West Texas Oil

Ok Guys and Girls. I had been waiting for this confirmation, and after Crude Inventories in the Us was waiting for that triangle in yellow to be broken. My RSI and Stcoh RSI are in the propper setup so it seems to be just ready for some profit. In the chart I had projected a Bat Pattern that is congruent with an AB = CD so everythin seems to be ready. Enjoy it.

Now the rise of Oil is no longer a surprise. I am seeing a possible swing down to 45.3 and even 44 level. But in the medium term, it shall go UP even higher. 48.7 will be a nice target. Trade Safe, s0nic P.S. Please follow, like, give comment to my analysis.

WTI has recently bounced long but in the previous sessions it is drifting without any strong directional confirmation. For the upside to continue I am expecting price to hold long above the 45.65-45.80 zone and also show increasing strength through 46.70-46.94 to confirm upward pressure. DISCLAIMER: This is where I practice ideas and work on my trading ...

- Idea based on 1d chart, where MA crossover has happened. - Entry placed in 4h chart, showing a healthy trend. - Entered in small bearish pause (can't really call it a pullback...). Stop loss below slow MA. - Exit if clear break of 4h fast MA.

IMO, We are on the way to 45.2x level again. I have to change my view on Oil. Overall. I am NOT exactly BUllish at all. Trade Safe, s0nic

Oil is pretty resilient IMO. Due to weakness in daily TF, it can go to $47.8 region first and after that, there is possible rebound to $51 region. The key point here is $47.8 will be very good support. Trade Safe, s0nic

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I am expecting minor drop to continue as the mean of trend continuation for now. DO no long yet. It shall show more sign and lower level. I am standing with BEAR for now. Trade Safe, s0nic

Not a short. Just a target. If we got a pull back on the way, I'm a buyer..

GOOD LUCK https://www.tradingview.com/chart/USOIL/Qb9G68YO-CRUDE-OIL-HEAD-AND-SHOULDERS/

price relationship

Crude extended its move lower and is retracing strongly boucing off Near Resistance and looking to attack that same area again. We fall back to the next High and look for a shorting opportunity with the Trend still Down.

Crude ramped back up, expect it to hit some resistance around this area...

Here is a bullish pattern forming on US Oil- if price dips to this level it will be a KEY area for support! If I decide to take the trade this may be relatively longer than my usual swing trades due to being drawn up on the daily chart. Either way, it's good to draw up and look back on! I may have a glance over the oil inventories before taking the trade ;) Bat ...

Short term opportunistic trade expecting down trend to continue.

Hay you look at Oil ? Now the chart shows us to buy it. I like buy. Thanks. Happy Trading.

Did you follow previous Oil analysis? We had a nice run down. As for now,we can still have more room to slide but 47 can be nice support to bounce. Trade Safe, S0nic

As mentioned it is proven that 53 region is a HARD resistant. If there is no "news" tension from Syria front, it shall slide back down and back to 50 level. * Too early to call from a sell since, the price will pass through 53 levels and it can go to 60 if there is renew tension in the middle east. Trade Safe, S0nic