Trade4God

Trade4God

Hello oil traders and Happy Friday! I have been watching things for a while and this has been a crazy month. I predicted we were going to be in consolidation until about November and we pretty much were only breaking out due to the Saudi oil refinery attack. Since November 4th we have been trading sideways and I believe we are building a new resistance around...

Trade4God

Happy Thursday Oil Traders! A very interesting day on the 15 minute chart. We started off with an Engulfing Candle that encompassed the previous 6 candles followed with a down candle, and price fell significantly. Then we had a weak Inside Bar followed by a small up candle and price rose slightly. Now we have a new Inside Bar with a small up candle. This time it...

Trade4God

Hello oil traders! I went back and looked at oil from multiple charts and settled on this daily chart to submit my suggestion. The light red consolidating channel is my original channel. The light blue is the one I added and readjusted a while back in August to show what looked like a new trend. Then the attack on the Saudi oil refinery happened, the market...

Trade4God Updated 

Happy Friday oil traders! On the 15 minute chart I see an Inside Bar formed with a positive next candle. Does this mean the price will continue to climb? I am taking a chance on a potential small gain. I entered in at $54.35. I would expect to see a gain somewhere between $54.85 and $55.00. SL set to $54. Let's see what happens and hopefully everyone will have a...

Trade4God

Hello oil traders! Finally seeing oil creeping back into the lower channel wedge to hopefully stay in consolidation for a little while longer. Will it stay? Only time will tell. I am expecting oil to return to $56 range before going any lower. I am also only expecting dramatic world news to affect any major movement before the end of the year. At this point I...

Trade4God Updated 

Hello all! I hope you all are having a blessed trading day! I just saw this Inside Bar form on the 15 minute chart. Could be a potential quick turn pick up. I am expecting the level to rise to the $52.50 area (where there appears to be a little support), prior to market open. After that, Tuesdays are usually a negative day, so expecting it to return below $52,...

Trade4God

On the 15 minute chart looks like an Inside Bar has formed with a positive trailing candle. This typically means at least some short term growth. I would expect USOIL to break $53 today before doing any retrace downward. Stochs and Moneyflow are in agreement. Trade safe and always use Stops to prevent major loss. Have a great weekend!

Trade4God

Happy Hump Day oil traders! Maybe today could be a turning point for a while. Last 6 days have been sell days and push oil prices down to the bottom of my original channel in red. Stoch RSI and Money Flow have change directions indicating this could be the day for a change in directions. I am expecting upward movement to at least the top of my original...

Trade4God Updated 

Happy Friday oil traders! Looking at a potential quick money grab for the weekend, (my anniversary is tomorrow.) :o) Stochs and Moneyflow are maxed out at the top. Price should come back down to red line which represents the high daily volume. Trade carefully and always use stop loss. Have a great weekend! Entered Short at $56.16 SL @ $56.36 TP around...

Trade4God Updated 

Hello oil traders! Looking at the 15 minute chart there appears to be an opportunity to make a small gain. Stoch RSI and Moneyflow are both rising. Expect to get back at least to VWAP. I entered at $55.90. SL is set at $55.70 and expect to take profit at $56.40-56.50. Let me know what you think.

Trade4God

Hello oil traders! I just saw this on USOIL. I haven't seen an Engulfing candle that was also an Inside Bar. Following candles going lower. Looks like it could be a shorting day. Trade cautiously!

Trade4God

Happy Friday oil traders! In looking at the chart, discounting the Saudi oil field attack, we are still on an upward trend. However, we are still at the top of the new light blue channel. I believe we will still move up, but we have not returned to the bottom of the channel in a while. Hourly, 4 hour, and Daily charts are not supporting either direction in a...

Trade4God

Happy Hump Day oil traders! Now that we have seen the immediate return to near normal (kind of makes you wonder what really happened.) We see oil coming back into the channel. I don't see much support above mid $57s so I am placing my bets that oil is going to drop towards the bottom of the wedge.

Trade4God

Happy Friday oil traders. After taking a beating this week, USOIL appears to be done dropping and will likely finish out the week above $54.50. Based on the daily chart, I have reason to believe next week will be more positive. Over the last couple of weeks USOIL has broken the upper consolidation line multiple times and since the beginning of August has been...

Trade4God Updated 

With the Engulfing candle forming and the Stochs and Moneyflow heading down, looks like a shorting situation.

Trade4God Updated 

Happy Friday oil traders! Here is my take on USOIL today. Today appears to have an upward moving channel. The S&P500 supports this as it is currently up 9.5 points in pre-market. USOIL has been following the S&P this week so I would expect to see another jump back up to $57 range. I don't think we will see any major movement today. Everyone wants to have a happy...

Trade4God

Hello oil traders, and happy Friday! I posted a little bit ago about what I expected to see for today based on the 15 minute chart, but that is not working out, so I decided to take a longer look on the daily. Based on the 2019 high close of $66.15 on April 23rd and the 2019 low close of $51.06 on June 12th, USOIL has been in consolidation mode and has not closed...

Trade4God Updated 

The roll over has begun. The stochs are bottomed out for the most part and money flow is low. The big drop in the current candle, I believe is just the beginning. Oil has been up all week and has pierced the upper limit on the channel, but hasn't busted out. I believe we are going to see a drop all the way back into the $53s. If it goes past that, I expect it will...