The longterm trend in oil is weak, Gov bond around ATL signaling low inflation/low growth. 12 dollar would be a retest of the 1999 low, and a new millennial bottom. You could also argue that the worst is over in oil and tripple bottom is in play at 20. Or we hit 50 dollar and the longterm trend has turn for now. Probabillity leaning towards the downside since we...
watch the last analytics that i did on the ukoil brent and you undrestund why sorry no time . already late go in
The oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump. I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections. What is important to mention here, we shouldn't...
Usually when a bearish triangle pattern forms, a negative trend begins at the end of the triangle, the price return may take some time in the medium term.
West Texas Oil and Brent Crude Oil are well correlated. Recently we spotted a discrepancy between them leading to overpricing of Brent Futures and under pricing of WTI Futures. Thus we made a synthetic position consist of equal dollar weighted long position in WTI and Short Position in Brent Futures. Trade was initiated on 08 of September and will be closed when...
UKoil 60min, doble/triple top, FLAT BEAR DVG, short-possibillity. But wait for confirmation down, maybe under that red VWAP-line If it break's up above $56, then I don't know, if this idea is that good any further.... So it could be smart to look for what those next candle's become, b.c. oil look bullish in this upmove.
1. So many has forgotten about the Daily IHS. 2. Structure resistance and support + FB, probable waves.
Pay attention to the volume average in the period M1 to H4. It indicates the amount of capital invested in selling transactions. The red line is the best position to get in.
Wave 3 ends @ 1.618 of wave 1-- slowing demand calling for correction to around low of wave 4
A breakdown of OIL with potential scenarios for both the up and downside. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
50 SMA has crossed 200 SMA which called The Golden Cross.
The Department of Energy reported that U.S. commercial crude oil inventories increased by 6.6 million barrels from the previous week. Gasoline inventories decreased by 4.2 million barrels last week. Technically,Crude Oil is manages to cross it is previous resistance of 42.25 but did not manages to sustain above the level and showed short term correction.In 4...