At the end of the week we closed at a very good support level of 52.00-52.20, as you can see in the charts there are multiple touches with this support/resistance level. I'm going to open a order for monday. Entry (order): 52,05 TP1: 54,15 TP2: 55,30 SL: 51,70
RSI+ROC have not been this low since early 2015/late 2014 Forming reversal candles on the weekly chart SRSI and RSI+ROC are starting to curl up Horizontals marked are the S/R levels to watch for possible rejections and bounces Prices of each level are on the right side of the...
Respected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
After this pullback we could see a nice bounce to around 55.00! Entry: 52.30 First target: 55.20
Oil fell quite sharply over the course of few weeks, breaking out the multi months bullish channel, for now i am expecting market is likely to hold and may retest the base of the broken bullish channel, momentum however on shorter term time frames is weakening as well, so i am looking for a strong break here in order to get my longs. Watch this market carefully as...
USOIL is now at another important juncture. we are gearing for a reversal soon, so watch the blue line fore a bounce up SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
1. Confluence of inverse Fibb level of 1.786 and 0.618 from the longer time frame. 2. Entry signal from hourly timeframe. HIgher close above previous high. 3. Good RR. We can enter with a small position first and see how we can scale in. 4. Structure support has not been broken. 5. Stop loss can be below structure.
USOIL HAS NOW BROKEN THE SUPPORT LINE EXPECTING FURTHER DROP TO THE NEXT SUPPORT LINE BEFORE WE SEE OUR NEXT SERIOUS REVERSAL IT COULD EXTEND TO NEXT SUPPORT LINE. SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE SEE PREVIOUS CHARTS
i am expecting this final drop down will it bounce or break? I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE SEE PREVIOUS CHART BELOW ALSO
Profit Target: 67.52 68.14 Stop Loss: 66.22 Have a nice day
Looking at the Crude oil, though overall trend is bearish but i just see an intraday counter trade, risk is quite low at this point, i am looking to buy to see if it works out. Trade Safe.
US oil spotted bullish divergence in 4 hour chart.. time to buy USOIL WTI. Please hit like, share, and follow for more ideas. Vinny
USOIL should continue its bearish drop, but be aware of the possible wave structures that could develop see previous analysis below like comment and follow :)
hi, this is looking ripe for a drop down
I still have the same outlook on Crude Oil and here's why: 1. We have bullish divergence 2. Its at a level where we could turn to the upside. I will look for longs when wave 4 of C breaks ;)
Short USOI: (WTI) go to smaller time frame to enter the trade. have patience enjoy pips.. Please hit like, share and follow for more ideas. vinny
Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17. If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense. Next move after that would probably be to the upside, but it could keep going down depending on...
TVC:USOIL Potential Right shoulder All information is given inside the chart and shared this for educational purpose only. Good luck...