CFDs on Crude Oil (WTI) USOIL

Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel. Oil has broken it's up trend line and we have seen it now super pass the 56.00 mark, our plan now is to short OIL again, US oil of what we are projecting and forecasting is for OIL to hit rock bottom. We have nice...

Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel. Crude Oil has hit its full support, with a successful up trend broken, we can now expect OIL to go down back to the 53.00 region which will lead and break to the 52.00 region.

Cypher pattern 61,8 fib retracement 1,618 fib Inversion

WTI (Crude Oil) A Head and Shoulders pattern was negated last week and now the uptrend is broken. Looks like we have more room for a down move until the blue line gets hit. At that point we can see a reversal or a bigger move down. We closed a Short position today marked with the arrow since we want to wait for confirmation on the next move.

Again, just trying to get enough reputation points to use the group chat lol. Continuing from yesterday's post, I think the price is still very likely to rise, but not as soon as I expected. There is an added indicator to suggest so (descending wedge). If however, the price does continue to fall/does not continue in the white channel I have drawn, the pitchfork...

Head and shoulders pattern

After successfully hitting the 50.00 target mentioned last week I expect CrudeOil to go down in what looks like an uptrend channel after a reversal pattern. There is a resistance at 58's that is my next target only if the uptrend is not reversed in the next move down the next week.

Advanced Harmonic pattern (BAT) already completed. Limit order for better risk reward opportunity or waiting for a confirmation, pion bar candle, bullish engulfing candle

Weekly close above $48 was key. This was backtested on Friday leaving it ready for a move higher & back toward the $52 area next week.

I am expecting price to reach 50 again as per my forecast, today it was quite close but it fell short. I am expecting next week to stay Bullish so the price can fill my target at 50. Looks like WTI (CrudeOil) has reached a bottom and considering seasonality we may see a nice uptrend taking something back from the 2018 brutal selloff.

This is just a play with the ideas for my personal use and for my future reference. There is no financial or investment advice in that post. Oil has been in uptrend until 2008. 2008 was the turning point, together with the expansion of the shale industry that had forced the oil into the downtrend. \u2028Given current fundamental factors such as renewable...

Harmonic Pattern Approaching D point. Target based on 618 on Fibonacci Ratio (C-D)

Potential bounce, wait for confirmation\retest.

Think we have confirmed the bottom on oil. Looking to rally into news of OPEC cutting production.

To all Channel traders, see if this can help. If Crude has finished constructing the channel within which price will progress during its next move down, the marked channel on the chart could provide the framework within which short trades can be taken. Note that this is a 240 channel exploded on the 60 world. Profits can be...

I think we could see this H&S playing out, coincidentally filling the gap on the 1HR. Still waiting on OPEC to finalise how they go about cutting production, I think this needs to be resolved before we move out of this range.

With the resistance broken and a successful retest i would strongly advise buying into crude oil because there is also a meeting on the 6th of December which should boost the oil price right up.

o is it time for a BOUNCE? Look at the evidence, comparing price action and RSI. On the daily chart there is positive divergence showing now (remember not an exact science), but this does show that the recent selling may be abating. So where will the bounce go to? Well using Fibonacci retracements can be a good method for estimating retracement...