BRENT CRUDE OIL near all time low. Pullback possible.
Crude opened and blew through our trigger zone. Just as we suspected, crude may not be done on the down side...but it's getting close. Bottoms (and tops) take time to form so we will waiting until we see a signal forming. Protect your powder!!!!
Crude had a nice break from a small consolidation pattern last week. There were rumors flying which helped the pop. We are seeking a trigger on a pullback to the Trigger Zone. This will be a small position (Tier 1) as we know Crude could roll very quickly. If we are able to get long we be keeping a tight leash on this trade. NO TRIGGER, NO TRADE!
Oil broke the bearish channel forming a new low around 27.50 $ after that it bounced hard and it's approaching to the channel support now resistance without any FA on it's favour. We could see a perfect pullback to it or a break upside to recover the bearish channel. Anyway nothing here changes the trend. Happy Trading
seems to me there is a divergence regarding recent lows, my bet it will bounce for now to 32-34$, and maybe then another try lower to 22-25$ RSI divergent, MACD lower price but not a lower bar than recent lows
Crude has no bottom in sight. IF YOU TRY TO PICK THE BOTTOM PLEASE GET A HOLD OF US AND WE WILL TELL YOU WHERE TO SEND US THE CHECK INSTEAD. IT WILL BE LESS PAINFUL. :) BE PATIENT with crude. A bottom will happen soon enough but it will need to FORM a bottom first. We have no interest in shorting down here. Keep on watch list.
Look forward for further downtrend movement below $ 34.10, curves following as Retrograde Mercury in Earth sign this time too strong is in action till Jan, 25
CRUDE'S SPREADING, BRENT OIL vs WTI Crude's wars still is in action as it seems like final capitulation all crudes vs WTI / USOIL Waiting for Brent / UKOIL at minus 4/5 floor
Check last analysis on brent in 'Related Ideas'. UKOIL makes some "erratic" movements and I would be clueless if I couldn't identify wave structures. If you appreciate it, please click 'LIKE' buttom. Happy trading! ____________________________ SUBSCRIBE to my TRADE SIGNALS with 15 DAYS of FREE TRIAL. Suitable for all traders. Please, contact me via Private...
Crude started the new year with volatility, as prices initially rebounded into price resistance near $38/bbl on geopolitical tensions between Iran and Saudi Arabia. However, the rally was short-lived and there looks to be no follow through in today's session. There are a few key factors to take into account: slow global growth, a decline in global demand growth...