Crude blew through our trigger zone and never gave us a chance to enter. For now we are on the side lines. At this point crude is in the middle of the chop. We are consolidation so we will keep a close eye on this. BE AWARE: It could chop around for a while.
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios...
Crude got away from us on the break and didn't get the entry. It as a nice move! However, we are seeing a pullback. We will be looking for a trigger to get short. This will be with a VERY SMALL position. Any lows can be short lived and crude could be forming a bottom.
Crude Oil is signaling a possible reversal. We have a falling wedge, a 5-wave pattern and bullish indicators (with weekly divergence). Therefore everything is signaling an uptrend. The only problem is that we have a lot of resistances overhead, which might make the uptrend either choppy or unsuccesful. However, everything in the chart is screaming "UP" Weekly...
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios...
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios are...
Overview : Crude oil futures for delivery in March traded below $27 per barrel for the majority of the trading session, marking the second time this year that crude has traded around this level. Prior to 2016, the last time that crude oil futures traded below $27 per barrel was in September 2003. On Technical charts, Major trend of crude oil is strongly bearish...
Saudi Arabia controls the price of oil. Once you understand that, all technicals need to include variables for real world political manipulation of the worlds most important commodity. .... "Church of Krümel" Back in the day, there was a King, he turned off the blood supply to the industrial world. The world went into chaos, wars started... wars stopped. In the...
Overview : U.S. crude oil prices pushed higher in early Asian trading on Wednesday, partly recovering from a 6 percent drop in the previous session led by concerns over demand and weak equities. Before that Crude oil fell for a fourth-straight session on Tuesday to settle $1.75 lower. On Technical charts, Major trend of crude oil is strongly bearish and market...
Overview : Oil dropped below $30 a barrel in New York as equities tumbled and no agreement emerged from Venezuela’s tour of crude-producing nations. Speculators’ short positions on crude were near a record and Crude oil Futures fell 3.9 percent. On Technical charts, Major trend of crude oil is still negative and market is making lower top and lower bottom...
Crude is consolidating nicely and setting up an opportunity. The questions remains...can she test the lows again. If the down side breaks be careful or a fake out. False breaks will be bought fast to trap the weak shorts. Use triggers and stops to protect.
Looking for a new bottom in long term trend channel.
increase of stocks - new record, all time high 356 635 thousand barrels – September 26, 2014, 494 920 thousand barrels – January 26, 2016 oil production is still high despite of decreasing rig counts decrease of managed money positions - 184 317 – October 13, 2015, 69 755 – January 12, 2016, 110 432 – January 26, 2016 Murrey math lines: monthly chart 1/8 –...
MACD - Showing hidden bullish divergence RSI - Hidden Bullish divergence 2 possible enter here, or if break 32.2 lower SL: 32,2 TP: 38
Oil has demonstrated bearish behavior. There is no immediate increase that bull traders are so deeply anticipating. Oil only shows weak performance with the MACD indicator pointing for a continued downturn or consolidation. Supply levels being extremely high are maintaining the oils range between 27-35 dollars. To short oil would be best options for short term...
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!