|Fri, 20 Jan 2017 11:55:47 -0600|
|CRUDE OIL SHORT|
|Fri, 20 Jan 2017 10:59:16 -0600|
Conflunces are ; 1. Rising trendline break (D1) 2. Price current in prior day's high zone 3. Price inside a channel's top
|USOIL formes double bottom£|
|Fri, 20 Jan 2017 10:55:00 -0600|
Double bottom or 2 leg with a huge something£ Ha ha
|Fri, 20 Jan 2017 09:57:49 -0600|
High altitude ideas, and now to 0.618 of the position, or the structure of the position, the position of the 3 hit the best time in the vicinity of the short, the radical can now be empty in the 54.70 place, the location of the 0.618.
|USOIL bull flag was confirmed (2017-01-20)|
|Fri, 20 Jan 2017 09:50:14 -0600|
USOIL is undergoing a correction for this two weeks. It retests the previous consolidation area twice but both are supported. Now the bullish flag is confirmed. I am looking forward it goes higher. Buy the pull back is a good way to trade usoil this year. Good luck for everyone! Trade with care!
|oil is in a netural area until the current sideway ends|
|Fri, 20 Jan 2017 09:25:56 -0600|
Oil will turn bullish if it breaks the high of 1/3/2017. Otherwise, we could either falling back to daily sideway move or a bigger bear shakeup leg. Emotionally, I am more leaning toward the market raise its base rather than a shakeup;)
|Fri, 20 Jan 2017 08:58:30 -0600|
|Potential Gartley in USOIL 4H|
|Fri, 20 Jan 2017 07:29:51 -0600|
|1 Week Kumo Break|
|Fri, 20 Jan 2017 02:33:18 -0600|
Overall on a 1 week time frame Oil is looking pretty bullish. Seems to me like a long term hold. On a other note everyone should take into account Gold and oil are positively related. A rise in oil prices is an indication of bad times and gold prices rise correspondingly. Gold and stocks are negatively correlated. If stocks go up, gold goes down and vice versa.
|USOIL is sleeping|
|Fri, 20 Jan 2017 00:34:12 -0600|
In my opinion may be expecting some shallow retracement up to 38.2% to close the gap and ruse up again.
|General plan for Oil in 2017|
|Thu, 19 Jan 2017 08:26:37 -0600|
I think the most probable scenario for oil in the first half of 2017 is to complete wave C in some motive but choppy fashion. Ending diagonal is a perfect candidate for this move. As it totally reflects the fundamental idea of two battling forces. On one hand we have rhetorics and measures from OPEC plus seasonality in first half of the year pushing crude oil price higher. On the other hand - commercials, hedging their production at this price levels as in 2014 before the plunge. After all it seems that another wave down is inevitable. But I guess wave 5 will not take us far as a truncation often occurs following a particularly strong third wave. I will explain why I see wave C as an ending diagonal in the next post.
|Excellent Long Opportunities in Oil Intrday|
|Thu, 19 Jan 2017 08:23:31 -0600|
Excellent Long Opportunities in Oil Intrday