Last Friday there was a unilateral rise of more than 20 points, which is not large in terms of magnitude. After all, the one-day fluctuation in previous years was 30 points. Crude oil prices have been rising for 3 consecutive months. I think that in The price will usher in a correction this week. There will be a certain degree of decline. Share free trading...
Hello every one i said about oil 2 weeks ago now i updated this chart and added new idea about oil ok. as you see Oil can see higher prices and after reaching the specified points can fill its inefficiencies and come down on the other hand because in this chart in the weekly time frame we have meditation and all areas of demand have been consumed can fall well...
💹WTI Crude Oil ⏬ SELL @ 80.99 ✅TP-1# 80.09 ✅TP-2# 79.10 ✅TP-3# 78.10 ⛔️SL 82.00 N.B- If have small balance to trade. Plz avoid OIL trade now. Because market highly volatile. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If...
I'm currently short on Oil by shorting GUSH and longing the inverse DRIP. Besides global economic uncertainty, the markets are still showing weakness and not showing any signs of recovery. Also on the 2 day chart, every death cross or green dot shown on my indicators has always resulted in a massive dump.
An increasingly precarious situation is growing in the black oil kingdom in the Arabian Peninsula. As the clown nation of the US, that has built much of its economy and job market on artificially high oil prices, the Saudis have all the reason to undercut high WTI prices by continuing to ramp up production. While British Petroleum has come to terms with the fact...
I think this is what we are working with here Fam, I'm still long since $37 moved my SL back to $30 thinking to move it back to $28 incase a capitulation wick hits..
From February 2011 until November 2016, a major resistance trend line has kept RSI well below 50. In November 2016, there was a minor breakout, which ultimately failed and re-entered bearish territory. Since August of 2017, the RSI has held above this trend line until this month. After the RSI resistance breakout in late 2017, the trend line has been tested on 3...
👋Hello people! This is the topic of the day. In short video I explained basics of this price action. 👇 Why it is happening! Can I buy Oil cheap now? Global recession?! Will other markets follow? 👇 Not really. But this is example of Futures trading. And new traders should understand one simple rule — Everything Can Happen! Thanks for your attention! Recommend to...
OIL correlated Currencies being weak, i'm looking foward to go long on Pound against the kiwi Comment: **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decision
Halliburton looks ripe for a reversal here, after oil has dumped to $23 & the stock market has tanked HAL has touched all the way down to massive historical support and rejected. Buyers have sent the stock from the low $4 level back up close to $8 in a matter of 2 days, The 200 ema on the monthly is around $34 and seems to me like maybe another touch down to $4 b4...
From my charts, today marks the lowest Fibs level that crude oil could go. I do think that this would be the bottom, however.... if it breaks this mark, the next possible level for it to reach could be the low of $10-$12 ... which is alarming for the big O&G companies.. but on a consumer level, that means cheaper travels and other general necessity that involves...
will be looking for buys after price creates a corrective structure.
Looks like a crash setup. Powerful bearish divergence in oil - dropping while gold rockets. Last seen this divergence in 2000, 2008 just weeks before the crashes. Probably not a good idea to sell puts short right now... Fool's rally going for a day or two; if we see a pinbar that would be identical confirmation pattern we saw in Aug 2008. Rally could get as high...
USOIL Oil seems demand to have correction because of close below $64 last week, thus there would reveal downward pressure today. Therefore, around at 63.70 and reversal horizon will be a good situation to short oil. Once if oil breakdown 63.11, the correction will target to 62.77 or more. Support: 62.77 / 63.11 Resistance: 63.70 / 64.02
Looking at the long-term analysis on the 1D view of Crude Oil, it looks like it is headed downward. Swing trade wise, it could still go up to 67/68 region, which you can swing trade if the opportunity presents itself. However, long-term view Oil is headed downward from it's July's high of 74, prices are below ichimoku cloud which is bear market indication. Now it...
Technicals perfectly matching on this charts. Momentum slowing down as you can see on the RSI. On the lower timeframe (daily and below) we recently saw the impulsive oil drop that does not look like it's going to stop really soon. Price may go up towards the 75 level and build up some decent resistance right there before it drops down. The trendline from June...