Go long the USOIL if it trades at 46.21 or higher. If triggered, place your stop at 43.78 and exit the position for a profit at 47.75 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
US Dollar has shown very little price movement since the 2014 bull run. US Dollar has stayed in a tight range and based on technical indications we could be seeing one more low before a catapult to higher highs. US OIL , GOLD , SILVER, EMERGING MARKETS Rapid movement in US Dollar can have a big impact on USOil as well as silver XAGUSD and gold XAUUSD. ...
Switched Oil holding (UWTI) near 40 and looking to hold long till target is reached $45.40. As you can see I have mapped out important support and resistance area using a 50% high/low method. Pivots and S/R was drawn from recent June through August High/Low as well as 2008 high to Feb. 11 this year low. I will follow up with a short position (DWTI) when 45.40...
Oil’s rebound from the low of $39.24 following a bullish price RSI divergence on 4-hr chart and a move above $40.85 (23.6% of 46.06-39.24) suggests a temporary loss of bearish momentum, nevertheless, the fresh bear turn in the hourly MACD and RSI’s retreat from overbought territory indicates prices could take out $39.24 and test hourly 50-MA support seen at...
Ofcourse we will never know whats next, but this one seems very possible. MM89
Here we are looking into a potenital triple bottom on USOIL with RSI indicating an oversold market strong supportive level being met at around the $46 mark, i would like to see this level hold and a reversal up over the trend line drawn with the first target at $49.6 and second target around the $51 resistance level
There is a similar pattern/structure of movement of the US-OIL from 2006/2007 and 2015/2016. LH, HH, LL, LH, LL, HH Could this be the next step before another crisis like in 2008?
Bearish Shark completion leg in play, should teminate around 65.00-67.00. Could be short all of 2017-2018. The smart way to play it is only look for longs on the lower timeframes.
As long as today closes the daily candlestick at a price of 30.57 or higher, the resulting inverted hammer formation is a signal of a potential bottom in oil prices. My price target remains the macro trend line resistance near $34, with a longer-term price target of $39-40.
Bearish Marubozus after bearish marubozus signal a huge sell on USOIL. It broke support at 42.30, signalling the pair to create point 3 on the trendline at around $36/barrel. For confirmation, I would sell below 41.80 with stop at 45.