its possible to buy OIL at very good low price. is it bottom?! Who knows ?! OPEC knows !!! I see sells for now only. Tradin trend is the way. and trend is down ,so sells for me. sellin at sell zones possible targets: 1. 28-25 2. 20-18 --------------------------------- LONGs will be possible for me only if price makes (HH - HL) or (HL - HH) and it will be clear!!!
Just a brief breakdown of the recent Oil decline. Recently broke below the $30 mark which saw price retest this for resistance and continue to sell off. I believe that we can see more downside on Oil and will be a confident buyer at $25.13-$23.61 and $17.63-$16.11 Great zones there for buying Oil which are the only 2 key supports that I see now that we are...
No comments... Just 1-st variant of possible price progression near future!
We do not even know, what to say. Everything is reflected in the charts in terms of the fundamental, historical and wave analysis. Maybe we are wrong, and the oil, will take the form of long-term correction, but the growth is unequivocal in the coming years. This is our opinion. Yours faithfully!
Read text written in the chart.
This was the week of laid eggs. OPEC showed it no longer has any control. The oil production number was leaked earl in the day on Friday and basically said they will not curb production. With the current glut of oil, further production spells further trouble for oil. How far can she go? We think oil could flirt with the $30 area. At this point all pullbacks...
Oil is still selling off in-front the OPEC meeting this Friday. We are flat and staying away until after the meeting. At this point we think it tests the August lows, but if doesn't and OPEC has a bullish tone then we will see a massive spike. WARNING: DO NOT TRY TO GUESS THE DIRECTION BEFORE THE MEETING. That's gambling at best. For us to get long we will...
I've been short since 44. Took profits on Friday at 41.
Simple analysis, still in a bearish trend, counter trend line break, retracement to 50% fib + mijor daily resistance at £50.47 + ctl retest + 50 ema resistance + tweezer tops price action led us into the C leg of the fib. Expecting £42.46 then possibly new lows at $40 a barrel. We haven't seen price this low since the end of the 2008 market crash!!
Keep crude on your watch list. See our last post on crude. Stay tuned
Crude is ready to fire off short based on our signals...however she has been all over the place. We ONLY like the long side so we are looking for a false signal and reversal. IF she does take out the most recent lows and picks up speed we will PASS until we start setting up to the long side. Every time we get a dip on crude we get more suspicious of the move so...
A quick move outside of the channel was short lived. We wanted to short after a close outside of the channels but the FOMC announcement kept us away. Regardless, there was no way that we would have triggered this trade. Crude blew back into the channel and could start chopping around. We will NOT get involved in this area. We will watch Crude and see how she...
1. Divergence formed at 0.618 fib rettracement of the recent move up(momentum/price) 2. Price retesting broken resistance (long consolidation 3. Missed daily pivot above the price Golong at this level targeting: 1. Short term - missed daily pivot 2. Longer term - recent highs and above SL goes below 46.00
Crude made a quick move and got new longs stuck which fueled the sell off. We triggered long this morning and got stopped for 50 ticks which is a win in our book. We learned long ago that a stop is the beginning of a story. This story is telling us that there may be more downside. We are technically back in the consolidation area and we are sitting on our...
Running into the 200 day MA at 51, which should give some resistance, as well as the upper Bollinger bands. If it breaks a little to the upside targets at If a correction takes place levels to look out for at 4780-4820