Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 50.70 on 06/05/2019, so more gains to...
CL has made a spike low near crucial Long term levels of 51.90. Here is a potential contrarian trade set up with 3x win opportunity , plan being this low should hold for the pullback to be valid, else we should look for a test and break of 51.90 areas
Oil short pattern has opened, At the same time the bear momentum gradually amplified, Investors are advised to focus on the opportunity to short after the pullback. Sell Limit 60.40 TP1 57.60 TP2 55.50 Follow me! Show U The Money! ---------------------------------------{DRonnie} 2019.05.30 uk
Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: The RSI support #1 at 43 is broken, so the probability of beginning of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price...
According to elliot wave crude oil is travelling in 5th wave 1st target is 42.60 2nd target is 26.20 will reach 22 and rally towards 64 and 78.
WTI crude oil will take a pause@ 54.59 to check resistance 57.87
Hi Trader, I have found Bullish Gartley in Daily Chart . I have share perfect entry point, exit and stop loss point. This is Long Term trade plan. Wait for next week price will retrace entry point. Give Like for support.
Midterm forecast: While the price is below the resistance 60.95, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 60.95 is broken, the short-term forecast -beginning of downtrend- will be invalid. We will close our open trades, if the Midterm level 60.95 is broken. Technical analysis: The RSI support #1 at...
Crude looking to reach near 60.467 and fall from there is possible till 57.376 waiting for a strong rejection near 60.467/480 and would be looking to short with an SL of 61.50.
AS PER THE TREND SELL TREND CONTINUE, WILL AGAIN @ 64.10 AND GOES TO THE TARGET AS PER MENTION IN CHART