WTI (Crude Oil)
WTIC/USD West Texas Oil Consolidation Phase 66.171 VS 51.241 Hello Traders, WTIC/USD ( West Texas Oil ) Looking at a larger Consolidation / Corrective phase ( 66.171 VS 51.241 )
Blue: possible to make another high within this impulse to complete 5 waves ( 60.013 )
Yellow: Continuation / Corrective Pattern ( 60.013 vs 54.297 ) for another impulse ( blue ) to retest previous High's
and possibly complete a flat for another impulse down breaking the Lows ( Green )
Crude Oil Intraday Trade Setup. 28/06/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need more like for my effort.
For Monday Intraday View and Targets i want 10+ Likes.
Intraday Trade View:-
My View Short in Morning Session.
if rejection happen in 59.10$ - 59.20$ zone means short confirmed as per my view.
Targets:-
Short Targets
58.85$
58.74$
58.54$
58.04$
57.54$
Long Targets
59.35$
59.45$
59.66$
59.76$
59.96$
Hurry Like and Support Me.
WIICOUSD SellDear Traders,
please, follow our comment on the chart.
thanks,
Important
The analysis and ideas published here, not an investment recommendation or any call to buy or sell, is merely an analysis and a vision based on the study of the history of price movement and behavior which may not necessarily be the reason for the success of the analysis and the model and its repetition and thus the probability of success is quite equal to the probability of failure .
So, please make your decision based on your pure vision.
Publishing is for the purpose of exchanging, correcting and comparing ideas.
in case the market moves with the direction of the analysis and achieve the first objective, there are options for you:
First: close the deal and receive the profits.
Second: Close the half of the contracts and put the stop loss on entry.
Third, the stop loss is moved to the point of entry and waiting for the remaining targets to be achieved.
To protect capital and succeed in managing transactions and thus successful trading should not exceed the maximum potential loss in each transaction for the same currency or commodity and in the same direction (2%) of the value of the portfolio.
Good luck and good profit.
If you have any opinions or thoughts about the analysis we will be happy when you share it with us.
WTIOIL - all the way upstairsTo find reversal points of a market is not easy but still possible, as we have found out using the example of WTI oil.
Analysis "WTI ÖL - Again 61,8% - Only short-term long entry?" from the 07th of June 2019
or
Analysis "WTI oil - Is the trend change for halving?" from April 12, 2019
or
Analysis "WTI - till$ 45, no major trend reversal." from 13th Nov. 2018
Every market has its peculiarities and with time you may be lucky enough to find a pattern. This works as long as some ghostly good, until the diva "StockMarket" flips, new patterns emerge and you can start all over again.
So I have no access to the Pentagon or the CIA and do not know in advance of which tankers in the Persian Gulf accidentally (after the US fleet was back) could be attacked :-).
However, the indicators are already overheating so that the profits must definitely be hedged. It should be considered that at first some profits should be taken. If oil come bake, we are looking for the new entry, but not necessarily come, as you can see in the Dax.
Analysis "Waiting for the bullrun": from May 30, 2019
WTICOUSD A Further Sell Down?
Since late April this year, we have seen a sell down of almost 20% on oil. Yesterday, 10 June, we have seen that sellers are still in control to push the price much lower as buyers failed to break the key psychological resistance of 54.00, thus showcasing a sign for weakness for more downside. Hence, target price is first drawn to 50.00 and then towards 45.00, if buyers are still unable to gain control, where potential short covering might take place again.