#wti#crude#oil#short
Crude oil - the turning point - about 20USD (15-25)increase of stocks - new record, all time high 356 635 thousand barrels – September 26, 2014, 494 920 thousand barrels – January 26, 2016
oil production is still high despite of decreasing rig counts
decrease of managed money positions - 184 317 – October 13, 2015, 69 755 – January 12, 2016, 110 432 – January 26, 2016
Murrey math lines: monthly chart 1/8 – Fast reverse line – support: 25
4H chart, daily chart 3/8 – Lower trading range – resistance: 34,38, 1/8 – Fast reverse line – support: 28,13 , 0/8 – Hardest line to fall below – support: 25,01 , -1/8 Oversold line – support: 21,89 , 2/8 minimum of scale – support: 18,77
Moving average EMA200: 4H chart – 34,38 – resistance
Harmonics pattern: monthly chart – end of reversal zone 16,62
minimum from 1998 – spot price about 10 , real price (inflation adjusted) 14-15
source: www.finila.com
oil next falling targetsoil been falling sharply this year and today we are below 32 level wich we did'nt see from 2009
based on the historic move we are looking for 24,50 then 19,50 and finally 12 wish i' am sure a lot of country's will not love this
CRUDE OIL (WTI) - GLOBAL FORECAST!We do not even know, what to say. Everything is reflected in the charts in terms of the fundamental, historical and wave analysis. Maybe we are wrong, and the oil, will take the form of long-term correction, but the growth is unequivocal in the coming years. This is our opinion. Yours faithfully!
SHORT WTI CRUDE OIL #3: The FinaleMy fellow bears and superbears, the time has come to short WTI crude oil and capitulate all the bulls.
The last Fib extension cycle points to a drop to at least $42, and if the bearish momentum maintained, we could see 37.53 by the month's end.
As a perma bear I hate to say this but I must warn you all that if we fail to breach the triangle within this cycle, the chances of a bullish run will dramatically increase.
Set the stop loss to 2% (slightly above the last cycle for confirmation) and ride the collpase of black gold.
Good luck.
SHORT WTI CRUDE #2For this plan to work, the 4H candle on 9th Sept 05:00am, NY time, must close below 45.52.
