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Crudeoilwti

CRUDE OIL WTI PENDINGCRUDE OIL WTI WEEKLY Target has been reached and finally its come! So now... we are currently waiting for a clear breakout or bounce by waiting for the WEEKLY candle to close on AUGUST. 5TH.2016! Although it may break below , it doesnt necessarily mean it'll continue to drop UNLESS.... it closes below on the weekly! Because if you look at the previous shoulder, it dropped below the S/R but ended up pulling itself back up and closed above it. SO... if you want to find out its direction, wait for the weekly and enter based on that! goodluck! IF.. it does respects it, we would be seeing it go to the UPSIDE and TP would be at TP #1 at 44.33 If it continues to move up, TP #2 would be the highest S/R at 49.66
FX:USOILLong
by scalpking
Oil: Long term monthly short setupWe have a very clear cut case for a short in oil (and a long in USDCAD here). Entry at market is fine, risk half initially and add on pullbacks if it happens to reach a full size position. Stop loss above April's high, and aim for 19.47 here. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by IvanLabrie
CRUDE OIL (WTI) PENDING FOR A SELLCRUDE OIL WTI SHORT There been a major consolidation between the 2 lines drawn there at 49.66 & 44.33, It's printed a bearish engulfing 2 weeks ago but still managed to consolidate at the other S/R, so what in order to short it, the candle MUST close below the 44.33 mark. TP would be at the next S/R which is 39.85. IF it prints a BULLISH ENGULFING, then we may consider a buy up to 49.66... OR better yet, be patient and see how it plays out near that level. For now, we are eyeing for a short once the break happens.
FX:USOILShort
by scalpking
CRUDE OIL VIEW WITH POSSIBLE CYPHER PATTERN [LONG]HI All, This is my first post in TradingView. A complete hypothetical view from my side. Here is my 4hr TF chart with possible Cypher Pattern. I am expecting this current upside of crude will last till $4940 to $49.90. And it would fall back(retrace) to $44.3 to $44.80 zone. We could it for short position too with $51.5 but it would be a bit risky. Obviously it would take a 2-3 months time to complete the whole pattern. I am looking for long position once it falls to $44+ zone with $42.30 as SL. FX:USOIL
FX:USOILLong
by Gallop
5
They broke the uptrend but are reluctant to sell it further.Crude did not roll over and die after breaking the uptrend. A BIG emotional candle after a disappointing eia report broke the trendline dating back to january, but what puzzles me is why it did not break down further after the retest of that line from the back. Maybe they are anticipating the BIG DRAW eia report on wednesday and therefore hesitant? Or is this just a corrective structure (the overlapping price action would fit that) and are we coiling for a bigger move up? As always, price will tell us. I have marked out some possible scenarios.
NYMEX:CLQ2016
by copydrbij