Hi. I'm a begginner. That's my vision about WTI for next few days.
# Technically Crude is at Long Term Lower Support Line # Magnet is in very favorable position for a Big Move # Time Frame for $ 20 to $ 40 is 6 Weeks # Weekly Charts have Positive Crossover of MA for Long Term UP move. # OBV on Daily charts have Positive Divergence
REFER THE CHARTS, EXPECTING MARKET TO MOVE UP IN COMING SESSIONS.....
REASON FOR SELLL CALL: 1) SOLID SUPPLY ZONE REACHED AND REVERSAL FOUND 2) DAILY TF TRENDLINE REVERSAL FOUND 3) REVERSING FROM ASCENDING CHANNEL TOP TVC:USOIL TVC:USOIL
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (56.22). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USOIL is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Crude Oil might head towards $54 & below levels if the given breakdown is sustained
WTI Crude OIL very long term analysis - www.researchgate.net
Will WTI travel on the road on Inventory?
Short UKOIL - Target 62.50-63 Confirmation - Long Upper Wick We are presently within a triangle. Crude to head lower. Target - 62.50-63
As Per early post US crude oil target achieved Bullish till stay above 60.3 for 61 & 62
Prices have fallen below their two-year upward path, There is a high probability of a bear market in the future. Investors are advised to stay bearish for the long term. Feel free to contact me if you have any questions ! Follow me ! Show U The Money ! ---------------------------- 2019.06.24 in
Midterm forecast: 60.15 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 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019,...
Prices are still being held down by a downward trend line, Investors are advised to stay short. If prices break above the trend line, we can go long again. Sell Limit 54.40 TP 51.30 Follow me ! Show U The Money ! ---------------------------- - 2019.06.11 in
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...
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