Oil is on a major level and needs a closer look here to find evidence for another bounce, or if it break to the down side.
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.
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!
MARKET ANALYSIS: The pair is now trading in a inverted head and shoulder structure. It has broken the resistance at 51.24 the next possible long term target will be near 61.50. So lets wait and see what the market does in the coming days. Cheers!
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
A massive H&S that has been in the making since 2015 is forming in USOIL. It currently resides on the neckline and a break and close above could see a large move in the coming months especially if the output cut deal works. Resistances come in on the Fibs at 57.20 area (38.2% Fib), 66.85 (50% Fib) and 76.47 (61.8% Fib). The 61.8% coincides somewhat with the H&S...
Hellow friend, be prepared for SHORT trade. First, wait for confirmation of BREAK DOWN...
GREEN LINE: TRIGGER YELLOW LINE: TARGET 1 RED LINE: TARGET 2
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 retesting the TL and resistance, a failure to BO up again will be a good short reason here!
Oil is heading toward an area of interest see the chart for details! Like if you agree, support and follow please!
Despite the what I consider a pump, oil will close the gap that occurred due to headlines and move lower. Right now it is a very attractive entry point for shorts. I added to my position @ $49.7
After the really bearish response to what most consider good news for oil, I decided to open a new short position with tp $48.2. On the daily there is still room for downside and despite the contract rollover I think the gap will be filled over the next to days and proceed to move lower. Stop at $49.35
UKOIL moved to down to the resistance area if it closes below 51.00 oil will be going down to 48.50 if the 48.50 level breaks we will see further lower point for oil 41.50