Hello Crude Oil Traders. Let's take a look at this Chart. According to Fibonacci retracement, it seems that the market will get into a short and middle-term downtrend. It retraced to 0.23 level that indicates us an intention to get down. Even that the last crude oil inventories were very positive for the market it couldn't make any progress in the bullish trend....
USOIL the pair drop more than 8% on Friday , Strong production data reported this week by the Department of Energy, was likely the catalyst for the selloff although the general risk off trade also played a role, overall global demand is as strong as it has been in at least eight years,Data from China General Administration of Customs showed that China’s oil...
USOIL right now is at its most predictable. Having completed most of the zig zag I thought I would outline the waves. Having just finished Wave 1 and now a pullback in Wave 2 to .618 it is time to pull the trigger and put on a long position on with a stop below $55.75. Target $84.59 or less. Wave A is sharp. Wave C should slope slightly more than Wave A. ...
USOIL the pair rally after the news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. Prices remained elevated, as the issue will reduce production by nearly 100K barrels of oil a day. on the otherside ,technically the pair look strong, we can see soon 60.50/61.60, but currently the pair pause on touch at $60.00 barrel, on daily...
Buy on a pullback around 57.58 for a target to 58.85, stop below 56.98
All Trade Parameters shown on the chart. Short setup in Daily Supply. Since this post comes a little late (only created my Tradingview account on Monday) you can still do confirmation entry as described on the chart. Live Webinar link in my profil.
My previous recommendation to short Crude for target to 50.08 is successful- However the intermediate trend remains bullish, price action is still in a multi-month bullish channel-momentum indicator are suggesting resumption of the uptrend. The current sell off is likely to find support near 50% retracement area which is likely a good area to get long for a steady...
WTI. Long-term vision. By 2020, the world's economy is in dangerous. The crisis continues for more than ten years, gradually decreasing through the transition to renewable energy sources, the use of electric cars with high efficiency and alternative fuels. However, these changes are requires incredible efforts, making quick and effective decisions at the global...
I mean by resistance Support
abcd pattern after Cypher Pattern-Daily chart
Pending Long @ 47.70 Stop Loss @ 45.00 Target 1 @ 53.25 Target 2 @ 56.73 RR Ratio @ 1.95 & 3.35 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
In daily Candle USOIL LOOK Like going to downside but in 4 hour it create continue pattern ( triangle ) if break this triangle this going to up ,, stop loss below 51.60 buy at traingle breakout and tp is 54 Trade with care and happy trading Good luck like , comment , Subcribe if you like our idea