To see the Devil Worshipers in the financial market Take a look at this Crude Oil 1 Day time frame Chart from 5/1/2011 to 6/16/2014 Here's a video showing you proof that WWW = 666 www.youtube.com
Oil is close to this year's lows 44 $ -45 $ per barrel, which should in the near future to limit further declines in prices. Nevertheless, you should remember not only the production oversupply by the OPEC area countries, which to a large extent, does not allow for the development of correction, or larger increases. Yesterday the US Department of Energy gave...
Crude (21.07.2015) respected our last report & traded lower in last 1 month. However we witness some bounce in last few session but trend still bearish. Now crude is trading around $50.63 & we can see on chart, after breaking the major support area around $56 mark crude fall very sharply towards $50 mark. Somehow this level is providing some hope for bulls but...
WTI has now closed under the support level as indicated.. we should now see a breakdown of price towards the 45.00 levl
Looks Good To Short At This Price As High Volume Is Expected Take profit @ 51.24 Stop Loss @ 52.4 Take profit Hit
TP REACHED As per the price action of Oil and US inventory data yesterday, I reckon that we will see a move down to 57.99 which is inline with the medium term bearish bias.
THE CRUDE ITS BEEN TRADING WITHIN A CHANNEL IN THE LAST FEW DAYS. TODAY , DUE TO SOME DECLARATIONS MADE BY PRESIDENT OBAMA YESTERDAY ON THE G7 MEETINGS, WE ARE GOING TO HAVE A BEAR DOLLAR, AND WE MIGHT LOOK FOR A LONG TODAY, AND HOPE FOR A GOOD NUMBER IN THE FUNDAMENTAL TOMORROW.
Why? TA: -RSI Bearish Divergence seen clearly on daily -MACD, Stoch(blue on PTS) Divergence too -CCI going down, bearish -ADX is showing lack of bull trend strength, bear trend rising FA: -EURO WILL GO TO PARITY, very strong dollar coming up in june, see EU related post -Inventory data too negative, will now likely shoot up, Api should show from -5.2 to...
Dear traders, two weeks and about $3.00 per barrel later I pop round with an update regarding my running long position(s). All I can basically say is "It runs without a hitch'! Keep going. Still At The Beginning The overlaying trend is still strong bearish and that won't change anytime soon, however, the move I am trading at the moment is a huge correction...
Dear traders, the most of us were hoping the oil price would drop forever, well at least those of us who drive a car or have an oil based central heating. But as the commodity market is no exception and no one-way system it had to stop at one point. So it did. The oil price is rising again and the question now is: Was that it? No more cheap fuel at the gas...
Current Down Swing due to Breakdown from Consolidation is near Termination. 40 is a Long term Support. Expect Range bound Action to Retest of Breakdown
Everyone seems to be talking about channels, consolidating, retracing, etc. I've been hearing this since the initial uptrend that started on 1/29. Ever since, it has reached $54, four times, with the last one being out of the "flag" (or penflag since it's a bit of both), and it has since been staying above the 10MA and 50MA. Of course this can just be a bull...
FIGHTING ZONE As my recent successfully "repeating theory" (), I came up with a silly theory again. See the red line (48.84), whenever we have a fight above this line, there is a definite move to above. But as you see on the last oval (fight), the fighting is under the line and that has caused a sharp move to down. Now, I will wait for a sky-rocket to...
We are now completing wave 4 of the motive wave that started its development back in June 2014. Wave 4 is likely to touch the top of the wave 4 of one lower degree and then we will proceed to the final wave 5 development. It looks like oil price tends to make most of the movement in wave 1&3 leaving little to wave 5. Therefore I assume that the current development...
Crude oil is making new grounds with it soon to come with its reverse pull back, same thing happened in 2009 although there is a possibility that crude can slide to support at 40$. either way i will be easing my way into a positions using the ETF UWTI which is priced very cheaply at 3$ a share. also a big shout out to @Ricker for showing me UWTI
CL is range bound for now and could go sideways for a few week. We are still trading inside the monthly trend line and we will favor the upside for now. Watch more CL commentary: youtu.be
Crude oil will likely either turn around and hit bottom or keep falling of to new lows breaking supports.
Oil on this Pitchfan chart has broken support, but we'll probably have a clear idea at the end of the trading day tomorrow. Right now just the candle wick is below the support line. If this month, or next month, most of the candle body itself fell below support, that would flash a warning that, perhaps, a bigger price decline was coming. This level has been...