This is what I'm thinking, I received an RSISE on Daily and RSILE on the DXY. But the DXY looks pretty weak so this could be just a dip in crude for buying and the chart forms some sort of I&HS on HTFs. With Goldmen Sachs calling for a pull back and the Fed sounding Dovish about the economy this pull back was needed. I think markets rebound and WTIC heads towards...
If MA 200 (1H UNIT) breaks and oil goes above it, strong buy signal with target 41$. But my privileged scenario is that MA 200 will resist and send oil down to 28.9$ then 27.5$.
The graphs of CRUDE OIL (WTI) and BRENT OIL are very similar. However, I want to show a separate scenario for CRUDE OIL (WTI Scenario for BRENT is BELOW ____________________________ Guys, please hit the like button, and write any comment, this will be the best thanks from your side. !!! Please, dont forget, the content on this analysis is provided for the...
Huge descending triangle on US OIL, I wouldn't expect much from oil other than lower prices. I've mapped out some targets and time frames in blue. This is NOT financial advice.
Short WTI-57.34$ stoploss-58.31$ target1 price- 56.60$ target2- 55.86$
Oil destroyed my previous trading ideas, but now it has bounced from daily support both bottom blue lines, Now price is at 4h resistance green line, if it's broken then wait for retest and open buy if back doen then safe place t open buy is daily resistance level.
WTIUSD SHORT BUY h1 frame crudeoilsetup easysetup trendlines tight stoploss
This is just a rough idea of what i think the market is doing. If you take a look at the chart i posted yesterday after the double top, you will see that market did retrace back to the suggested area before going back down again. I think trend is going to change soon, when exactly is what we're all waiting for. Enter and exit at your own risk. DISCLAIMER Please...
Oil has hit a resistance at 63.77 but there's no certainity that we have a trend reversal just yet but i do believe we have very good shorting opportunities as i am short biased hence i won't be recommending any buy for now. You can short and TP at any point identified on the chart. My labelled zones are only a rough idea of where i think the market may touch....
API data released at 4.30pm EST on Tuesday show a "surprise" build, however, with expected weakness in hard data there should be no surprises. EIA data will either confirm or deny API's release.
WTI Oil is currently on a major supported and the price has been respecting the uptrend line. It is forecasted to breakout to the downside according to the technical analysis as the bulls are running out of steam in addition to the major resistance handle. However, if the price breaks through the 52.50 handle, another setup will be posted. Trade Levels: -...
Idea: WTI short to the next 4hr support area with possible further selling. Looking for downside to 53.52 DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade...
Short term corrective pattern wave b on going to be complete @ 50. Enter short with the target os 44.50.