It Seems to be a perfect trade setup with Great Risk to Reward Enter @ 53.00-53.05 Stops @ 52.6 Targets 55/55.6 If you like this setup give it a thumbs up
In this chart I feel oil is bearish until 37.95, we have here on the daily what seems to be an inverse Head and Shoulders Pattern. if prices do reach 37.95 and stay above 37.95, we can see a rally towards 50-51$ and possibly even beyond that. thus possibly breaking past the downward channel. keep your eyes peeled for this one. This does not represent a trade...
Overview: The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the...
Further long possibility, we will wait if price breaks 50.48 then we can hopefully see 55.92. ( FIB level ) we will and observe let the trade co me to us. trade safe
We expect CRUDE to rise. STOCH RSI is rising. RSI is rising. CCI is rising. We expect crude to stay long above: 34.77 SL: 34.48 TGT 01: 35.59 TGT 02: 35.91 TGT 03:36.91 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
USOIL is expected to sink now. There are many reason why we feel it may sink. 01. It is trying to touch Tgt 01. of quarterly short level of 29.66 02. HAMMER in daily Chart. 03. To sink and come near quarterly Tgt 01. sell level of 29.66 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is...