Tues 430 PM Algo Target Hit! Predict from last wk! Crude algo intra work sheet 1257 AM Dec 14 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT Not perfect - off by a few cents but in the target zone and very trade-able alert / indicator. www.compoundtrading.com twitter.com
I am with the BULL for this counter. We can have possible retracement to as low as 50 or even 44.80 but overall.. I am still Bullish. Trade Safe. s0nic
ABOVE 200 DMA TECHNICALLY ABOVE CLOUD FUNDAMENTAL REASONS SUPPORT BULLISHNESS - OPEC
USOIL formed am Ascending Triangle that targets 65. Buy on breakout or the pullback. Cheers!
Small risk big reward ... Setup on Chart. Regards
OPEC reached an agreement in the weekend, which should imply a price move upwards. Still though my current wave count suggest another move downwards to point E of the ascending triangle in the corrective wave B of one larger degree. Further we should get a bigger corrective wave C up to around 60, which is the end of wave 4 where most corrections tend to...
after a Great Buy with all targets hit, now it's time for a Sell, My entry, targets and Stops are on the chart, Stop is small, If the stop is hit, i'll renter again.
WTI retests resistance second time.Go short whenever you have a valid confirmation,according to your own strategy
These charts represent some thoughts I have on current crude oil prices and action. I'll start with the monthly chart. I believe that a major downtrend is still in play and that price is moving up toward the upper channel. Weekly chart: Daily chart: 4Hr chart: 1Hr chart: Bottom line: watching the ascending triangle on the weekly...
Ok this is a quick summary of today's trade.. I will update today and over weekend and include Timecycle Chart which this trade is linked to.. This is my daily tracking chart. We added 20% Short @ 51.28 , will add more if we fail the trend again or collapses below 50.7x. Manuel stops about 53. Trade safe! Make money
details on chart ABCD!!! In at 50.66
Hello Traders, USDCAD formed a bullish Wolfe Wave. Currently it is offering a low risk entry. The highest probability target will Geo's Off-Set Rule at point 4. The next highest probability target will be the 1-4 target line defined by the Wolfe Wave. Stay tuned for updates. Best, Chartistry
TVC:USOIL NYMEX:CL1! Goodluck
Most likely downward pressure here..
Yes, it's all over the news that OPEC has agreed to cut production by 1.2 million barrels a day by January, will it be short lived? WTI has increased more than $4 since yesterday, and I see a potential bearish bat pattern forming. PRZ is around the daily resistance level at $51 to $52. Good R:R at 3.6 (TP1) and 19.7 (TP2). WTI will probably continue to rise...