at the first blue line: if candle breaks, so make a BUY. -------------------------------------------------------------------- don't order for the real account. just for a demo-test.
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.
Third WAVE is trying to take shape but fundamentals don´t help. If good news take presence in the next days or weeks, we can see the 3th and 4th wave. And the correction of 3th wave probably will be very short because 1th wave is very long. See what happen!
Price climbed above 51.60 and is holding its position for 7 weeks. If this horizontal support will not be broken, price may go ahead to 55.00 and 60.00. (This is a long-term view for trend determination)
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
FX:USOIL I will wait for divergence above those fib levels, and also for oversold conditions; Safe Trades;
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.
Oil . oh my Oil plz dont grow up so quick . what a long tail . so can you plz back to 51.5 . I gonna buy you @ 51.5 so i can look forward to 56.5 (abt 10% growth). My SL would be 49.7 if you hit my SL i wil short you for sure .
The immediate trend in this case is bullish and price will continue this way unless something sudden occurs. A price move to or above $60 in January or February 2017 is expected. An intraday dip (wave (iv) ) may happen at some point to $52-$54, but it seems price’s response to OPEC meeting in Vienna is not ready to wane anytime soon.
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!
We came down to previous structure support and held. From here we can buy with good risk/reward for a retest of previous highs.
Hi traders, I posted an analysis last week on Us Oil, which I realized it was wrong! So I have analyzed Oil again and now I am sure about the analysis I have made. In the Daily, we have the start of an Elliott motive wave. So we know Oil is going uptrend. I will post the Daily view after this one. In the hourly chart, we can see the H1 impulses and respective...
Hi Traders, Here's part 2 of my new analysis on Us Oil. Already linked to my H1 analysis posted. In the last period we have had a big impulse. As you can see it has 5 moves so it confirms an Elliot Motive Wave. Then we have a typical ABC correction. The thing is that the market has created a more complex structure, making it a Running Flat (B higher than the...