kweiss

kweiss

Waiting for highs to break to go long

kweiss

If this proves to be a Cup and Handle then the target is 52.3x I will go long there with a TP around the 56-57 area.

kweiss

This is very uncanny how similar it looks. In the first green box: Golden cross, Death cross, W-Pattern, Boom up. The second green box shows similar behavior. Time will tell. Target on longs are to the 54-55 area.

kweiss

Price seems to be holding here for the moment after breaking upwards. There are a lot of transactions around the 51 area and the 50.50 area. If these areas do not hold, a visit to new lows around 47-48 will be no surprise.

kweiss

Currently near the bottom of 2 trend channels. If these do not hold, price should resume the selling down to 45.3x and then 42s A bounce at these current levels could bring price back up to mid 50s. OPEC decision to extend or deepen cuts should also be releases today.

kweiss Updated 

We are at the mid of the orange channel and are also close to the the fork median. If this pans out, we should see at least low 54s. Good luck!

kweiss

We are at the top of three areas here. We may have a golden cross but I am expecting a drop to around 58. TVC:USOIL TVC:USOIL 80 before further rise in price.

kweiss

The target today on this move is 55.5x. Below that there is a huge area to fill. The next potential target below would be around 54.4x

kweiss

If the top holds, we want to watch 53.5x But a break above into the channel will open the path to 60

kweiss

Target zones for shorting Zone 1: 53.6x/7x down to 52.2x Zone 2: 54.2x/3x down to 51.1x A burst above these zones could take us to 57 again.

kweiss

Price failed to break over the 50MA and the resistance area today. Watching the daily candle closely. Could be a good entry to short for 1-2 dollars.

kweiss

Price failed to break over the 50MA and the resistance area today. Watching the daily candle closely. Could be a good entry to short for 1-2 dollars.

kweiss

The H4 Stoch is slightly in the overbought area. EIA results today may give the needed push to break over the resistance area .