Long US Crude Oil @ 52.90; TP @ 56.00, SL your choiceLong US Crude Oil @ 52.90; TP @ 56.00, SL your choice
Uscrudeoil
US OIL - Weekly chart - Bigger timeframes calling for big upsideCrude Oil - Weekly chart - I see crude trading in a bullish structure respecting weekly and monthly demand zones and looks like it can pull back upto 70s to test a fresh weekly supply zone. Lets see how this plays out!
EIA is going up, the price goes down!We expect the EIA United States Crude Oil Stocks will be -2.782, the previous was -6.912 M.
Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect.
In the other hand, The price should fill the gap after the Aramco attack.
So we expect the price hit 56 $ for tonight
Have good trade
Just see and decide Hi Guys
Last night I warned "DO NOT HURRY YO BUY" because the channel 54-56 and the black trend line
Less than 24 hours you see Why I told you that.
Any way I suggest you if you bought, please set your SL at your entry point or at 53$
My reasons:
1- The Price could test the last down trend line (Yellow). The uptrending channel (Blue) is not sure yet.
2- The Price hit 53$ at 26-8-19 and 3-9-19 and could test again.
3- If The price hits 53$ and makes new trend line (Dotted) we could test the dotted line at many resistance points (1-1 , 2-2). After that we could have a more reliable channel as you see at the graph.
4- We did sell at last two days with respect lines A and B so we consider them also.
So we have a star that all lines intersect each other at that.
Guys! Take care about buying and your SL
Have good trade
Just see and decideLast night I showed my thoughts and we took +290
What we have now?
1- The price will do like the AUG pattern and hit 54.0 (1-2)?
2- The price hit 56 (1-1) that is a strong support so buyers (the leaders have a lot of followers and likes just) decide to buy again and go to 58?
3- The price stays between two black trend lines for one or two days?
3 may be cautious
Do not pay to any body for taking their delusions
Have good trade
US CRUDE OIL long in short termUS CRUDE OIL long in short term:
- The price is at support zone, and I think it didn't break this support, in short term, so this is a good entry for long positions
US CRUDE, cycles is reapiting!It can be another similar movenent of the price.
I dont trade fractals, but Crude is close to Support/Resistance Zone.
We can open Sell in marked Zone.
Potential profit will be in 3 times bigger than risk.
I think 47 coming In oilI think 47 is coming very soon specially in current Maco conditions. Break of 50.3 will make a sure confirmation
WTI Crude Oil, to sell?I think on the next days we will see a selloff on WTI, going down, TechAnalisys.
Us oil is going down or not?Entry Point : 72.55-72.90
Stop Loss : 75.5
First Take profit : 65
Second Take profit : 59
Last Take Profit : 55
Potential Buy OppurtunityPositional BUY Opportunity:
Buy above $66.5 with TP $71.
On reaching $71; it will complete formation of bearish cypher pattern.
SHORT at $71 with TP1 = 32.8% retrace of CD & TP2= 61.8% retrace of CD.
Let's see how it plays.
USOIL30MINS tradeHI, the usoil30mins has closed below 51.76, hence it is now good entry price to short. im not quite sure the target atm, but lets make a stoploss protection for profit if it's profitable before tomorrow's OPEC.
in longer term i expect this pair falling to at least 46. goodluck all !
