USO
Wave pattern on the crudePossible downside move into the end of April, then the next left up into June
LONG OILOIL breaking out on multiple time frames. Monthly looks to be suggesting a run to 78-80 level. Would be a great set up for Saudi ARAMCO IPO..... since they made production cuts to bump the price....
Two Irritating ScenariosHi guys. Nobody likes two sided charts but here it is. I'm short since yesterday and still keeping my original target per my previous USOIL post. These two scenarios are based on the open interest for mid March. Question everything everywhere and every time. Imvho. Have a nice day.
Oil Big POW short13 cl direction s Feb 16 2018 entry price 61.58 comments open new short
also will do a long put may 53 for a .59 debit
and short a 68 call for a .45 credit
USO LONG SWING TRADE
I'm taking another long swing trade in oil in line with the powerful up-trend in this market. We may look to add on further price retracements toward our stop, but we will not take on more risk by lowering our stop.
Quick Scalp Short $CL_F. First touch of what was lost yesterday.Shorted 65.86. Looking for 65.2ish today. Will short heavy at 66.3ish if it prints first.
Forecast for $NOGGoing to see some more sideways action for at least 7 more days before eventually running up. I'm holding, +70% gain so far.
Crude $45 by April/May 2018Revising my $69-70 target down to $65-66.
My Original idea from July 17 - was Crude would reach 69-70 by late Spring early Summer.
Time for oil to cool offAfter an impressive run in oil, it looks like its time to consolidate. i think the mid 56's look like a nice place to put the next bottom in. should be a nice trade with dwt
Imagine the narratives if crude rallies $20 higherLog based channel on WTI. Meanwhile everyone is bearish. Held mid channel multiple months in a row. Bullish
IHS on CrudePotential rally breakout IHS in crude. Normally don't like IHS patterns but this one looks legitimate.
Massive breakout potentialMassive money making opportunity in oil, inverse H/S looking to potentially breakout... Buy anything over 50.40 w/ next resistance is at upper 50's
I'm day trading/ staying short looking for 49.38 before moving in to a long position.
Update for the week I decided to go back to the basics and pull in the classic Fib into the image.
I see more downside in the near term, but I also see potential for more short squeezes' The market is extremely volatile.
Trade with caution
Short Crude OilThis is the intra day tick chart. There's are my first trading view publications so please have patience while I learn their system. Hope you all have successful trading!
Oil definitely lower at this pointSpent too long flopping around below $50 here as well as broke a volatility contraction pattern to the upside then immediately kicked in the bucket and sank below the funnel level. Short term back near $47
