Hello,Traders! USOIL was falling in a Strong downtrend and oil Is clearly oversold so as the Price is making a rebound From the horizontal support Of 81.78$ I think we will see A further local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI might give good opportunity to buy above 41.30, if trend line is not crossed over then we might see more downside
I'm bullish on USOIL / XOP and XLE , and think SWN is a good way to play it. Monthly MACD shows strong momentum and is still building.
USOIL Long idea. Wedge to higher prices? We are in an uptrend. Good luck to everyone and may the profits be in your favor.
No surprises there. The long-term correction in Oil is now due. In the end the US Dollar will prevail. expect the Oil to re-affirm a bearish tone at those highs.
WTI Crude Oil correlated with DXY Index - BucksBarrel
After the dust from roll over settled and evaluating the new front month contract CLU2016 i got this idea for a long.
Yes i did see the big drop after eia, what i did not see however is a new low. I also noticed we got stopped by the upsloper's MLH. This i why i went long for C. I will of course monitor and lock in profit whenever i can because crude... is crude :)
Crude did not roll over and die after breaking the uptrend. A BIG emotional candle after a disappointing eia report broke the trendline dating back to january, but what puzzles me is why it did not break down further after the retest of that line from the back. Maybe they are anticipating the BIG DRAW eia report on wednesday and therefore hesitant? Or is this...
We are still following the downsloper but coming up on three major supports: the uptrendline from the rally going back to january, the lower TL of the big falling wedge and the horizontal support off the 45.80 area). Also price action is becoming wedge-like and squishy. If we bounce back and retest i might become a buyer here. Prerequisite would be a zoom and...
Crude bullish divergence in H1 RSI #WTI #Crude #USOIL might go back above 47 US$ before further decline into lower 40s...
Monday price action will be telling for the direction of Crude oil this summer. Will we repeat last years drop (started around this time) or has the balance truly shifted? Crude has no more room for messing around so we WILL know this week :)
Oil is set to break out. It will tell us which way very soon.
WTI in the range. If cross above 48,41 look for buy. If cross below 47,50 look for sell.
Long 9.66 -9.81 area. Tight stops if scalping. Rinse and repeat. Breach of 9.64 could be a ss trigger.
Overview : US oil surges 6.2%, closes at $31.48 a barrel after a group of oil-importing countries said energy stockpiles will grow at a slower pace on monday. On Technical charts, Very Short term trend of crude is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is...
This is a simple overlay of MPC and INDEX:OVX . The chart is self-explanatory. I'm not saying these two will cross, but so long as they converge, it is a good sign to be long MPC. The stock itself is oversold. It has lost half it's market cap since early Dec. Since free-falling, it has found a nice bottom at $29. Buying MPC in the low $30s and holding until...
NYMEX:CL1! completed a Butterfly Pattern, and has started to increase for 2 days. Additionally, it seems like a potential Cypher Pattern. Combining two patterns, there is a strong signal that WTI Crude Oil will keep going long. Enter Price 31.15 SL: 29.23 TP: 33.08