We have been following oil for long now. THe 50 moving average is crossing the 200, under a key level and after a lot of bearish momentum. It is a great opportunity to sell if we see some kind of retrace anf mini flag formation. Trade save guys!
In mid/long term I see a consolidation, OPEC out-put cut is temporary solution oil supply is now cheaper and easier can't find anything bullish on this for longer term.
USOIL Bullish 1:1 Pattern. CD leg has a wave-5 structure..Mercury time tiggered.follows a fullmoon cycle.zero declination.
If you follow my posts about oil market, you will be amazed how correctly I have predicted this market for a while now. Every move turned out exactly as I was showing you guys at earlier posts. Now it is time again to take a look at this market and try to see what is going to happen next. So I have been long this market since $30/barrel. I tried to buy every dip,...
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.
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...