Crude oil is in a newly formed downtrend and made a new 50 day low today. Thus we have the opportunity to go short and possibly capture a bigger trend.
In this video update, we take a look at a swing trading opportunity on Brent Crude Oil.
The Weekly chart suggests we should be looking to buy the commodity with resistance
back up at the weekly highs of 76.00. The 4hr timeframe has re-tested highs and if price
forms a bullish breakout of the CTL we can look for long trades.
Golden crossover is the bull cross of the 50- and 200-day MAs.
It is a lagging indicator and usually works as a contrary indicator in the short-term.
Golden cross indicates the underlying has rallied sharply in the previous four months.
In this video update, we take a look at Brent Crude Oil as the weekly suggests we could see
further upside next week. If the current weekly candle closes back within last weeks
range we could see the market move back towards 75.00. We were expecting the price to
test the 38.2 Fibonacci retracements however this looks unlikely now with current
price action.
In this video update, we take a look at a swing trading opportunity on Brent Crude Oil
as price breaks through a counter-trend trendline support. If price pulls back to 72.10
we can look for further shorting opportunities down to the 161.8 Fib extension.
In this video update, we take a look at Brent Crude Oil after identifying the bullish trend on the daily chart,
as the monthly retraces back to the key lows. If we expect the market to test these lows we should be
looking for continued long opportunities.
In this video update, we take a look at the Oil markets and how they are shaping up for another push higher.
Brent crude offers a cleaner chart when comparing price action however they both show signs that
the market remains bullish despite the recent consolidation. Wait for a bullish daily close before
looking for continuation trades higher.
I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss.
I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is...
In this video update we talk about how Brent Crude Oil could continue moving lower if it can hold below the key support at and lows at 70.44. We have been trading short from the highs and looks like price will continue further despite the market looking overextended to the downside.
