Oil about to course n be bullish. are all the bears dead ?
looking at the financial macro factors, everything points to oil all time high. This tells us whats coming is worse that the 2008 great depression.
Longing oil for financial freedom. send et
The overall current trend for US Oil is bullish, so I rarely look for the sell. In this case, I used the Fib on the largest wave in the uptrend and saw that the first retraced just a few pips below the 61.8 level.The second wave had made it highest high and was retracing between the 50 and 61.8 levels when I was looking for the buy setup. At this point, I knew the...
With the USA gradually lifting restrictions on Covid-19, the wheels of industry will soon be turning again. And what greases those wheels? Yes - OIL .
A glance at the Monthly chart on BCOUSD shows a very pleasing end of month long-legged doji - a sure sign of indecision. Add to this the bounce off the WPP mid-pivot and everything says BUY!!!!!.
I'm in at 23.82...
I am loving this chart here guys, I did a fractal from 9/2017 support up to resistance on June 2018. This channel has been established since 2016 and if my chart is correct WLL
should make a run to re-enter the channel. Even if WLL fails to get back into the channel the upside is massive and there is almost 0 risk. If the oil market does in fact turn down towards...
Crude oil manages to come back to a key support level and rotates well. The $57.90-58.05 area held really well and the long extended wicks on the candles suggest a strong buy sentiment is protecting the upside.
The buyers are coming in on strong volume and we expect price to move back to the resistance level at $58.50 first and then through the $59.00 level.
The...
This video discussed the large bullish weekly pinbar setup that has formed in light crude. I discussed the current market structure, trading tips and trade ideas. Notes from the video are posted below.
**Current Market Structure**
-Long term bullish trend
-Price has stayed within bullish channel
-Large bullish weekly candle from pullback off of key...
The 1 year IVR in USO has reached 93%, and has reach 100% on the 90 day IVR. This is exactly when we want to begin selling premium. In this case I decided not to sell a straddle(selling both a put and a call), because I don't like the upside risk I would be taking on. With this trade, selling a put, we are both selling premium and getting...
Updating my idea last week with a lower buy limit order around @65 and TP still @70 and SL near @64. This is based on bullish overall market sentiment on Oil and price arbitrage opportunity.
www.marketwatch.com
www.bloomberg.com
business.financialpost.com
oilprice.com
oilprice.com
Daily:
Weekly:
Confidence: B (oil is more likely to consolidate at 65 in...
