Oilprice
Oil fall by 6%Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
Prices weakened amidst declining demand. Prices are holding for dear life below the monthly support line.
Ascending triangle implying a breakout of UKOIL Hi Traders
Ascending triangle on UKOIL on the daily implies a breakout to the top. But fundamentals are might not backing it so the risk of a fake breakout is very relevant. I will make it dependend on the strength of the breakout candle wether I will enter a trade or not.
Inter-commodity Spread (Dec20 +RB -CL)Looks like a good opportunity is coming up on this one. Fading the Dec20 RB(buy) CL(sell) Combo IC spread by selling into strength seems reasonable.
WTI/USD : Buy on Breakout Confirmation Looking Potential Movement Buy on Breakout confirmation.
ThanKyOu
Divergence in Brent Price and RSI indicator?Are we seeing clear divergence between the price of Brent and the 14-day RSI over last couple of months? Check out my video and let me know what you think?
With the recent double-top, I'm thinking there's got to be a strong case for a Sell position here...
SELL USOIL SHORT-TERM TRADE 15MINI expect that the price of USOIL will go down , so this is a great Oppotunity to open a Sell Position for traders whor trade short-term
I HOPE THIS ANALYSIS BE FAILDHI EVERYONE
i live in iran and our economy based on oil so if the price goes up we will be happy :) but the price is on 61.8 fibo lvl and WE SEE tenken and kijen sen cross so this is possible that price goes down until about 12 $
Crude oil, drop on OPEC meeting?Opec meeting is coming. OPEC countries are expected to increase the oil supply in the hope of the demand is getting better. We might see drop in oil price to $35.
US Oil Looks Weak and Topped OutTook a short here on US Oil. Decent R:R and at a local top on HTF's (higher time frames) and pushing into a wedge.
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US OIL - SHORTFrom the top of the drop down, Price has just done a 61.8 Fib retracement and i expect a retracement back to at least $25 in order to create some sort of higher high before continuing upward as the recent move has been very much over bought without a major pullback. On the MACD we have a bearish divergence indicating that the buyers are losing steam and pulling out profits. Further confirmation will come once our counter trend line gets broken we will look to enter more shorts after the retest. If price gets back above the 61.8 and creates a new high this setup will be invalidated.
OASSo my conclusion is watch and wait, this could be the beginning of a greater move down in WTIC back to the $20 handle or this could be the area where oil makes 1 last pump B4 that downward move I spoke of. All we can do is wait. I will say the fact that OAS hasn't really moved much while WTIC pumped off $38 is a bit concerning.
Ascending Triangle on BRENTHello, Traders,
BRENT is close to breakout an ascending triangle after a couple of days of accumulation.
The entry point is on the breakout or pullback.
Be Careful with SP500.
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US-OIL : Looking For Big Drop in downsideWatch correction or sell at current price and mention SL Prev Swing High around 40.85
ThankYou
USOIL 37.77 -1.24 % LONG IDEAGood Day Everone
Here's a short idea on the USOIL , looks like price might continue to push down looking at technicals, we saw the price breakout of the ascending channel/ rising wedge wich could signal that the trend could reverse as we had lower on oil price struggled to push above 39.23 lets see if price continues to rally down on OIL looking for short entries...
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Target 1 - 36.03
Target 2 - 34.63
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING
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IF you like the idea kindly leave a like, leave your idea in the comment section on the pair & comments welcome....
