WTI has earned us plenty of profits during its bullish run that started about 2 weeks ago, but ever since hitting the 2021 top we have moved into more of a ranging market. We've taken a short and have one more sell order at the upper orange level as there is a chance of a retest and that is where we expect/believe bulls to get "tired" and price to reverse back...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on WEEKLY: BRENT OIL is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes. on H1: BRENT formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing. Trigger: Waiting...
Price should drop to the point of origin of this inefficient move.
I would be nice to attempt to get a wick entry from key previous structure down to the next key zone marked. Let's see if we get a significant pullback followed by rejections before we consider a sell.
on DAILY: USOIL is sitting around a strong resistance zone so we will be looking for sell setups on lower timeframes on M30: USOIL formed an objective trendline in blue and broke its last swing downward. we also have a divergence on MACD adding more confluence to our setup. But since the break happened a couple of hours before the market close and because the...
Hello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Crude Oil Long: 37.62 Target: 38.16 S/L: 37.41 Risking 3%
In 1998, Robert Shiller--the Yale economist and Nobel Prize winner-- formalized that idea in a paper, "Valuation Ratios and the Long-Run Stock Market Outlook" and a book, "Irrational Exuberance." The latter made Shiller something of an economic prophet. In his book, which came out shortly before the dotcom crash, he warned that stocks were overvalued. What is...
Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way. Nice...
Still over -23% off of the highs, I will remain holding this position with stoploss at breakeven. This entry was given on the 14th of last month. 03:44:41 (UTC) Tue Aug 18, 2020
Stoploss moved to entry for a risk free trade on this copper signal published yesterday, linked below.
If the oil would drop through the blue line, I start to believe that 10 dollars per barrel is coming next.Fractals in oil. What would happen in the world to send oil to 10 dollars? ..the commodity controlled by three men only... Black gold. :) Anyway, not looking good for oil... Do not take it too seriously, but consider it. Have fun, trade with smile folks.
Stop SL. If it breaks upwards, it means its going to retest the outer descending trendline. Awaiting break of the ascending wedge...
usoil update demand n supply zone
Lower lows with a clear level where bounce offs are happening. Trendline for an over all-direction downwards. Great risk/reward. Feel free to leave additional ideas or thoughts in the comments below!
$1500 plays as very active key level, as buyers and sellers have kept price wedging tighter and tighter towards the price.
Just take a look at my chart drawing. Enter-reason: clear support-zone (entry zone now), over-all uptrend because this supp zone is formed at 61.8 fib level (not drawn but its a fact), great risk/reward ratio. Target level that high because its the same height that has been occured in the last up-move before so we take that height and place it on our entry level...