Crude
Crude Oil.. OPEC..The stage is set...Let the drumrolls beginWill it do what it always does? Thats the question that will be answered today. No risk no gains...
Crude Oil set up..Bull & bearIts not what we see and do that happens... lets see how this works out...
Crude Oil studyCrude oil has been trading within a broadening pattern and we will be looking forward to grab the next move depending on the price action.
Currently its at the megaphone resistance. We will wait and watch for now and take a position based on the current candle close
Crude Generated short signalCrude oil broke support, the trend is likely to set. Keep eye and enter trade
Brent Crude-Shorting OpportunityBrent Crude-Shorting Opportunity
Low risk high reward short trade coming in this.
Good to short near 68-69.5 with SL above 71
for target 62-58
WTI CRUDE OIL (WEEKLY)Chart Advise has been recommending in its advisory for a a CRUDE OIL buy and the view has been fantastic. The steady upward traction seen on the charts since the past few days once again reiterates the point that the prices always speaks ahead of the move. I have found Pitchfork to be quite an important weapon against the trend. It has helped me several times to forecast in the right direction. We had mentioned in the GAME CHANGERS(Money Control) newsletter about the CRUDEOIL reaching 3350 on MCX and on the Dollar terms around 53. The potential looks to be much more as the possibility of heading towards 56 is on the cards .
The Weekly chart looks ominous and the potential is gaining momentum as the positive DI lines are beginning to head higher. The strong trended action to the upside will now be able to stretch further an reach towards the upper channel. Positive vibes continue to flow and the steady higher lows continue to indicate a run to the upside.Look to initiate long at current levels or on dips towards 50 as possibility of heading upwards is very much on the cards.
Crudeoil Parallel channel setupCrudeoil has been trading withing a parallel channel.
please use this chart as a reference in addition to your analysis.
Crude OilLet It Break decisively.
Till then you can take advantages of intra-day short ranges.
But do that with strict risk management.
Finally the pattern at present looks Bullish, BUT it can go either way.
Because on the flip side of it - COT reports are Bearish, open interest is at record high and Commercials are record short(more than they were at 2014 drop from $108).
I personally will like to side by COT reports.
Lets SEE!!!
Crude OilStill Playing between the two Levels & DIRECTIONLESS
Until it breaks either level convincingly, look for small and short term trades on lower time frames.
I will personally have a short side bias.
CrudeOilI am planning to short Crude oil if it breaks down in the evening US session, using lower timeframes for entry.
Nice Risk Reward
USOIL Breakout Strong Resistance - LongUSOIL looking out to break the strong resistance of 51.65 level. Once if the price break the 51.65 level the further uptrend may come upto 61.15 level.
It's a short term recommendation.
Trade:
Buy above = 51.70
Target 1 = 56.60
Target 2 = 61.05
Stop Loss = 45.00
Total Reward Points = 9.35
Risk Points = 6.7
Crude OilI will Favour Shorts Below 49.50 and Longs above 54.50 with bias towards Shorts
Happy Trading and Happy Christmas.
Crude Oil - I am Staying AwayGap UP on Monday, Distribution and the kind of price action of last 2 Days, I am staying away from this market for the time being. i will be interested in going long only between 55-60 Level.
Crude Oil Wait 4 Confirmation Buy SideCrude OIl Weakly Chart Show
Head And Shoulder Pattern
Trade Only
Close Above Neckline
Storg Up Move Crude Oil
My side Target
$61...
$66...
$73..
HAPPY TO HELP
CL1 WatchoutCL1 watchout again, yesterday from 47.80 it made 49.20 till now and came back now again to that level @47.80. Now what?
Now as CL1 is giving a negative breakout so if it breaks 47.70 then we can see a downfall upto 47.45/47.10, on the upside it should not break 47.90
Crudeoil - Long BetCL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
