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Crudetrade

Crude Oil ( CL Daily ) Is it consolidation time ?Ok, president Trup was looking for lower prices and there you go right in time ;) Bears are under control no doubt about it but todays price action ( I would like to see daily close ) suggest we may see consolidation phase between 61,50/62,00 a 64,30/64,80 We are within 'no mans land" here imho and only breakout/down might give Us further direction. I do expect bulls will try to take out top of the channel but it might not be enough.
NYMEX:CL1!
by LandofTrading
BULLISH TRIDENTWeakening in the short-term, stronger in the long-run. In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern. The crude oil market continues oversupplied just three weeks after the OPEC meeting where members countries agree to reduce production by 1.2 million barrels per day in January 2017 subject to a commitment from Russia to cut production. Since then, it appears that Saudi Arabia and Russia continue producing at records levels whilst US inventories continue being a hot indicator for traders and investors. On Tuesday, December 19, the American Petroleum Institute’s (API) weekly report indicated a substantial draw in the US crude oil commercial stock levels. Today the U.S. Energy Information Administration (EIA) on its weekly petroleum report surprises the market with an increase of 2.25 million barrels. Regardless of the inventory level, the market seems to seek an upward trend. However, different indicators suggest a short trade with the crude oil weakening to levels close to the moving average where triple tops test a relevant price level. In the long-term, we see crude oil price to bounce back and resume the channel drew by the trident.
CLong
by QuantVox
CRUDE LONGThe reason why we feel CRUDE may Rise. * On weekly basis it has just started moving up * To Rise and come near 39.57 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Sinking.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :38.48 ,SL:38.20, Tgt 01: 39.25, Tgt 02: 39.57, Tgt 03: 40.54 The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:USOILLong
by ajithchand-bhandaari
CRUDE LONG ::: RISK CALL :::CRUDE is expected to rise. It is a pure risk call. We are expecting a gap up opening and may be the target be cleared in a day or two. Our BUY call shall be from 32.18 with a SL @: 31.73 Tgt01: 33.70 Tgt02: 34.19 Tgt03: 35.72. Chances are bright that crude may even touch 36.57.We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:USOILLong
by ajithchand-bhandaari
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