CRUDE OIL 4H SWING SHORT CL1!If price breaks the ascending trendline we have a good chance to test 67 and probably 65.
Crude-oil
RSI 100 downtrend 50 EMA crossed over 600 EMA and is in very fine falling position. Price pulled back to Tenkan line and will keep dropping.
Trade trends after 50 EMA (it has to be in declining or rising position). Enter trades upon pullbacks to Ichimoku´s Tenkan line. Trend ends when you will observe divergence in long term RSI (70-100) - when RSI unlike price will fail to make new high.
WTI Oil Long, watch inventories at 4pm GMTOil continues to push up further
bounce from the 0.618 level on the fib looking for more gains towards $78
crude oil inventories news at 4pm GMT, will be some fireworks there
good trades
Brent Crude Oil. $100 is not a miracleTabloids and analysts call for $100 amid Iran fallout of supply chain.
This simple chart confirms this fear as the contact area within a possible large triangle
sits right between 95 and 98 levels.
USOIL short oportunityStrong sells still on chart USOIL
Back test of 68,30, from this point we will see strong sell again
Entry 68,33
SL 69,33
TP 66,14
USOIL Looking goodUSOIL showing Gartley pattern is completed and this is maybe the last chance to rebound before breaking the trend line support..
Once Crude Breaks $65 - watch out below.Once crude oil breaks $65 ppb, watch out below. A very quick move to near of below $58 could happen pushing longs to cover.
Be prepared for this move and watch for a breakdown in price as a key trigger. My assumption is this will happen before the end of August.
USOIL Still inside up channel..USOIL Currently on a good support area the up trend line & 78.6 Fibo. also we are waiting for AB=CD pattern which is can lead crude oil to the new high.
Crude Oil. Possible wave count. Target $71.00Oil broke up the triangle in wave X.
The target for wave Y = wave W = $71.00
Crude Oil May Falls As The Trade War Sentiment DominatesCrude oil is holding in an oversold region. The series of doji and spinning top candlestick patterns are suggesting a potential of bullish retracement. But it will depend upon $66.50. Above this, the market can go after 38.2% retracement level of $67.45. The bearish breakout of $66.50 can extend sell-off until $65.75. All the best and trade with care...
USOIL-WTII will look for a possible move up to break that high and finish a correction, then the sell.
Crude looks bearishClues
(1) ascending wedge in downtrend is bearish (but agreeably the next major trend is bullish)
(2) price where a large resistance line exists and a former support line is now acting as resistance
I think it would be wiser to wait and buy when price goes back down to the stronger trend support line (in black).
That said, any short position here should have a tight stop.
Bear
Here is how I envision the short trade to go if you were to take it right now.
Bull
Here is the bullish case - buying the breakout retest.
Crude Oil Fib LevelLast week Crude Oil sentiment was a bearish one. Looking at the chart, we can expect a continuation of bearish sentiment going into next week. Perhaps on the latter part of the week, we could reach demand level; Therefore we expect price to push back to $73 in the following week.
Have a great weekend, folks!
Cheers!
Will Crude Retrace its Surprise Gains?Crude made a surprise bounce on Wednesday, despite a big build in offical inventory data. There are some fundamentals that weighing on the supply side. However, on a technical level I feel we are now bearish in the short-term.
The two high volume areas are $68 and $71.
Price will react sharply at $69.50, and as such I'm looking for a test of $69.50, before a retrace back to $68 in the next 48 hours.
Crude Oil Slips Despite -12.6M Barrels Draw – What’s Going On?WTI Crude Oil – Trade Plan
The trade idea is to stay bearish below 71.61 with a stop above 71.95 and take profit at 76.40. Good luck!
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Crude Oil Settle at the low $70.60 T'was a bad day for the bulls in crude. But the good news is the uptrend still intact. Hence, why I believe in the old adage: "The trend is your friend", or the like, "It's only a trend until it bends". Today crude fell after what seemingly appear as a bullish report. Let's not talk about fundamentals at all, but looking at the crude chart we see that it found support at $70.60 level - also in a buy zone. As volatile as this market, anything can happen. "Be greedy when others are fearful, and fearful when others are greedy" ~ W.B.
Happy Trading, folks!
Cheers!
Crude Oil Violates Ascending Triangle - Trump Lashed Out at OPECToday $73 is a very crucial trading level and crude oil can stay bearish below this level to target $72.10 and $71.75. Good luck!
Crude Oil Violates Ascending Triangle - Trump Lashed Out at OPECToday $73 is a very crucial trading level and crude oil can stay bearish below this level to target $72.10 and $71.75. Good luck!
Oil back on track to 80$ ? Or...not?I sense... bearish divergence going up to 73$
This idea is pretty simple and straightforward, everything is in the chart.
Good luck!
Crude oil projectionIt seems we are going to have some steep runs...I project a steep run to 84 dollars per barrel, then a drop to retest head and shoulders neckline (as it did so in the past pattern), second run up to the fib circle and Gann angle. And then a fast drop to 30 dollars per barrel (trendline) down through the neckline. Many clues have been drawn from the past pattern behaviour. I locked the scale, as its important all the drawing tools and lines stay in the same place. You can move the chart around though.
WTI Crude Oil On Roller Coaster Ride - Top 3 ReasonsWe just shared a forex trading signal to open a buy position above $71.10 with a stop below $70.85 and a target of $71.40. Good luck.
