Trading Ideas
usoil channel
Mon, 11 Dec 2017 07:00:46 -0600
INSIDE A CHANNEL AND HAS A TREND LINE ONCE THE TREND LINE BREAKS THE TGT AS PER THE CHART POSSIBLE
US Oil : 2618 trade setup
Mon, 11 Dec 2017 02:55:43 -0600
It is good to sell on rallies around $57.40-45 with SL around $58 for the TP of $56/$55.60
OIL FUTURES GET 60 USD AT END OF YEAR
Sun, 10 Dec 2017 21:36:51 -0600
OIL FUTURES is in a WEDGE DESCENDING PATTERN and is very probable that break and arrive to 60 USD.
Consolidation
Sun, 10 Dec 2017 21:05:04 -0600
I think we can be in a period of consolidation for one or two months.
USOIL : SELL SETUP
Sun, 10 Dec 2017 20:21:20 -0600
TP : 56.00 SL : 57.80
Crude oil Can See and Reach 61$ per Barrel and Above
Sun, 10 Dec 2017 16:02:48 -0600
Crude oil has completed a complex correction labeled as wave II or B at the 42.03 level from where we started to track a new bullish impulse. An impulse is a five wave pattern, so there is room for much more gains on energy market since we see current leg up as blue wave 3 of an impulse. Wave 3) has in general five clear waves, which means oil price can still climb up to 60/61.9$ per barrel. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Pitchfork correction
Sun, 10 Dec 2017 09:53:58 -0600
Sorry - corrected minor pitchfork a small amount - changed chart time frame - added fib - GL
Continuation opportunity USOIL 10/12/2017
Sun, 10 Dec 2017 07:42:23 -0600
USOIL seems to be bullish recently, high probability the price Tends to reach the resistance zone above us, therefore the demand Below seems to be a great level for continuation trade, I'll buy at the Demand, and my target will be the resistance above.
Crude Oil Elliot Wave Idea
Sun, 10 Dec 2017 06:47:33 -0600
Previously theorised an ABC to low 55's but the correction could be over. Looks like on a smaller timeframe that crude is in wave B (ABCDE triangle) before heading down for wave C for 1 0.5 or 0.618 correction overall...possible a wave 3 starts after that heading towards 59 area.
OIL-TOPPING
Sun, 10 Dec 2017 02:26:36 -0600
...
USOIL LONG OPPORTUNITY
Sun, 10 Dec 2017 00:35:52 -0600
Look left, structure leaves clues, USOIL has been making higher highs and higher lows, with equal measured harmonic moves to the upside. Most recently created a higher high, and bounced off support for a higher low. I observe an inverted head and shoulder pattern, opportunity to ride to the upside or to retest structure highs, with higher TP at peak of harmonic measured move.
Same - 4 Hr
Sat, 09 Dec 2017 15:19:00 -0600
Same chart - 4 hr for tracking
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