Just a thought, same scenario as Whiting Petroleum after Chap 11 was announced. I remember b c I traded WLL many times from .32c-$3 B4 finally the shares were reissued and investors got F**ked.
Where's all my Whiting bulls at? I know you guys made me famous on TV & now you bull r thinking Im all bearish en shit. But I say no I'm just waiting for this bottom TL on my triangle to be tested. I have had much luck with my wll triangles in the past. I mean when I set a bid on that Triangle BTL it has been filled 100% of the time and then WLL kabooms back over...
Looks eerily similar to WLL, just bulls have been trying to send the price up, which I noted on the chart under the RSI comment. I think WTI is heading back to $20 Fam, maybe not in a straight line but I think the WTI price is showing weakness and all the shale Companies are showing signs of that weakness
Brace yourself for impact, looking for double bottom on WLL B4 uptrend continues.
#OAS update proceed with extreme caution, could be a small bounce off the TL if u buy use a tight SL set right below that BTL.
Looks to be forming a mega phone here. Please review my WTI & OAS analysis. Attached to this post
Does anyone see the issue with this? Gap UP TWICE in less than a week.... in a very overbought state can only mean one thing.....right??
I am loving this chart here guys, I did a fractal from 9/2017 support up to resistance on June 2018. This channel has been established since 2016 and if my chart is correct WLL should make a run to re-enter the channel. Even if WLL fails to get back into the channel the upside is massive and there is almost 0 risk. If the oil market does in fact turn down towards...
Zoomed 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...
Oil fell to a 4-year low as Saudi Arabia launched a price war on Saturday with the announcement of plans to increase oil output next month, looking to boost total output above 10 million barrels a day. This will be the largest reduction seen in oil price for foreign markets in 20 years. www.bloomberg.com This comes as China, the #1 importer of foreign oil,...