Wtishort
Rapid downtrend for WTI: I am still short!WTI prices continue dropping along with a rising dollar. I remain short on WTI unless we see a bottom at $ 46 !
WTI: back to 46!WTI prices haven dropped significantly and the violent decline will hit the $ 46 level!
WTI Oil waiting for reportHi,
In 23 minutes, we will have report about Oil stock. Chart is telling us that price should rise. Level 70.50 become strong support.
We have two brown swing look like we should have third rising swing in order to create matrix.
I am ready to trade. Are you?
Good Luck,
Jim
WTI Oil ShortPrice stalled at the 77 mark.
We are now seeing the key 2hr trend line being test
There are two key take profits for this trade
The beginning of a head and shoulders can be seen which should add to the selling pressure
WTI CRUDE OILHi,
Price just completed another matrix. Now we are looking on market vibration getting weaker and we should expect to end triangle. Momentum remain very strong in upside.
Look like we should experience price rising higher.
Tomorrow pay attention to the price going higher over 0.66 retracement level, this will be indication that uptrend will continue.
Let’s wait and see.
Cheers
Jim
WTI Oil Hi
I have become interesting with WTI Oil chart.
Similar situation you can observe on Bitcoin chart but on the opposite site of the chart.
According to GWT (shown analysis are based on it) price must make three swing: first primary swing, secondary swing and second primary swing. But what we see on the chart are formations of only two swing.
They become smaller and smaller. Trough of each swing is higher from the previous one and peaks are lower from the previous. We should expect huge price explosion on the end of this strange cycle.
The next SR level 69.32 is at 50% of the long candle. Momentum is sliding to the down side with reasonable strength.
Momentum Support line (on RSI) should give hard time to changing direction momentum. Price remains inside brown channel. last peak almost reaches upper line of rising brown channel.
Let’s monitor this market, it will be interesting to see what this unique swing configuration will bring at the end.
please write any comments if you have one.
cheers,
Jim
4 - USOIL (WTI) - September FREE SignalsWTI (USOIL) labeled as an ABC correction, where wave B presents an Expanded Flat which is finalizing with an Ending Diagonal.
Expecting a big sell-off in wave C.
Kenji signals: sell Oil (WTI)Today, the indicator "Kenji" on the daily Oil (WTI) chart generated a sell signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of Oil (WTI) is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time, current prices entered the sales zone, which led to the formation of a "sell" signal. This short position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
Part 9 - Risk-off August - WTI DailyCrude Oil (WTI) – Daily Resistance & Support:
Resistance: 70.00 / 80.00 / 90.00 / 100.00
Support: 66.50 / 60.50 / 58.00 / 52.00
Crude Oil (WTI) – Summary:
Expected to complete the correction at or around the 60.50 Levels and resume the up-trend in an impulsive manner.
If the Bullish Impulse will present an Extension, the swing could reach 80.00 Levels, but could also reach 90.00 or even 100.00 Levels.
If a Bearish Breach of the 60.50 Levels would occur, then WTI could even reach the 52.00 Levels as the next bulls’ points of interest and vibration area.
short at 60.64 fpr target 60.00i short oil for gain a small pullback even it can be more big..for now oil is in up trend but hard level to pass so i think price can go in a range for a time
60.xx a big level may she will need some boost about data or economic news or other for pass it
short at 60.64
target 60.00
gain 64 pts
short intraday at 57.35 for a pullback to 56.25 (110pip)even all support oil this time the techical analysis still the same i enter short for a legit pullback
also Wti is mmuch in overbought territory
enter at 57.35
WTI retracementIdea: Expecting the uptrend to slow and retracement before further buying. The uptrend has shown signs of fatigue with lower highs on the 1hr chart. The 1hr Stochastic and RSI are both over bought indicating a pullback is likely.
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 signal. Trade at your own risk.
WTISell WTI at low of Bearish Pinbar on Daily Chart.
SL: A few pips above the high of the pinbar
TP: Next weekly major resistance.
Note: Closing trade when close (New York Candle) above the daily EMA 5.
USOIL, It's time to short !I'm expecting Oil will falling till 39 - 38.80 which is the 4th support in 30 days.
It's because of the fundamentals,
1. OPEC countries try to cut output, but US selling there inventories.
2. US Oil inventories data comes negative.
3. US drills new rigs, so new inventories to sell because they
want to collect 16 billion doller from Oil selling.
4. Mexico sells 10 blocks in the sea for Oil.
some retracement is there
looking forward towards the supports........
OILUSD WTIOur preference: sales position below 46.28 with targets at 45.65 & 45.25 in extension.
Alternative scenario: exceeding 46.28, aiming for a continuation of the increase with 46.80 & 47.57 in line of sight.
Comment: The RSI is mixed and calls for caution.
usoil short first . what a pity .here can not use chinese.In July 2015. Crude oil has reached Andrew fork Central Line position. Rebound. But is very small. In this position again to start a sell-off. Are you ready
