Signal no.5 Sell WTI/Usd (us Oil) @ 61.20 Tp - 60.20 & 59.40 Resistance around 61.74
Oil has broke 2 key support levels today and shows no sign of slowing down, we are on a slight pullback at the moment and price has already touched our resistance level ( purple line ) we can see a retest of this level again before price makes further bearish movement and hits our next key level that has been used as previous strong resistance. You can enter this...
Please check the link below, this is follow up of the same idea I sold at 58.58 SL: BE TP: 50
USOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong. Leave your SL above the last high for enough space to move before the breakdown below.
Correlation with USDCAD and XTIUSD. Oil made bearish engulfing candle.
OPEC next meeting at 6th of December, Production cut is on the table + possible correction, target 1. 52.00 target 2. 54.00 target 3. 56.00
50 EMA crossed over 600 EMA and is in very fine falling position. Price pulled back to Tenkan line and will keep dropping. Trade trends after 50 EMA (it has to be in declining or rising position). Enter trades upon pullbacks to Ichimoku´s Tenkan line. Trend ends when you will observe divergence in long term RSI (70-100) - when RSI unlike price will fail to make new high.
TVC:USOIL as the chart say . the coming Pressure zone is SO important for our "long position " before the next EIA DATA we will check this out for profit or close for stop loss ! looink up to our target @ 70 first stage !! good lucky
Hi, guys that is daily chart very good analysis for 2018-19 years , showing support and resistance , buy at support and sell at resistance
XTIUSD SELL SIGNAL Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones...
Technically going with the trend. Long and medium term momentum still in for USOil to make higher highs.
back by strengthening of crude oil price , possible of strengthening CAD can be seen.
Cautiously can buy AFTER the break out and be careful about the Wednesday "Crude Oil Inventories" news
Oil is in a nice place to go short with a very tight stop loss. Expecting at least to test the low, then a possible 3 wave correction for more down.
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has...
With OPEC and Russia discussing the supply cut extension from March 2018 to end of 2018 (but realistically, they might agree to June 2018 instead), there's higher probability that it will rise to 60-65 soon before going bearish again especially once tax legislation issue in the US is dealt with. Setting up buy stop order with TP @60 and tight SL between S1 and...