Trading Ideas
Oil: 40 days
Wed, 23 Aug 2017 18:09:38 -0500
Targeting 35.6 @ Oct 2nd.
USOIL: Sideways action. One possible course.
Wed, 23 Aug 2017 14:56:40 -0500
This a-b-c looking sideways action may be a developing triangle. IFFFFFFFFFF it continues to follow this way would expect next move up to possiby around 70.
OIL up channel
Wed, 23 Aug 2017 14:10:57 -0500
It seems like oil main trend is up and both channels are up. So I'll wait to see if resistance will be broken - then buy it as support or wait to buy a dip. Best of luck :-)
Symmetrical Triangle
Wed, 23 Aug 2017 13:20:52 -0500
we look to trade the breakout of this formation
US OIL, 4h: Symmetrical triangle, Trade the BREAKOUT!
Wed, 23 Aug 2017 12:31:20 -0500
Symmetrical triangle, TRADE the BREAKOUT! #WTI
short setup
Wed, 23 Aug 2017 06:50:14 -0500
Potential short opportunity.
WTI crude chartpack - Technicals & Trade Setup
Wed, 23 Aug 2017 06:22:58 -0500
Bears in WTI CFDs resume after rejecting at channel resistance in minor trend and 21-EMAs in major trend, more slumps on cards: The crude prices are stuck in a narrow range $47.75-47.50 levels earlier today ahead of the lingering speculation on weekly supply data announcement which is due later in the US session. Bears managed to plummet every upswing below channel resistance in the recent past, while bearish DMA crossover & leading oscillators also indicate more slumps on cards (refer daily chart). The current prices in minor trend slid below 21DMAs, while bulls check support at ascending triangle baseline but restrained below 21EMAs. Last month also, the crude price upswings have been restrained at the stiff resistance of $50.38 (i.e. 21EMA levels). On a broader perspective, the consolidation phase goes in the symmetric triangle pattern, tests resistance at the downward trend line, consequently, the current prices slide below EMAs. For now, the selling sentiments are coupled by both leading oscillators. RSI signals overbought pressures by evidencing the downward convergence to the price declines on the daily chart. While stochastic curves have been indecisive but little bearish bias on both time frames. To substantiate this bearish stance, daily MACD signals downswings may extend further. Hence, we don’t encourage long-term long build ups, instead, we advocate shorts in WTI crude as the underlying price of this energy commodity may slide again upto 45.75 levels, maintain the strict stop at $49 levels. FxWirePro launches Absolute Return Managed Program. For more details, visit: http://www.fxwirepro.com/invest
USOIL
Wed, 23 Aug 2017 01:44:00 -0500
Short, head and shoulders is always present
Breach in Trend Line
Wed, 23 Aug 2017 01:43:03 -0500
Look for a good short entry in breach of trend line, Low risk High Reward
33Week.USOIL.Monthly.BB34.Pivot10.MACD
Tue, 22 Aug 2017 21:18:11 -0500
33Week.USOIL.Monthly.BB34.Pivot10.MACD
USOIL - Long Idea plus wave analysis.
Tue, 22 Aug 2017 18:14:24 -0500
I believe the base pattern is complete for oil and I expect to see some upward momentum for a larger Wave C to new highs.
Crude Oil short
Tue, 22 Aug 2017 14:57:06 -0500
Bat pattern short opportunity Crude Oil
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