Usoilbuy
US oil has rejected its support many timesRepsected followers, as we can see that US oil is rejected it's support level many times because seller try to let it down but failed. Buyers are coming in the market, so be ready for big profit.
USOIL possibility to bullishRespected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
OIL is acummulating at the begining of the 5th bullish wave!!!Profit Target:
67.52
68.14
Stop Loss:
66.22
Have a nice day
US Oil LongWith the recent events in Syria, US crude oil inventories being reported lower than expected, and top it off OPEC's effort in cutting production together with Russia until December this year (previously only up to June 2018), as well as breaking the 65 resistance (as shown in the Daily Chart below), setting a limit buy order with TP @70-80 and tight SL @66.5 (might re-enter near 65 once bullish confirmation exists and if ever price bounces down this week).
oilprice.com
www.forbes.com
www.cnbc.com
uk.reuters.com
Daily:
Weekly:
Confidence: A (price might consolidate by the end of this week, but based on both fundamentals and technicals, it will more likely continue to be bullish in the succeeding weeks)
USOIL - intraday buying spotWas out from the last position after a sharp move down and now looking to buy inside the day using fibs + support + waiting for the false break .
Keep looking for the low risk high reward trades.
Best of luck :-)
CL Monthly Technical Outlook - 9th July 2016From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs.
In the near term, oil prices could remain range bound within 48/49 and 44/45 levels.
www.tradingsignalreviews.com
YOLO: OIL LONGDespite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in the following day(s). Thus I entered a long position at $44.48 with a tp of 45.7x. Still, because of the MACD sell signal sent off yesterday I will not hold this position if all goes bad and will also re-enter a short either way when techical indicators tell me to do so.
oil long advice on Strong support and FiboOil Trading around 49.9 level facing Strong support around 0.236 level which is 49.66 it can back up from cmp 49.9 or from 49.6
Advice buy oil in range of 49.9-49.5 sl below 49 and tp1 50.55-51.55
Long for medianNo follow through on drop, even after retesting broken TL from the back resulted in squeezed swings, that left the downsloping median set without reaching it's median. Now the last of the swings got zoomed and is currently being retested. A long postion shooting for the median seems like a good idea to me here. Sl underneath last swing.
USOIL. Short term potentially into long term USOIL has raided into daily OB. retest the breaker. upside target
USOIL. Monthly analysis very strong heading northFurther long possibility, we will wait if price breaks 50.48 then we can hopefully see 55.92. ( FIB level )
we will and observe let the trade co me to us.
trade safe
