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Oilprices

$FRO About to hit the Bullish WaveFirst off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, Frontline as an oil tanker transportation company was bearish recently given a decrease in the demand. The demand curve went down given the time period we are in, which means I am positive for a short threshold crossing that can lead to a bullish run. I think overall a long call potential can be there despite many of the sell ratings saying otherwise. You have to keep in mind the current resistance top is likely to drop as this is related to a problem its current market segmentation is facing.
NYSE:FROLong
by gamer456148
WLLZoomed in on WLL we can see that downside risk is very limited and upside potential is epic. The 200 EMA 4 hour is at $4.34 200 EMA D1 is at $8.55 Price gaps from $28-$26 Price Gap from $26-$24 Price Gap from $14.67-$13.56 52 week high $31 Oil storage facilities will at full capacity by June if OPEC doesn't make supply cuts. Descending Triangle top line being tested repeatedly. Break out seem more likely. My bias is that the bankruptcy filing is already priced in along with the crash in the oil market. The price of this stock has been destroyed and as we already know smart money gets out way b4 retail. So the dump from $60-.29c is in my opinion proof that all these events are in fact priced in.
WLong
by Big_Mike716
7
BRENT CRUDE OIL (UKOIL) (BCO/USD) 4-HOUR TIMEFRAME LONGThe price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year and the Kashoggi murder. But let's focus on the now. In order to enter a short, traders can wait for a retracement to the 68.46, which represents a previous support/resistance level. If you have been living in a cage, then you probably should know that OPEC stands for the Oil and Petroleum Exporting Countries, and they are the cartel controlling crude oil prices and supply. In the centre of this cartel is Saudi Arabia, which is the largest producer of oil worldwide. Muhammad Bin Salman, the crown prince of Saudi Arabia hopes to raise prices of oil for the benefit of his kingdom whilst he comes under constant pressure from westerners like who believe oil should be sold for peanuts in order for them to continue using their dinosaur fuel-guzzling Chevys and Ford trucks without feeling the wallet crunch. Guess who is at the centre of the "oil prices must fall movement"? Yes, you got it right, none other than Donny Trump!
TVC:UKOILLong
by munyaelliott
Oil by reaching above $64 per barrel on 16 Feb 218.This chart correlates heavily with that of the value of the Japanese Yen. This is why we see a deep dive for Yen as it has less supply. Thus, a strengthened Yen against the USD. This is probably why Oil prices increased sharply as it was due to the weakened USD. In the eyes ot 1 OPEC this would be called price stabilization efforts. Although I see them as a clone between Bitcoin Private, and Bitcoin core. So far prices have remained stable in favor of KSA.
FX_IDC:USDWTILong
by baronbloe
2
Top of the WaveWell it is finally here.. We have reached the date of the above green time cycle. This cycle marks the date of significant highs, normanly followed by a sharp break down. This cycle has remained acurate for last 3 years (we are entering 4 year) and it remain spot on. The Green time cycle shows the dates when oil stops a bull run. Even in a bear market, there will be bull run leading into this date... On this date we see the high. Even thought I only use this to predict the Week of the event (break to bearish).. It has been acurate to the DAY the last three years. As it predicted the break happened on Friday. October 7th. That is six complete cycles going back over three years. Simply put, we have reached the top of the wave until Apex of Red cycle, Jan 20, 2017. Oil is going down. The Red sine wave shows at what point in the cycle oil will be at its low. Think of it as the inverse of the Green time cycle with a different wave timing. The low for oil will be on the Apex date of the Red sine wave. The last apex occurred (and was predicted) on Aug 4. This wave timing longer than the Green time cycle, so you can see it's apex can occur from days to months after the High of the Green time cycle. The difference in time between the two dictates the speed of the fall. This pattern is consistent. Sure... I only make a handful of trades a year, and i normally swing them for about 3months, so why is this important to short term traders.. Because if you know the direction for the next few weeks or months, and you know any spike up before the Red sine wave date will be reversed to at least the prior low since the Green time cycle date. All of last years gains where based on these trades.. I will be updating our other published ideas to consolidate them here. All are subsets of this cycle chart. If you have been following you know we are on a longterm big short from 47.10 You also know we made the trip from 40'ish to above 47 twice and our longterm shorts are still underwater. You also know that we also swung short-term shorts for +21% profits with a 1week trade. Neither of these cycles predict price, just course and direction. Our target remains 38 WTI by Jan. 20, 2017. No do overs, not yea buts.. We feel oil will bottom on this day for cycle, and although it will take a few days to confirm a top, and could test 50 this week, we feel this marks the end of this last bull run of the year.
TVC:USOILEducation
by BigEz
24
WTI Crude Oil - Geometrical inverse and reverse Head & ShoulderThere is what I think the WTI crude will be coming from blocking all the white noise that are in the market, whether its political or just mere downright governance in theory. Judging from just technical aspect of the 10 years historical relevant to the hypothesis of the inverse and reverse head and shoulder formation. Geometrically, predictions via time and scaling, in November - January the price of oil should stride to $62.25
FX:USOILLong
by tyc708