Oilforecast
TRAILING CRUDE OIL PRICE ACTION- WHEN TO SELL!Thought I should make another crude oil analysis as market did hit the top of the channel line which i am expecting a drop from here, however still waiting for my last signal on the 4 hr view for downside confirmation.
Here is my other crude oil analysis which you should find quite informative;
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
UPDATE: TRAILING CRUDE OIL PRICE ACTION- WHEN TO SELL!This is an update to last audio post on;
DISCLAIMER;
Trading carries risks, do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
CRUDE OIL MARKET ANALYSISWhat you need to know about oil's current price action explained right here.
Also check out linked idea on oil market below, an even earlier and broader analysis.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
CrudeOil Bullish Structure ConfirmationHere we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014.
Quick summary why I'm bullish in the next weeks:
1. Overall bullish trend
2. Consolidate and form a higher low
3. Failed breakout lower, breakout higher
My next target is 75.50, and if we really move then 80 and 90 are still possible. The announcement of OPEC's higher production limits this Friday potentially puts a limit on the overall trend. Higher production with relatively constant demand (I mean we didn't just start needing 600k/day barrels more oil overnight) should weaken price. Will need to see this in the charts before I give it much weight.
So what do you think? Am I crazy to be so bullish? We've already moved so far...will it keep going? Share with me your charts, ideas, and comments! Love to hear other traders opinions!
Peace, love, and sweet bamboo,
tbp
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.