35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios...
The next few days Crude Oil may perform a good correction based on rumors of production cut. But overall trend is still bearish. Around 39$ sellers may come into play. Although, in my opinion bottom is near. I'll be following Brent chart, because there technical picture more clear than WTI. Share your thoughts about WTI.
Crude WTI has traded back to the neckline of the previous double top. Shall wait for a confirmation of the trend before entering.
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios...
35.80 USD: 2.Target (292 Chance) 33.97 USD: 1.Target (109 Chance) 32.88 USD: last Price 32.21 USD: last Support (67 Risk) You can use the support levels as stop-loss price level. And both targets also even as take profit price leves too, if you want. But take care! Think about it - and create your own opinion! It`s your own decision... Change/Risk Ratios are...
Friends, Oil has been in a downfall over the past several weeks, based on a variety of fundamental opinions, be it geo-strategically, cyclically or economically driven. GEOMETRY: Technically speaking, since mid-July 2014, price resolved itself out of a geometry following a protracted sideways defined by the A-B-C-D-E points. From July 14th to August 04th,...
I see a run down to 28 dollar to form a double bottom formation.
Oil is continuing to follow the pattern of the March 2015 movement. The Green lines here representing a perfect clone of the trend line from the low of 13th of January 2015 all the way to June 6th. Which this run from January 20th 2016 has held up amazingly similar. You can also see the H&S pattern from that time in 2015 being perfectly alike the 2016 H&S...
Fundamentaly and also technically Oil looks still bearish. What we do can see is a possible bullish pattern with a small wingspan in comparison to the average dimension of latest swings. Currently I am flat on Oil but watching out for Bats completion a D and with this for a possible trend reversal on lower time frame. Important: :-) If you like my analysis and...
Here is a long trading opportunity on Brent,which is well worth the risk+in my opinion we are not gonna break 30 level,but even if we do and my stops are gonna be taken out-I still think that this trade is worth it! GL!
We have bad news oil complex so our target short position 27.0 or down. This price OIL in III Wave Elliote and this good news for us. The OILWTI dropdown so OILBRENT dropdown too.
Short position at 30,69 Target price 29,00 Stop loss 31,35 I think we might see a new bottom in this trend channel!
PRICE TARGET: 29 DOLLAR STOPLOSS 31,60
here we have a very nice pattern on oil that was formed on the 28th and had an initial reaction. the market then proceeded to find previous structure resistance at a specific level when the pattern completed. now we find ourselves in a very profitable position to place a short since we have some bearish divergence that started at the completion of the pattern. and...