crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 53, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit another peak, the risk/reward favor is a move back down, unless we break out above $53. The ability of the industry to…
crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 50, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit Another peak, the risk/reward favor is a move back down, unless we break out Above $53.OPEC is struggling to balance the oil…
Crude Oil Prices Forecast Analysis Update Crude oil technical analysis Will the history repeat itself ….. well if you ask me the answer will be yes !We saw today almost 7% move in crude oil price, OPEC agrees first oil output cuts since 2008, an agreement was in line with an accord reached in Algiers in September. OPEC member Algeria…
crude oil prices technical analysis update The same story repeats again ….. CRUDE OIL COT position and MAP position In terms of positions monument, we can see some interesting stuff There is more room for decline – short traders advantage pay attention Periods of june 2015 with oil Positions And again in the same story in august 2016 There is…
CRUDE OIL PRICES TECHNICAL ANALYSIS Let’s start with the lows at 26$ and the expected run to 50 areas: it was written here now I’m going to focus and test the sıtuatıon we have ,There are several interesting thingsFirst, as I mentioned in a previous post – the oil is going to close the Gap area of the $ 40, and…
The Dummies’ Guide to Crude Oil Crude oil the Current Situation:There are several things on the graphWeekly overview image, there are two very significant Candles: The First Candle is a candle closing Bear 51.70 and 48.90 in the second candle on the other hand is a bullish candle with a bottom closure in 45.70 and 48.90 zoneThese candles can learn…
Why you should trade Crude Oil price in and out After the pattern archived: as I mention the last post- the pattern suggests the bullish trend, for the coming trading sessions, pointing that the prices creating a possible bullish pattern that its confirmation wti level situated at 39-40 $, from looking at the charts we can see also the resistance at 42-43…
Here Come New Ideas for Oil From my last post on February: last post shortly all targets reached!A lot of talks and posts about politics Government relations – Supply and Demand-Iran and Saudi Arabia And more and more endless story and causes ..that’s the reason I’m trying all the time to focus on the charts they tell us all the story without involving HeadachesAnd emotion.now if we look…
crude oil technical analysis update From my last post:http://www.daytrade-profit.com/“from Looking on number of things, I get some other impressionsFor a long time, I analyze the relationship between the Canadian currency prices and oilI spoke about this correlation many times in recent years.now i see there two patterns who catch my eye:oil chart is in Type of building wedge, it could…