Buy cheap. Sell expensive. Buy fear. Sell/short greed. I don't have an established trend here but I like energy long term. Now let's hope that ETF's don't collapse.
3/10/20 I am looking for at least one more low to around 22 for now.
Needs to bounce here soon otherwise may go straight to 17-18 area
nothing happens until happens. just seat and wait
I also do not think we are finished moving down with Oil. I think we are in a complicated expanding ending diagnol and can reach $47 range in a week or so
Huge chances to go up from here.
I dont see oil going above 65 unless some major event happens. If crosses 67 then its a breakout and oil can goto 100 as well. But who the F care so much. Play for next 3-5 months only.
there is a strong support here. i want it to o there in next 2-3 days and let all weak hands go away. Load all oil stocks big time at 48 for long term. Lots of places, oil production is reduced and stopped. Automatically DRAW report will come soon and this will be ready to fly high. I dont know long term how high can it go but targeting 48 as lowest near future.
US has been in an extreme bearish trend for the past few weeks. If price breaks below 52.00, on a technical basis, we may expect price to fall towards 44
Loses 50.51-51.00 support area and recession closer than many think
Follow this wonderful arrow with us We previously achieved nearly 100% as profits And now we have very important support at 10.53, we should not close below it A bounce of green is expected if the bounce occurs and support is maintained The target is close to 24 It means another 100%
OIl has been pushing price up steadily for the past weeks. Will price go higher or can price come back down? We'll be monitoring price in our circled area
How much higher will we go? Price has printed a rising wedge pattern indicating exhaustion in the market. We will be waiting for a break of trend with corrective structure to the downside.
Last week we had a massive push to the downside breaking the trend line support. We may have a pullback/retest to 56.25's before we make a further push to the downside. If price indicates sell confirmation at retest, we will be entering short positions.
Price has broken out of our H4 ascending trend line. We will be shorting oil if and only if there is added confirmations to show this is a true breakout. Price is below our 180 ema and resting below the 55.50 resistance. Looking to target 53.70 's
Oil this week was ranging between key levels 56.25's to mid 57's. Price finally broke through our key level support of 56.25. We are expecting a retracement/retest back to this level before price may further sell off. Looking for sell positions at our retest zone if price gives confirmation. If price continues to push downwards, we can expect prices to hit...