usoillong

We can see price pushing up into our resistance zone and then coming back down to test our trend line for its 4th touch and smashing through it.

My wife said i should spend less time around her sisters ( ive told her this leaky tap is a bugger to fix.. its been dripping for 2 months now and i still cant fix it ) ;p Anyway enough about my marriage issues and lets take a look at oil... After a couple of days of bearish movement from market open this week price finally went into some consolidation today...

TVC:USOIL FX:USOIL Intraday - We look to Buy at 57.30 (stop at 56.50) Posted Mixed Daily results for the last 4 days. The 261.8% Fibonacci extension is located at 62.00 from 50.30 to 54.80. Dips continue to attract buyers. Bespoke support is located at 57.30. Our profit targets will be 62.00 and 62.10 Resistance: 60.00 / 62.00 / 63.80 Support: 57.30 / 54.80 / 50.30

Marked on the chart we have a lovely area of support, if you cant see this then give yourself a telling off and look again ( this normally helps me out, but then I answer myself back which turns into a fight... I always win though ) We are expecting some bullish movement this week from oil as we have bounced off this level and we are looking at bearish movement...

Don't be rude!! I was on about how she likes her drinks LONG island ice tea ;p Can you see why we are long on this trade? you should be able to figure it out as our charts are nice and simple. Come and give us a message if you would like to learn this way of trading... we could teach a zombie to do it ;p Clients will get a much more detailed explanation of...

Looking for a short term bullish rally then oil dropping lower

Price is currently at the 50% Fib level of that bullish impulse so there is a potential extended bullish move to complete 100% of the retracement. Bullish divergence is evident. SL has been marked. TP has been marked . Risk exposure - 1% Risk to Reward - 1:2 Happy Trading ..

Short...

Here we go again... Another buy opportunity and this time on CADCHF. Daily time frame analysis shows this pair having strong bullish momentum. Price has reached a strong resistance zone where we may potentially see price retrace before moving bullish again. I will be looking for price to retrace bearish to the 50% Fibonacci level whilst creating bullish...

Harmonic Pattern Approaching D point. Target based on 618 on Fibonacci Ratio (C-D)

Crude Oil H4 time frame- I prefer longs on oil due to the simple bullish structure on all timeframes targets 54

US crude oil longs in play - In my view, the weekly bearish trend is broken and the daily trend is now in a bullish structure. I see oil reaching 50s before stopping for another pull back then rallying again to 52s.

Validated confluences 1.Daily Trend-line broken (uptrend) 2.Resistance broken support valid 3.Profit margin 1:4 4.Price action low on the curve

Price has rebounded off the range which has been established since March, at the same time RSI gave us a bullish signal by briefly dropping below 30 before heading back up.

FX:USOIL Major Shark completion point: