 'Hurtin Albertans' indeed! If you read up on the descending triangle formation, it tells us it is a bearish pattern and most often a continuation pattern, however, it also can represent a reversal...
US oil spotted bullish divergence in 4 hour chart.. time to buy USOIL WTI. Please hit like, share, and follow for more ideas. Vinny
after the inventories today oil traded near end of wave (5) of (3). a three corrective pullback will be completing wave (4) at which we will be adding positions to turn south targeting 67$ a barrel as a first target. on a larger frame wave (B) cycle may reach 55$ a barrel before turning north again reaching 100$ long term.
Hi, In 23 minutes, we will have report about Oil stock. Chart is telling us that price should rise. Level 70.50 become strong support. We have two brown swing look like we should have third rising swing in order to create matrix. I am ready to trade. Are you? Good Luck, Jim