USOIL Still bearishHi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Usoilidea
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.
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USOIL Choose short entry 54, SL -55.00 It has been quite long that we did not do any OIL trade
since the last time break out(52.5).
But on 23th Feb I found a structure that has reach pressure zone.
And we tried to sell @54.7,and closed @53.5,got 120pips profit.
54.00 is the previous support and now become resistance.
Choose short entry here, SL above 55.00
Aim 51.5 !
I hold a point:Good charts does not more words to explain! Good luck!
The process of losing all margin in generalThe process of losing all margin in general:
1 the first few deals are profitable, usually at 1pips to 10pips
2 traders feel good, I think the correct rate is 100%
3 start a new transaction, in the case of 100% confidence, no longer set SL, and then began to float loss.
US OIl - SHORT Price is looking to go reach 45.57 bare minimum. Possibly will bounce from at the level.
Or it could go further down 43.46.
will see how the price will take place.
GLGT
Short it the safe way!I think we now have a better chance to short oil!
It reversed on major resistance, crossed the trend line and the 50 EMA. You can sell the correction or the bearish flag. Or you can sell the failure of resistance retest. This is in my view the safest way to short Oil on this level.
OIL SELL TRADEON THE DAILY WE HAVE A STRUCTURE WHERE PRICE HAS BOUNCED BACK FROM THE 43.00 FIB LEVEL.
ALSO THERE IS A SQUEEZE MOMENTUM PATTERN WHERE PRICE WILL MOST LIKELY FALL TO PROFIT TARGET 40, 8 AND PROFIT TARGET 33.63.
ENTER TRADE JUST BELOW THE 43 FIB LEVEL WITH A STOP JUST ABOVE 44 LEVEL.
PRICE SHOULD AFTER THAT TEST THE RESISTANCE TREND LINE AND FALL TO
PROFIT TARGET 1 40.80
PROFIT TARGET 2 38
PROFIT TARGET 3 33.63
AFTER THE BREAK OF EACH PROFIT TARGET DOUBLE UP ON POSITION.
/CL - Comex Market Analysis and Trading Tips - 28th June 2016Overview:
The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the level of $46.50. On its 4 hourly charts, MACD is sustaining in its negative territory and RSI is sustaining in its selling zone indicating the upcoming bearish trend in the oil prices. On an intraday basis one can go for sell on higher level strategy.
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CRUDE LONG WEEKLY VIEWWe expect CRUDE to rise.
STOCH RSI is rising.
RSI is rising.
CCI is rising.
We expect crude to stay long above: 34.77 SL: 34.48 TGT 01: 35.59 TGT 02: 35.91 TGT 03:36.91
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
USOIL ::: SHORT ::: REVERSAL CALLUSOIL is expected to sink now.
There are many reason why we feel it may sink.
01. It is trying to touch Tgt 01. of quarterly short level of 29.66
02. HAMMER in daily Chart.
03. To sink and come near quarterly Tgt 01. sell level of 29.66
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:31.29 with a SL @: 31.71 Tgt01: 30.06 Tgt02: 29.66 . Please bear in mind this is reversal call. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
