WTI (Crude Oil)
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
Will oil be bullish? 20 june 2019There is a break of LHLL structure. If 53.76 hold and forms a lower high formation, we can expect oil to go higher. Watch 53.76 closely.
WTICO USD SELL (WTI CRUDE OIL - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
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.
WTICOUSD, Sell on H1.H1:
- Structure: Downtrend
- Tendency: Strong downward
- Below resistance daily
- Tesst resistance daily-> Give signal on H1
=> Sell
( Continuous downtrend )
WTICOUSD, Sell on H1.H1:
- Structure: Downtrend
- Tendency: Strong downward
- Below resistance daily
- Tesst resistance daily-> Give signal on H1
=> Sell
( Continuous downtrend )
WTI CRUDE OIL - DAILY CHARTThe next support is 51.157 and then 44.232(likely end wave C (2)). The buyers are here.
WTICOUSD, Continuous downtrend: Sell H4:
- Structure: Downtrend
- Tendency: Strong downward
- Below resistance Weekly
- Tesst support H4-> Pullback
=> Waiting signal=> Sell
( Continuous downtrend on H4: Swing trading)
WTICOUSD 3.29% decrease followed by 18% increase...WTICOUSD 3.29% decrease followed by 18% increase. The rate correction level is 60.1 usd. I'm waiting for this level to test back and then rise. I expect a rise in a double wave structure with a first resistance level of 66 usd. The current motion target price is 70.8 usd.
WTICOUSD exchange rate before 9% decrease... The WTCOUSD correction level is 55.69 usd. I think that this level is tested by the exchange rate. Then I expect an additional long-term rise.
Down?Price has stalled and we may be seeing a H&S. Multiple rejections before 65.00 could be a sign to take a dive. Price would need to break 66.00 with conviction to signal a bullish continuation.
