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US Oil - 1W - 1st Target HitIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL Time frame: 1W What Has Happened So Far: So this chart was posted exactly a month ago today. What am I Looking to Happen: Although most of the move has been captured, I still feel there is still some more upside (again it is the 2nd target I am looking to hit). Make sure you have a smaller trade size this time though as the risk to reward is not as appealing. Target Profit: Stop Loss: If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
TVC:USOILLong
by SocialTrading
2
US OIL (WTI) - 1W - Bolling Band SupportIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL (WTI) Time frame: 1W Last week I posted about oil continuing on its up trend. Although last week was a declining week I am still looking at it to increase in price over the long term. Why? The Bolling Bands Centre Line is acting like it does when it becomes support. You see a break of the centre line which has already happened, you then see a "re-test" as the line makes a "level off" print. And then from there we will see a further increase. I have also shown on the MACD how I believe it will act, now that oil it starting to pass through the centre line and historic averages, most of the time is does not tend to change direction during the cross over. Again, this week you might see a further sell off but it will be to the bollinger band centre line at 47.75.
TVC:USOIL
by SocialTrading
USOIL - 1W - OIL Sellers about to get angry?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL Time frame: 1W (buy now) I have been watching oil very closely over the last 6 months and have spotted something very interesting on the weekly chart that needs to be talked about. So, one of my main indications of whether a move is about to become a "bigger" move is by looking at the MACD. Currently the MACD is in an up-trending state and it has now started to cross the "centre line" (0). It is still not all the way through it and I think you will see over the next 2-3 weeks a grind higher. I have drawn an orange arrow on the MACD to show this. The first target is right into previous resistance at the 54.30 area. This will be a good place to take profits. The second target will be much harder to reach but will be at the 200MA line on the weekly chart. As oil can be quite volatile I would suggest only using small positions and low leverage where you can!
TVC:USOILLong
by SocialTrading