It has been quite long that we did not do any OIL trade since the last time break out(52.5). But on 23th Feb I found a structure that has reach pressure zone. And we tried to sell @54.7,and closed @53.5,got 120pips profit. 54.00 is the previous support and now become resistance. Choose short entry here, SL above 55.00 Aim 51.5 ! I hold a point:Good charts...
2 months later, oil is still flat. As mentioned in my previous post about oil, I think this is a very crucial moment in the future price of oil. That's because oil is heavily manipulated and thus, if we fail to fulfill the consolidation and crash pattern as observed on 2015-06-29, I think oil will shoot to $65. All indicators on the weekly are very bearish and...
The process of losing all margin in general: 1 the first few deals are profitable, usually at 1pips to 10pips 2 traders feel good, I think the correct rate is 100% 3 start a new transaction, in the case of 100% confidence, no longer set SL, and then began to float loss.
Hi,traders,I hold a point:Good charts does not more words to explain! Good luck
It seems that Oil is completing is consolidation with a small move down before the final leg up. I'll be watching the setup and going long as soon as this last down move is complete.
Anticipating an intraday correction to 52.60's for long opportunity
After the Daily Key Reversal last week which also helped form a doji on the WEEKLY, I am convinced that from this week and for the following 3-4 oil will go down. RSI and STOCHRSI have topped on the weekly and are reversing as well as the MACD. My first target is $48 and then $44-42.5
Bear divergence, overproduced, OPEC deal won't last, etc. I believe this will go to sub 50 levels. I shorted today at $54.05, and will be adding to my short position around $52.
I think the upward trend in USOIL will continue. But if there was a downward turn, I set the possible targets. Wait for him to break. Merry Christmas:)
Hello swing and patient traders, I see a buy opportunity on the USOIL. The setup is good for me to buy but unfortunately, I don't take trade with R:R < 1:2 For those interested, it my be a good buy opportunity.
Oil breached the strong support area at 51,50 area that should act as support now. Buy the retest on that level which happen to also be at 0,618 fib. level. Like if you agree, follow and support please!
51.91 Was rejected nicely, opening a short with TP $49
I WILL LOOK FOR A SELL IN THIS CASE GUYS WHEN THE PRICE WILL HEAT 0.786 FIB ZONE I WILL SEE HOW THE PRICE WILL REACT AND IF IT FALL BACK IAM PUTTING A SELL AND LONG TERM TP @44.00
RISING WEDGE AND FIB 0.786 RESISTANCE HOLD GOOD ! I AM THINKING FOR A SELL ORDER AND TP1@ 43.50 AND TP2@37.50
temporarly high in June`16 around 52 temporarly high in August`16 around 51 temporarly high in October `16 around 53 First target should 54 $ in BCOUSD - throughtout December 2016. And in the 1st Quarter 2017 we could see prices above 60 ?! Not only OPEC Policy support maeks me bullish also technical turnaround around 46 $ - with 100 SMA & 200 SMA supprt...
After almost 3 weeks playing games around the 50 area oil did a great down rally and now near a major support area. In that area we have also the daily 200 MA coming from below and a minor TL and it looks like prices already reacting on that. So how to do this trade? well i will be looking for bullish evidence as divergence on RSI we have some already, Pinbar or...
Oil is heading toward an area of interest see the chart for details! Like if you agree, support and follow please!