At this time we see overbuy, but i don't think that we will have that situation at long time
We see a bullish continuation triangle developing on the Transport index. To see our full analysis of the situation please check out our website below! www.enhancingcapital.com
USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.
USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.
The OPEC discussion In November 2014 has ultimately confirmed the formation of a triangle on the monthly chart. The WTI crude has replicated somewhat the momentum of the 2008 crash. Giving way for a probable bullish correction in the net 1/2 years. Rejection at the supporting historical TL will push price back upward toward the 50/61.8% FIB levels where...
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
USO backing off those highs. This rally could last two weeks; and I would still stay short. Something's just not right. The '08/'09 WTI lows are technically irresistible. And USO has depreciated from rollover since its inception.
WTI Crude, and USO by extension, continue to hit and bounce and break through three key sets of Fibonacci projections/extensions. Overall sentiment is bearish. I Included the Fisher Transform, Vortex Indicator, and the Ultimate Oscillator as other relevant predictors of price action. I believe WTI and Brent are headed much lower, even to a 'one-day-only' $15...
WTI Crude, and USO by extension, continue to hit and bounce and break through three key sets of Fibonacci projections/extensions. Overall sentiment is bearish. I Included the Fisher Transform, Vortex Indicator, and the Ultimate Oscillator as other relevant predictors of price action. I believe WTI and Brent are headed much lower, even to a 'one-day-only' $15...
CL made a new low in the March contract. The continuous contract is within a few ticks. Regardless of what contract you are trading CL is still weak and standing in front of this train wreck is bad for your account. We will stand aside until we see the first sign of upside volume then we will place it on the watch list. Watch more on our Weekly Video Update: youtu.be
By looking at the CCI and Stochastic RSI and combining them with cyclical up and down movements of the price, we might start to imagine the price falling back to about $100 a barrel. In order for this to happen, we would need to see a slight improvement in the geopolitical arena of Libya and Ukraine. Perhaps the market is building this oil tension into the price,...