NYNick

NYNick Updated 

Just to capture the state and thoughts, not to follow !

NYNick Updated 

This formation looks as a very classic inverse Head and Shoulders pattern. though I do not trade WTI , but want to capture this to see it realizes

NYNick Updated 

After settling options and futures in Brent and removing all the ambiguous oil moves due to expiration, there is a new chance for oil to come back up to 64+ UKOIL/Brent. the target should be reached before the expiration (a tall rectangular at the right of the chart). it could also go back to 72, but half way first Note, that It is risky or might be premature ...

NYNick Updated 

There is a big chance of seeing a nice return in oil in the next days up to 64+ on UKOIL/Brent

NYNick Updated 

based on TA, all that had happen and other considerations we may be at a nice setup for short. nearly the same is sen on Brent

NYNick Updated 

I am no much of the Elliot wave man, but would that be possible that we have just started a new 5 wave cycle? in this case we are in a good position to long with a tight stop. the same is seen on Brent. lets see how would it develop

NYNick

here is my trading plan. this is just for me to follow, kind of a self check

NYNick Updated 

was looking at the set up for a while and found this nice Blue MAGIC channel for Brent's - see the chart. So, we are in the downward looking channel, that we have gone out and returned back to. usually, in that situation I would expect to reach the upped bound of this channel. hence, we are going towards 63.6-.8 on Brent (LONG) and what's higher I would see as a...

NYNick

As we have tested the yellow level from above (see my previous idea ) and still staying above, there is a good chance to go for a test of the next level/levels up

NYNick Updated 

Here is an idea of a good set up for Brent to get to 53$ - how and why - don't ask, the big market does its magic

NYNick

currently I consider 3 scenarios of correction or further price decline - so before the API I have entered short, the rest to be played by the price action as we go

NYNick Updated 

this is an idea of price development in the next 2-3 days, the way I see things, for my personal self-check - follow at your own risk, once EU and US market opens - things for sure would change - so - do not repeat this at home!

NYNick Updated 

we have entered a correction to the current Bear move. and though I am not trading Light, but this is what I see - we had pierced trough the strong support level (green rectangle ) on a third touch (a bit early)and should test it once again to "ensure" it holds. and if it does we may see 56-abouts (yellow) or even 57.5-58 (red) for light

NYNick

The way I see the levels for developing this current correction

NYNick Updated 

This is an unsupervised thought on current development of oil price till the end of Q2 2018 - not a recommendation or a call to follow. just made it to see the progress and how wrong one (personified in this case as me) can be the Ideas came in a while ago, when we had a dump on May 8th, things are very nervous still and there is little that points to this...

NYNick Updated 

Some time ago I had shared with my friends an idea of Brent going to 56.5. it was some late night old mans lonely evenings thoughts on the chart. Brent was at 52+ back then with lots of bearish sentiment built up in the crowds mind. it worked out just great. s3.amazonaws.com though I am not an Elliot or other types of wave analyst, I find that some basic ideas...

NYNick Updated 

just a close up look of the idea, to track the move

NYNick Updated 

there are many factors indicating demand increase, that is not yet in the price due to Harvey (refinery shut down). This is just an idea for Long and is NOT a buy recommendation, considering that ABCD pattern is a bearish setup. in similar way, brent should go to about 55 - just want to track if this is going to work. any comments are welcome, but cannot promise...