OILCL1!
Trend (down) continues
Tomorrow report and we will see new low
Have good profit dear traders
Lightsweet
$ORIG POSSIBLE BULLISH SETUP for OIL ANGELS, 5th wave incomingOcean Rig UDW Inc.(NASDAQ:ORIG)
$ORIG POSSIBLE BULLISH SETUP, 5TH WAVE ABOVE 0.75 INCOMING
August 12, 2016
Shares of Ocean Rig UDW Inc. ORIG, were nearly halved in premarket trade Friday, after the oil services company said it would continue to explore reorganization strategies that could include bankruptcy given the continuation of "extremely negative" market conditions. The company said late Thursday that oil companies continue to reduce their offshore budgets, the floater rig market is expected to become even more oversupplied than it already is, and a recovery may not occur for several years. "We continue to explore and consider alternatives, which may include a possible reorganization under US bankruptcy laws or another jurisdiction, so that we can ride out this very difficult cycle with feasible prospects for strong, long-term success." The stock plunged 61% ahead of the open.
OILGlobal news can say whatever you want . It is not physical oil . This are futures . and future's price is constituted by those who trade these futures - banks. There are 3 major traders in the market of oil - JPMorgan , Goldman Sachs, Citi, in their turn they are getting money from the Federal Reserve System . And the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger. That why in the first quarter of 2017 the oil price will be 12
Continues rally
Elliott wave +fibonaci
Way to 12
CRUDE OILSTILL WAY TO 12
Can break 42.13 (support line)
Open posision just with S/L because today is a report of crude oil reserves
Possible long to formIf this weeks weekly candle closes above the 20 EMA. I will be looking for a retest of the 20 EMA.
Once the following candle retests the 20 EMA this confirms a buy for me towards a price of 1.35.
Stop loss will be under the 20 EMA.
USOIL. Done or not done?Hello there!
USoil broke above the low of proposed wave 1 invalidating the previous daily chart count.
It also broke above the white resistance line.
We are in historic moment of possible dramatic change of the market.
If we really finished - then get ready for a long move upside (green lines).
Another option is that we just finished subwave (a) and now in correction before another drop down, the final one! (red lines)
Your feedback/opinion is much appreciated!
Best!
UKOIL FURTHER DOWNTREND, CURVES FOLLOWING
Look forward for further downtrend movement below $ 34.10, curves following as Retrograde Mercury in Earth sign this time too strong is in action till Jan, 25
