still holding this trade weeked.. wti going trend will turn. look for the numbers.. number will tell you everything,, auction, values, really matter..
Hello Traders This week oil price jumped almost +12.5$ from the opening price on Monday and ended in a big green weekly candle. 2 major factors affected Oil prices: 1- OPEC has reduced its production limit. 2- Cold seasons started in Europe and demand for energies such as oil has soared. Technically: 1- Price has broken a falling wedge pattern. 2- Price has...
Look for a retractable fall from I outstanding high from USOIL. Oversold on daily and looking for a collapse down to 80
So it is Very fair to say that the last 2 weekly candles have been very naughty indeed. For any EMA traders that took heed of the very important contacts with the 800 in the daily and the 100 on the weekly-provided they didn't fiddle too much-should have added substantial gains to trading account. Most of our traders in this team did at least 150% with the top...
WTI Crude Oil chart delines a possible channel structure where the WTI Crude Oil price/volume line has been retracing downward to 0.50 Fib retracement level. The stochastic differential equation that defines the price discovery of Crude Oil then has seen Commodities traders and energy firms bidding up for Crude Oil, considering the exogenous factor of reduced and...
I don't care what people say I don't compare myself to people I compare myself to myself I compare myself now with myself last year only this and
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Oil has had a fantastic week on the back of production cuts. Its been a ripping rally.
- Obvious downtrend - Near a minor important area - Look if there is any retest - If the rebound is weak, most probably will see 6x
Currently on the weekly Time frame, USOIL seems to show a clear retest of a neck line of the M structure. if this region hold, we can be looking at a 9000 pips drop in the price of oil. This will mean we might be expecting a weak Canadian Dollar as this pair correlate positively with it.
the first serious resistance in front of oil is the range of 93$ to 96$. Most likely, oil will have a downward correction in this range. If it becomes stable above 96$, the next targets will be 105$ to 107$ (the next important resistance area), then 110$, 113$ and finally 123$.
oil at key reversal point area for long term selling use small lot for holding
Short rules are simple: don't force trade against terend, with a clear HL-LL structure. Then, at the red level, is sell zone. momentum is looking price fail to make a higher high, then go to entry short. traders need to enter short at that level, as a red engulfing reversal candle appears at that point. verify a lower timeframe for the best analysis and wait...
We cross the deciding trend line now we will have move upside Before that 92.3 is a big resistance where we can test the trend and continue up side Very bad winter this year oil up all risky assets down . GOOD LUCK
if break key area expect 105 if fail more down continue further
This is a follow-up video to my previous analysis on the USOil as we did make a minimum of 350pips in total to close last week. Oil bulls culminated in a loss during the later part of last week's trading session after a surprisingly higher U.S. inflation print for August reinforced expectations for more super-sized Federal Reserve rate hikes. Even as the selling...
We've had crude as a macro bear since we made the extensions into the high. We now have parabolic rallies to the 76 fib. This is my favourite type of setup in a downtrend. Short into the scary big candles at the 76. Always really high RR here since stops are tight and targets are new breaks.
Sell Wti Above 91 it will Fall below 90 and will see Level below 88.50