therancher

therancher

SEE CHART FOR ANALYSIS. STILL QUITE BEARISH TILL $57.30'S

therancher

Notes are on chart. Still bearish momentum. MACD and RSI support this theory as well. Chart does not look favorably long until 1 day chart imho. Note: It is my opinion that this chart has a usefulness for swing/day traders.

therancher Updated 

Chart has info, politics and external factors play a role in market economics which cant be accounted for, but this one loves its history. I believe we still have some more downward action, but the floor for this one isn't much further imo. Ill add more to this as the weeks go by and change structure based on market sentiment vs industry pulse

therancher

see chart for data points

therancher

then bearish based on abcd pattern and current and prior price action coupled with rsi and macd. Macd logically seems to be forming a double top and then its bearish leg down probably 70/30 odds imho. Will try for a quick scalp tomorrow or Monday.

therancher

Could go either way, but momentum is looking bullish and so do the options at the moment. Will give up a bit to get confirmation like last time. Notes are on graph.

therancher Updated 

In this chart I have integrated a few different ideas, theory, and concepts and a consistent pattern is present. Whether It aligns with future price action we shall see. My PT is 51.80's for a short with a tight stop at 51.20. If this is in deed the top my analysis is indicating a 4%-5% return on the drop and a 7%-12% return on the upswing. I actually think there...

therancher

Cleaned it up a it and very short term I am short. for a swing I am long until Change of Trend.

therancher

Notes are on chart.

therancher

now Took some time today to get back into my technical analysis . I personally feel oil 0.02% has about 3-7 days left of a bullish swing for 2-4%, however it will re-cycle and fall*. IMHO oil 0.02% has become a game of small movements, in and out, unfortunately it took me a while to see what I am seeing. There was a time not that far back that the swings...

therancher Updated 

Here is a continuation. As you can see oil is in a bull run, I believe this to be valid based on a ascending flat top triangle breakout that was not proved false, a short term cup and handle, long term cup and handle, and also bull flags short term. That is 4 strong indications that this has legs. My position in sco has not changed and am still holding for...

therancher

Hello All, Its been a whirlwind month for oil and I have not made great calls lately. One thing I have realized is I wasn’t factoring big picture. I am holding a significant position in sco and have averaged down. I also recently hedged with uco and am buying my time. So here is MY confirmation that I am seeing the big picture and trends more balanced than before....

therancher

Notes are in chart, but if you look at the big picture versus the individual parts you can start to see that the upside potential is waning on this bull move. Not disputing or saying there is no possibility of a move to 55 but fundamentally I think it lost traction to get there. PT's are in chart but I think realistically PT 3 is about as far as it will slide. One...

therancher Updated 

Most of the notes are in the chart, but here is my synopsis. AMD has had multiple patterns and I have made great returns swing and day trading the trends. we have seen a bearish Gartley, triple bottom, double top in this quarter just to point out a few. I took a small position at 10.49 (225 shares), and the rationale is NOT earnings beat, but the possibility of a...

therancher Updated 

Notes are in chart, but this is following nicely atm. Will wait to see test of 42.37-42.22 and need a close above handles resistance for me to go all in on this one, but i like the set up currently!

therancher

Here is an update, it appears to be consolidating and have a noteworthy move up. As long as interim support holds oil short looks like a solid move till retest of 48 range.

therancher

Have a sizeable position in SCO, currently down 1.23% with an an average of $35.09 still holding an additional 15% of funds in case this decides to move in the opposite direction My chart is indicating. I am currently seeing wti being ineffective at breaking the 52 range and imo in order for a retest of 55 and move to 60 there needs to be a retrace to 47-48....

therancher

Pertinent notes are in chart. It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt...