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Oilstocks

XOM RangingXOM seems to be ranging. Bullish and bearish are extremely ambivalent right now. Currently, XOM is trading at $80.86. We will find resistance from levels from above including the following: 81.91 from volume profile over the past 30 periods 82.34 from volume profile over the past 100 periods 83.06 from volume profile over the past 100 periods 84.40 from highs and lows over the past 30 periods Levels from below will provide support, including: 80.80 from volume profile over the past 100 periods 80.05 from volume profile 79.81 from volume profile 79.56 from volume profile 79.38 from volume profile 78.95 from volume profile 78.77 from volume profile 76.51 from highs and lows over the past 14 periods 74.80 from highs and lows over the past 100 periods 72.16 from highs and lows As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI indicates that we are in a bull trend, but not overbought yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Also, XOM is above the 100 period SMA, which is currently at 81, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX suggests that XOM is ranging.
NYSE:XOM
by quantguy
CHK could be turning?I believe CHK could be starting to turn the ship around from it's year over year declines. There is also a big oil & gas conference in Texas this week. This is a low-risk trade with big upside potential. The demand for global oil is continuing to rise. Once the surplus ends that we currently have this stock is bound to take off. The chart is starting to show a minor wave formation. I initiated a trade at $3.10 with a stop-limit of $3.05. I will keep you updated. Stay thirsty my friends, AB
CLong
by FibMarketWatch
OIL Elliott Wave Analysis: Extending to the DownsideHello Traders, Short-term Elliott wave analysis suggests that the bounce to $70.44 high ended blue wave (2). The internals of that bounce took place as Elliott wave double correction where red wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the red wave X in 3 swings. Then a bounce higher to $70.44 high ended red wave Y in another 3 swings & also completed blue wave (2). Down from there, the decline is taking place as Elliott wave impulse within blue wave (3) lower with the sub-division of 5 waves structure in red wave 1, 3 & 5. The initial decline from $70.44 high to $66.92 low ended red wave 1. The lesser degree cycles within that decline also unfolded in 5 waves structure & ended black wave ((i)) at $69.91. Black wave ((ii)) ended at $70.22, Black wave ((iii)) ended at $67.31 low, black wave ((iv)) bounce ended at $68.15 and black wave ((v)) of red 1 ended at $66.92 low. Above from there, the bounce to $69.92 high ended red wave 2. The internals of red wave 2 unfolded in 3 swings as Elliott wave zigzag correction where black wave ((a)) ended in 5 waves at $69.36. Black wave ((b)) ended at $67.87 low and the bounce to $69.92 high ended black wave ((c)) of 2. Down from there, red wave 3 remain in progress in another 5 waves and as far as bounces fail below $69.92 high and more importantly the pivot from $70.45 high stays intact instrument is expected to see more downside. We don’t like buying it as the right side tag is lower.
NYMEX:CL1!Short
by Elliottwave-Forecast
1
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FX:USOIL
by fibonacciaustrian
4
CEI News of Debt SalesCEI along with other oil stocks were up in trading today. Looking at CEI levels here is where we stand for support and resistance based on its price history. The name of the game here is compliance. In order for CEI to be listed past august it needs to get its share price at $1 per share. In order to remain compliant they have sold off there debt and made there financials more attractive to investors. Volume for the day was enormous at about 24 million share. Bullish momentum continued into ah.
C
by luckeyma
Exxon_(NYSE: XOM)_May_14_2018The Exxon stock suffered setbacks after the Q1 earnings report where it emerged that the revenue did not grow in line with rising oil prices. Furthermore, the debt burden was quite huge at over USD 30 billion. Compared to competitors such as Chevron, Royal Dutch Shell, BP, XOM was lagging in key metrics. This triggered a sell-off that brought the stock price to almost 2 year lows since oil prices crashed. Now the stock has surged past two key support/ resistance levels and there seems to be a bullish support underneath. However, if the oil price rally does not continue, I expect XOM to fall to $75-$80 trading range. On the other hand, if the oil price stays at current levels or move higher (which I doubt as the oil market itself has fundamentally changed; lot more focus on renewables and with shale oil, it is beneficial for the producers to just keep pumping more), I am confident that XOM will be soon staring at $90. I am bullish on XOM in the long term. In the near term, I would wait to see if the price holds up at the key support level before taking on a position around $79-80. I will also wait to confirm that the slope of the 200 day SMA turns positive. The 20 day SMA has crossed the 50 day SMA in a bullish manner. For the confirmation of a long term bullish trend all three SMA need to have a positive slope with the short term SMA crossing the long term SMA.
NYSE:XOMLong
by advisacorp
USOIL - SETUP - WEEKLY CONTINUATION - 7 MAYWELCOME TO DACAPITAL TRADING!! USOIL just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Last Candle closed above Previous Week High and took out all Highs forming new one. DAILY Bullish Daily Candle forming after last few days exploding price action with trend continuations. WEEKLY Following Short/Mid and Longterm Trend, very bullish Price Action over the past few Weeks with several Highs and HH/HL Structures formed. LEVELS Entry @ 70.55 SL @ 69.80 (74 Pips) TP1 @ 71.26 (RR 1.0 = 74 Pips) TP2 @ 71.64 (RR 1.5 = 110 Pips) TP3 @ 72.03 (RR 2.0 = 150 Pips) Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
NYMEX:CL1!Long
by DACapitalTrading
4
Oil short target 62. When it breaks long: target 70. I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! ------------------------------------------------------------------------------------------------------------------------------------------- What about my ' Cycle phenomenon' ? read here: My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Don't forget to follow me, so you get updated when I post new analysis. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOILShort
by Rich_Exclusive_Trading
When Oil break $64 we go short; when break $65 long. ------------------------------------------------------------------------------------------------------------------------------------------- My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOIL
by Rich_Exclusive_Trading
Oil long $62.90 or $60.40 ($61.15 resistance short) best to waitOil chance to go long to $62.90 or short to $60.40 between the horizontal pattern now. ($61.15 is a resistance within the short-range) best to wait now. The Oil price is exactly between two bollinger bands , which means price- fluctuations and opening positions most of the time means losing money. ------------------------------------------------------------------------------------------------------------------------------------------- My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOIL
by Rich_Exclusive_Trading
When Oil breaks $62.85 possible long to $64. Sentiment importan When Crude Oil breaks $62.85, it possibly goes long to $64 area. The sentiment on the market is very important before opening this trade! The exact right moment to buy and where you put your stop loss and take profit are very important to be successfull in making money with trading Oil. Oil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment today (Monday 5th of May 2018) made it a hard day to trade Oil. I prefer not to trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are the most interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! If you lose, the damage is small, but if you were right, the profit is good. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOILLong
by Rich_Exclusive_Trading
Oil is still bullish. As long as we are not breaking 59 dollarOil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd! The orange line is showing which point is the position we open a trade. Stop loss position and take profit position are very important! My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Trade on technical-chart analysis! not on news and volatility! Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! Now, I see a opportunity on Oil. The chart is horizontal but the upper horizontal resistance was broken at $59 dollar. I have pointed out the breakingpoint with the black vertical line! Last week it retraced, but when it stays above $59 dollar we are still in uptrend! Oil is just in horizontal pattern now. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOILLong
by Rich_Exclusive_Trading
Oil is still bullish. As long as we are not breaking 59 dollarOil is still in bullish position. As long as we are not breaking 59 dollar I still believe we are in uptrend and the price can rise to 75 dollar. We have reached a critic point last week, but the week ended positive. The sentiment next Monday will decide if it will be interesting to open a long cfd! The orange line is showing which point is the position we open a trade. Stop loss position and take profit position are very important! My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility at oil, and we lost two trades. The won position a day before was at a steady market. Trade on technical-chart analysis! not on news and volatility! Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! Now, I see a opportunity on Oil. The chart is horizontal but the upper horizontal resistance was broken at $59 dollar. I have pointed out the breakingpoint with the black vertical line! Last week it retraced, but when it stays above $59 dollar we are still in uptrend! Oil is just in horizontal pattern now. How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
FX:USOILLong
by Rich_Exclusive_Trading