USOIL down. TP 42Ascending triangular correction pattern. Entrance - from above, hence next move - down.
SL 48.5
TP 42
48.4-48.5 strong resistance level on daily chart.
Usoilprediction
USOIL - selling based on Mongerskit Trading SystemWe had a sell signal from the system, so we know the general direction of the pair, and now we are facing a pullback after breaking support, will sell after the pullback is over.
USOIL Good to short againPair Direction Time frame Entry Price Reason Stop Loss TP-1 TP-2
USOIL Sell Limit 4H 53.3 Fibo-0.768,Pressure Level 53.80 51.80 50.10
USOIL Sell Limit 4H 53.8 Fibo-0.768,Pressure Level 54.40 51.80 50.10
USOIL Sell Stop 4H 52.7 Break Support Level 53.30 51.80 50.00
USOIL Still bearishHi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Short OIL: VICTORY!After 2 months+, oil is developing into a rampant bear. This in my opinion is the initial move of a general bearish trend to come. My first target is $48, as I said in my first post on this trade 2 months ago, with the possibility of a second target of $44-42.
This point will not contain any analysis or further explanations, as I have already registered my opinion in the 3 previous posts.
Just wanted to congratulate whoever stayed in this position. Enjoy your profits.
Oil long: Too badWe failed to break the 200DMA on the weekly chart. On top of that we had a clear reversal candle and volume on 3/14/2017 (idea thanks for Chartwatchers. Furthermore, all indicators are signaling a bullish pivot.
I am not sure how long this bull will last, so I will have a tight stop-loss.
Expanding descending wedge indicative of much higher oil prices200 week moving average is providing support also.
usoil short first . what a pity .here can not use chinese.In July 2015. Crude oil has reached Andrew fork Central Line position. Rebound. But is very small. In this position again to start a sell-off. Are you ready
USOIL Choose short entry 54, SL -55.00 It has been quite long that we did not do any OIL trade
since the last time break out(52.5).
But on 23th Feb I found a structure that has reach pressure zone.
And we tried to sell @54.7,and closed @53.5,got 120pips profit.
54.00 is the previous support and now become resistance.
Choose short entry here, SL above 55.00
Aim 51.5 !
I hold a point:Good charts does not more words to explain! Good luck!
The process of losing all margin in generalThe process of losing all margin in general:
1 the first few deals are profitable, usually at 1pips to 10pips
2 traders feel good, I think the correct rate is 100%
3 start a new transaction, in the case of 100% confidence, no longer set SL, and then began to float loss.
USOIL - 3TH WAVE IN PROCESS? (Other perspective)Third WAVE is trying to take shape but fundamentals don´t help.
If good news take presence in the next days or weeks, we can see the 3th and 4th wave.
And the correction of 3th wave probably will be very short because 1th wave is very long.
See what happen!
USOIL SHORT: OPEN THE GATESAfter the Daily Key Reversal last week which also helped form a doji on the WEEKLY, I am convinced that from this week and for the following 3-4 oil will go down. RSI and STOCHRSI have topped on the weekly and are reversing as well as the MACD.
My first target is $48 and then $44-42.5
Oil - ShortBear divergence, overproduced, OPEC deal won't last, etc.
I believe this will go to sub 50 levels. I shorted today at $54.05, and will be adding to my short position around $52.
WTI Crude oil projectionHello swing and patient traders, I see a buy opportunity on the USOIL. The setup is good for me to buy but unfortunately, I don't take trade with R:R < 1:2
For those interested, it my be a good buy opportunity.
Buy the retest of broken resistance!Oil breached the strong support area at 51,50 area that should act as support now. Buy the retest on that level which happen to also be at 0,618 fib. level.
Like if you agree, follow and support please!
UKOIL IDEA !I WILL LOOK FOR A SELL IN THIS CASE GUYS WHEN THE PRICE WILL HEAT 0.786 FIB ZONE I WILL SEE HOW THE PRICE WILL REACT AND IF IT FALL BACK IAM PUTTING A SELL AND LONG TERM TP @44.00
USOIL SELL OPPORTUNITYRISING WEDGE AND FIB 0.786 RESISTANCE HOLD GOOD !
I AM THINKING FOR A SELL ORDER AND TP1@ 43.50 AND TP2@37.50
