Volume above average is the secret of this ideaPay attention to the volume average in the period M1 to H4. It indicates the amount of capital invested in selling transactions. The red line is the best position to get in.
Oilstocks
If history repeats itself , this is probalble it OILFor about 100 years it does the same thing as you can see . In 74 they loved to say that the oil prices sized from 3 to 12$ a barrel .... They don't mention that around 80 it was about 119$ an also in 86 an 2000 around 20$-30$ . Now we are around the 30 -50$ , and probable it will stay that way for about 12 years .
Long term DNR elliot wave4th wave could still be underway, 5th wave to begin just before nov at 3.50. 5+?
Royal Dutch Shell trendline holdRDS bounced off the trendline support by closing above it. I am expecting a bounce or breakout from this resistance/support area we current are at.
interesting relationship between insy and wllim not going to add more oil companies because this is based on my personal stock picks atm. Just take a look at that price action
RunningAlpha Upgrades Commodity Markets Update to Priority ListRunningAlpha dot com Capital Markets Intelligence High Priority Update for Monday, May 2nd, 2016
Although $39 and $36.50 remains baseline intermediate to long-term support for Light Crude Oil ( in reference to June Contract Pricing ), the recent advance upwards has opened the door for a further short covering rally upwards to $62 to $65, and perhaps $74 to $76 levels if on a spike. Bullish window for buying on dips extends into at least June period -- this also applies to Brent Crude. Russian Stock Market ( $RSX ) looks bullish during this period. Oil and Gas Drilling stocks will likely continue higher on balance -- particularly a core position in stocks like $PBR.A would be sensible, which should also benefit from a continued bullish run in Brazilian Equities ( which I expect Brazilian equities should trend higher into the summer, and again later in the fall to close out the year much higher ). Among many other equities in Latin America, $ARCO and $KOF also have a strong bullish bias with sentiment conviction windows extending into foreseeable future.
Other Commodity Markets showing very significant sentiment strength going forward are in the Agricultural complex -- Soybean, particularly Soybean Meal $SOYB, Rice, Corn $CORN, Cotton $BAL and Coffee ( $JO is ETF -- when above $18.02 and especially when trading above above $19.00, then $27 is interim target ), and even wheat to some degree. Equities that would benefit from a rise in these commodity markets should have a tail-wind. Silver and Gold stocks, which RunningAlpha.com has been bullish on for a few months now, still shows signs of strength on pullbacks. Sourced from premium sentiment conviction list on RunningAlpha dot com
CL1! / OIL AHEAD OF DOHA MEETING SATURDAY 16th APRILThe Department of Energy reported that U.S. commercial crude oil inventories increased by 6.6 million barrels from the previous week. Gasoline inventories decreased by 4.2 million barrels last week.
Technically,Crude Oil is manages to cross it is previous resistance of 42.25 but did not manages to sustain above the level and showed short term correction.In 4 hourly chart crude oil has formed double top pattern and having neck line at 41.20 & trading below the 21 DMA .Sustain below the level can show selling and can test the level of 40.60 & 40 with the resistance of 42.40
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Crude oil going higher prices. Part 2This is part 2. On weekly basis.
Look at the divergence here. Prices has falling since 2014, many oil corporations are having difficulty. Presenting lower profits and so on. Rig counts are falling dramactly in US. That can press oil prices up since more oil rigs are shouting down. I think many of you already are aware of the fundamentals on oil, so there is no need for presenting everything.
Look at MACD. It goes higher as prices went lower.