|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 :-)
|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
|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
|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
|Tue, 22 Aug 2017 21:18:11 -0500|
|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