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Crudeoilwti

WTI CRUDE OIL, DAY CHART, LONG (11-DEC-2016)Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH movement, we will change our view to short! A Risk to Reward of 1:3 for this trade :) Fundamentally, the crude oil price rally is due to the oil production cut by OPEC and potential cut from Russia and NON-OPEC Countries. The production cut might not able to reduce the current global stockpile significantly. It might be the reason to hold the crude oil price trading in the range!
TVC:USOILLong
by YongLiang
Oil pressuring range highs - poised for fresh gainsCrude Oil prices have bounced from the USD44.82 low of 29 November, with prices pushing above range highs at USD51.93 to reach USD52.42. Mixed short-term studies suggest consolidation in the coming days, but improving momentum readings and the bullish Tension Indicator, (not shown), anticipate a later break, with subsequent focus turning to the USD53.25 retracement as investors adopt an outright bullish stance. A further break will confirm continuation of the broad February rally, and open up the USD56.80 break level from July 2015. Support is raised to the USD49.00 break level, but any break should stabilise above USD44.82 as background studies continue to improve and investors maintain a buy-into-weakness strategy. A break, however, will delay higher levels, and open up a deeper reaction towards the USD42.22 low of November, as investors move back to a cautious stance.
NYMEX:CL1!
by Michael_Macdonald-XATSUK
Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next?Crude Oil- B2C- An Exciting Experience 43$ to 52$ & What Next? B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from this crude journey. What Next- Trading Strategy Could be a start of the downside move from 52$ High & going below 42$ recent low -likely to continue down-which shall be a trading opportunity, but before that there will small upside push from last week's trading closed at Crude from 43$ to 52$- Amazing -Later I took this as WXY pattern as it evolved
NYMEX_MINI:QM1!Long
by WaveTalks