USOIL Ascending Triangle - Long PositionUSOIL Long Order
Entry: $51.04
TP & RR: $52.49 (2.54)
Stop Loss: $50.47
USOIL Short Order
Entry: $51.50
TP & RR: $50.01 (4.14)
Stop Loss: $51.86
REASONS FOR THE TRADE
As you can see I have mapped two potential trades here, but since the first one is Long, that's the center of the analysis here.
What we see is an ascending triangle in an uptrend, so I expect Oil to have an explosive move up (no pun intended). With that being said, I also think that this trend is starting to get a bit exhausted, so if the price breaks down from the lower trendline I will be looking to open a short position. Alternatively, if it reaches the upper trendline I will hedge my long with a short to protect my profits and look for a suitable place to close the losing trade.
Brentcrude
WTI & BRENT: Santa was very nice to us this year! (MOVE ↑ of $2)Hello.
My name is Francois Normandeau.
Here is a quick recap of today's trade on West Texas intermediate on the left and Brent oil
on the right we can see that we had an entry here on the short term momentum indicator.
The close of the trade is when either one of those two indicators leave the by zone.
So this happen here at 12:23 p.m.
And price was 4828. So in the end this one from 46:29. To 4828
This main trade lasted about 10 hours and a half.
A move up of about $2 on us oil and $1.85 on Brent… a substantial move.
We can see here move confirm on this modified ADX indicator here.
One move, one leg, consolidation, second move, the second leg, so we can see this here this up move is here
and then a consolidation and then a second up move, which is this one here and we see the same thing on Brandt on the other side.
We have the signal for an entry on the short term momentum indicator here and a second signal for an entry on this midterm momentum indicator here and the signal for the close here when we see one of those two indicators leave the buy zone
.
This would have been I've been the close of the trade and the same logic applies to Brent for the entry for a trade here.
A second signal can be seen here and the signal for the end of the trade here, confirmed.
So quick recap on a very interesting trading day today.
My name is Francois Normandeau and I will post more information on our website ADX-BRIEFING.
Thanks.
Take care and have a good week.
Merry Christmas to you and those you love.
Francois Normandeau
Institutional Research Director for ADX-BRIEFING
TVC:USOIL
NYMEX:CL1!
TVC:UKOIL
WTI & Brent : important UP day. Trade of 70 pips, closed.Hello.
My name is Francois Normandeau.
This is a trade recap for ADX-BRIEFING.
Here is the most important trade of the 2nd half of the week.
70 pips on WTI and 70 pips on Brent.
TVC:USOIL
TVC:UKOIL
Closed over an hour ago and then, we initiated a short position on both markets.
We have some profit on this new trade but nothing substantial as of yet.
Mode info in the video and on the site.
Wishing you a great weekend.
F. Normandeau
Institutional Research Director for ADX-BRIEFING
Brent ... posting my 1st Idea via the new desktop version :)Hello.
My name is François Normandeau.
Here is a quick recap for ADX-BRIEFING.
We took a trade earlier today
on US Oil and UK Oil
working with the standard ADX methodology.
More info in the video.
Wishing you a great week,
F. Normandeau
Institutional Research Director for ADX-BRIEFING
TVC:USOIL
TVC:UKOIL
UKOIL - will be a breakdown trendtrend support may not be able to withstand.
Two peaks show the reversal.
what do you think? there will be a breakdown
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
USD/RUB - Sell Update In this video update to a previous video I posted on selling USD/RUB, we look the Dollar getting weaken against the Ruble and a perfect time to enter a short sell-set up.
The Ruble has a number of factors supporting it's strength agaisnt the Dollar.
1.) Higher interest rates mean selling the currency pair gives you a positive overnight carry trade opportunity.
2.) Higher Oil prices will support the Russian Ruble as Oil makes up 55.92% of Russia's exports.
3.) A weaker U.S Dollar and negative current account balance should further depreciate the dollar.
The one risk to a downside sell is U.S Sanctions on Russia should the Joe Biden take a tough stance with Russia.
We look at Entry price, stop loss and take profit targets for this trade idea.
Brent Crude: Sell Opportunity 🛢Hello traders,
as discussed in our Morning Meeting, here is the setup in Brent crude that we're following. OPEC has a two-day meeting with Russia discussing the recent oil rally, and reports emerged that some members are reluctant to cut their production, putting pressure on oil prices.
Brent has already formed a fresh swing low, showing acceptance of lower prices. I am looking for a retracement to the first blue liquidity zone before considering a short based on price-action and volume .
Be ready for a Bullish Scenario on Crude OilToday, we will analyze Crude Oil to understand a possible Bullish movement. Let's go to that.
The main reason we are thinking about a new impulse on Crude oil is that we had a breakout of a Huge Corrective Structure (A perfect ABC pattern, also known as Flag Pattern)
Flag patterns are Continuation structures. That means that they tend to resolve in the same direction as the previous impulse.
-After 80 days of sideways movement, a breakout in any direction should be an interesting item to pay attention to the possible continuation of that impulse. In this case, we had a Bullish Breakout.
- Which is the length of the movement we can expect? To answer that, we will pay attention to the past bullish movements that happened from the current support zone towards the next resistance zone. In this case, we observe a possible target of 48.90 - 51.00. If you have opened long setups, those values should be considered as a take-profit zone.
-The new impulse can take around 40 to 70 days to be completed based on the previous movements.
-Remember: Trade Safe, protect your capital, and always understand what you are doing!
Thanks for Reading!
Brent crude. Today's matrix for intraday trading. October 13
For timeframes m5. Detailed levels for buy / sell. On the screenshot below 🠗🠗🠗
ibb.co
Hi everyone. My analysis done for my main timeframe m5. I start from higher timeframes D1, H1 and move down to lowest m5.
Futures contract for Brent crude , London exchange ICE 12-20
My trading is based on market phases by Wyckoff.
UKOIL BRENT Nose-dive to $32 and beyond?After the 2h 50 EMA crossed below the 200 EMA first time since May 05, 2020,
the 3h 50 EMA crossed below the 200 EMA on Sep 04, first time since May 07, 2020.
What exactly can stop oil from going diving back to low $30's ? More cuts from OPEC?
Winter coming to the Northern Hemisphere? Miracle vaccine ?
Doubt it. Let's see...
COVID retracement comingLook at Oil chart. 20 days ago I've noticed bulls weakness and now we witness full retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back. France is went up to 4th place in the world in active cases. India took the second. While fairytales about vaccine are multiplying, no one really knows what to expect during Autumn months, when flues are most active.
I think we may expect a bounce to 43-44 within nearest days/weeks. Will use it to exit as much stocks as I can. Maybe open shorts.
Week chart doesn't bring anything bullish.
CRUDE OIL Short to Target $20.00 by Christmas 2020.BRENT OIL 1 Week Chart, with Ichimoku Cloud.
So we all know from May this year that about $20.00 is the limit where OPEC & Russia will start holding hands and interfere with the oil price.
And you think about the below reasons, and look at the Weekly chart....
Reasons:
1. COVID - Economies around the world are NOT recovering to previous levels, LESS consumption by Industry.
2. COVID - More companies are adjusting to remote work, LESS driving, LESS gas consumption bu cars.
3. CHINA - China bought all the cheap available oil, latest prediction is that it would take 45 days just to use that stored oil
4. TANKERS - More tankers are available after they transported oil, More oil to go to floating tankers for storage
5. SAUDI ARABIA - Just had to lower its oil sale prices,
6. RUSSIA - Still eyeing a clash with Saudis
7. OPEC - Turns out UAE produced over its quotas, Iraq wants to be out of the limitations.
8. US SHALE - Some still have to produce, adding to the glut
9. AIRLINE INDUSTRY - Jet fuel consumption have never been this low, and doesn't seem it will be able to recover anytime soon.
Conclusion:
A SHORT position today ($41.35) with a STOP LOSS of $44.50, TARGET of $20.00...
And all in 15 Weeks before Christmas...
If the price breaks above $44.50, before Christmas, the trade is null.
*NOT an investment advice!*