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Oilbuy

US Oil LongUpdating my idea last week with a lower buy limit order around @65 and TP still @70 and SL near @64. This is based on bullish overall market sentiment on Oil and price arbitrage opportunity. www.marketwatch.com www.bloomberg.com business.financialpost.com oilprice.com oilprice.com Daily: Weekly: Confidence: B (oil is more likely to consolidate at 65 in the short-term, but in the long run it is expected to rise --except if rising US shale oil inventories disrupt the supply-demand momentum as well as fear about another 2008 market crash but this time triggered by oil once OPEC together with Russia, "artificially" boost its price up by extending the December supply limit agreement up to next year)
TVC:USOILLong
by aiza_belle
BRENT CRUDE OIL - BUY! Long Term At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month. Now we've got little correction. But we've got also a strong bullish chanel built from june last year. So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year. And one pink TL. But I think zones and all that stuff could be only a chance for local correction. First target is around 95 $ (pink TL crossing channel), second target 100 $ (psychological barrier) and then mayby even higher? With this speed & movement in this channel we can reach 100 $ level circa september this year. Negation of this scenario: - of course if OIL break down lower range of channel especially in the area of zones or resistance - it could be biggest correction, consolidation or even change of actual trend. - if OIL break up channel- then the appreciation can be faster. I think TA in TF 1 Month could be very helpful too. Check up place's where the candle bodies contact each other in this TF. And check up fundamental economic events such OPEC decisions and oil reserves.
TVC:UKOILLong
by siZ
YOLO: OIL LONGDespite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in the following day(s). Thus I entered a long position at $44.48 with a tp of 45.7x. Still, because of the MACD sell signal sent off yesterday I will not hold this position if all goes bad and will also re-enter a short either way when techical indicators tell me to do so.
TVC:USOILLong
by BigCharts
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