Crude might correct after heavy rally. Regards, TiZ www.tradinginzones.com www.youtube.com
POSITIONAL SWING TRADE IN BPCL 2ND TIME AT LOWER LEVELS SEPTEMBER FUTURES BUY@360 STOP@352 TARGET@390 LOT:1800 QTY:2
WTI US Oil prices have contracted forming a triangle, almost cornered right through. Expecting a break soon. Most likely with the upcoming API/Inventory data.
Expecting a dip today, which could lead to long accumulation thereafter.
1) Listing of ONGC Videsh on foreign exchange will reprice the stock 2) Iran sanctions coming up in Nov 2018 ; which shall increase global crude price 3) Stock has been undervalued for long time because of HPCL takeover and possibility of govt levying oil subsidy 4) stock has broke 5 months trendline with good volumes5 SL -170 Risk reward ratio looks favorable
Crude (USOIL) Breakout 23.6% retracement. Hope it will go for 61.8% next. In long term view (few months) chance to touch 80$+(Fibonacci Extension )
Buy USOIL between 65.80-66.20 T1: 68.20 T2: 69.70 T3: 71.00 T4: 72.75 SL: 64.76
Short OIL check chart for levels
Hello, I think WTI is in a fabulous uptrend with target about 88 USD to 90 USD! Now we are in a corrective wave 2 pattern which belongs to a final wave 5 of 3 as you can see in the chart above and below. WTI closes the final wave 5 of 3 as a so called ending diagonal. The green box shows the expected area where wave 2 comes to its end (at about 66 USD, I...
Oil prices likely to climb up due to iraq sanctions. Stock has broken weekly support of 82.5. It should fall this week. Target 78 SL-82.5
Charts show multiple build up ranges. Considering time cycles, we're are in short term bearishness. Which would change post a break out above $71.50 while a strong support area can be observed around $66 levels.
Based on Historical and Technical Analysis . Crude Oil -0.28% Might Fall as per Fundamental and Technical Anlaysis and above Trade has Tight Stop Loss with Good Risk-Reward. Enjoy and Comment.
Oil is forming a triangle on intraday time frames. Looks like a good opportunity to trade range breakout today. Prepped-up for both long/short opportunity with a Stop & Reverse strategy.
Oil is favoring a long position owing to the trendline in the figure. The Risk:Reward is favorable.
Short NATGASUSD between 2.775 - 2.765 T1: 2.715 T2: 2.670 T3: 5.635 SL: 2.793
WTI can be a positional long owing to the trend line below it. The Reward:Risk is good. Oil is in an Uptrend.
Breakout above 69.50 may take to higher levels and looking good buy with a stop loss of 67.