oil possible cypherThere is a good entry area for short .Potential shark is looking good.Safe trade.
Oilsell
CL1! / OIL AHEAD OF DOHA MEETING SATURDAY 16th APRILThe Department of Energy reported that U.S. commercial crude oil inventories increased by 6.6 million barrels from the previous week. Gasoline inventories decreased by 4.2 million barrels last week.
Technically,Crude Oil is manages to cross it is previous resistance of 42.25 but did not manages to sustain above the level and showed short term correction.In 4 hourly chart crude oil has formed double top pattern and having neck line at 41.20 & trading below the 21 DMA .Sustain below the level can show selling and can test the level of 40.60 & 40 with the resistance of 42.40
www.tradingsignalreviews.com
Short USOILFundamentals:- Although we had a drop in the API figures yesterday the EIA figures have not been reflected consistently in the Price. The freeze in Oil production is looking less likely to happen with Iran still wishing to compete for their market share. With little hope of a reduction in production the Oil price is likely to remain low for some time.
Technicals:- As you can see from the chart we are in the early stages of a head and shoulders pattern which is indicative of a reversal on this up trend. I will be looking to sell from the top of the second shoulder targeting the 26.00 support price. Learn to trade like a pro for free bankonadam.com
CL1! - Comex Trading Analysis And Market Tips 29th March 2016Overview:
Crude futures were relatively flat on Monday in thin post-Holiday trading, as investors continued to drag their feet ahead of next month’s highly-anticipated meeting between OPEC and Non OPEC members.
On technical chart, Very short term trend of crude oil is bearish on chart. On its, Daily chart, market is taking resistance of 200 SMA . Crude oil is sustaining below 200 & 50 SMA on Hourly Charts. Now it can test the next support of 36.00if it will break the level of 38.30. On higher side it is having resistance of previous significant high of 41.90.
www.tradingsignalreviews.com
LEARN OIL ' MOVES You got to love Mr. OIL - It's moves are not that enigmatic come to think of it - play safe haven if you will.
Up to 35.21 and then south
Comex Trading Tips and Market Analysis - OIL SHORT!! H&S?!Overview :
US oil surges 6.2%, closes at $31.48 a barrel after a group of oil-importing countries said energy stockpiles will grow at a slower pace on monday.
On Technical charts, Very Short term trend of crude is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is likely to be further bullish, it has retrace its recent significant upward movement and still sustaining above the downward sloping trend line. It has been taking support of 50 DMA & 200 DMA on one hourly chart. Resistance is seen at high of $34.80, while support is seen at $31.25. On intra day basis Crude oil price likely to trade with positive biased.
RSI entered in negative now and trading at 47.48.
www.tradingsignalreviews.com
MayBe a better SetUps as we all can`t imagine it35.80 USD: 2.Target (292 Chance)
33.97 USD: 1.Target (109 Chance)
32.88 USD: last Price
32.21 USD: last Support (67 Risk)
You can use the support levels as stop-loss price level.
And both targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
Change/Risk Ratios are 1.63 C/R Ratio (1st) & 4.36 C/R Ratio (2nd)
Change/Risk Ratio = 1.Target/Support & 2.Target/Support
Best regards!
Aaron
CRUDE OIL manifested a trend-around-pattern - at least last week35.80 USD: 2.Target (292 Chance)
33.97 USD: 1.Target (109 Chance)
32.88 USD: last Price
32.21 USD: last Support (67 Risk)
You can use the support levels as stop-loss price level.
And both targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
Change/Risk Ratios are 1.63 C/R Ratio (1st) & 4.36 C/R Ratio (2nd)
Change/Risk Ratio = 1.Target/Support & 2.Target/Support
Best regards!
Aaron
Comex Market Analysis and Trading Tips - US OilOverview :
Crude oil futures for delivery in March traded below $27 per barrel for the majority of the trading session, marking the second time this year that crude has traded around this level. Prior to 2016, the last time that crude oil futures traded below $27 per barrel was in September 2003.
On Technical charts, Major trend of crude oil is strongly bearish and market is making lower top and lower bottom formation in downward sloping channel on chart. Market is poised to be further bearish, it has gone below its recent significant low of $26.19. It has been taking resistance of 200 DMA on four hourly chart. Expanding of bearish gap of 200 DMA and 50 DMA dead cross on technical chart will fuel the down side momentum. Resistance is seen near the significant high of $29.55, while next support is seen at $26 a barrel 2003 low. On intra day basis Crude oil price likely to trade lower today. If it break the support of 26.00 then it is likely to show the level of 25.00.
RSI is still place in negative territory below the mark of 50. ADS is also sustaining above 40 mark with negative DI place above the positive DI, which is showing that momentum would be bearish.
www.tradingsignalreviews.com
Comex Market Analysis and Trading Tips - 10th Feb 2016 Overview :
U.S. crude oil prices pushed higher in early Asian trading on Wednesday, partly recovering from a 6 percent drop in the previous session led by concerns over demand and weak equities. Before that Crude oil fell for a fourth-straight session on Tuesday to settle $1.75 lower.
On Technical charts, Major trend of crude oil is strongly bearish and market is making lower top and lower bottom formation in downward sloping channel on chart. Market look like, it is likely to go below its recent significant low of $27.52. During last week trading session it has been taking resistance of 200 DMA on four hourly chart. Expanding of bearish gap of 200 DMA and 50 DMA dead cross on technical chart will fuel the down side momentum. Resistance is seen near the significant high of $33.55, while support is seen at $27.50. On intra day basis Crude oil price likely to trade lower today. If it break the support of 27.50 then it is likely to show the level of 26.00.
Indicators
RSI is still place in negative territory below the mark of 50.
Comex Trading Tips and Market Analysis 9th Feb 2016
Overview :
Oil dropped below $30 a barrel in New York as equities tumbled and no agreement emerged from Venezuela’s tour of crude-producing nations. Speculators’ short positions on crude were near a record and Crude oil Futures fell 3.9 percent.
On Technical charts, Major trend of crude oil is still negative and market is making lower top and lower bottom formation on chart. Market look like it is likely to go below psychological level at $30.00 again. During last week trading session it took resistance of 200 DMA on four hourly chart. It has been trading below 200 DMA and 50 DMA appearance of dead cross on technical chart. Resistance is seen near the level of $33.55, while support is seen at $29.55. On intra day basis Crude oil price likely to trade lower today. If it break the support of 29.55 then it is likely to show the level of 28.00.
Indicators
RSI is still place in negative territory below the mark of 50.
Best of luck trading guys and let me know how you get on!
www.tradingsignalreviews.com
will be the V?elongation in the wave III
waiting V, after correction ...
In most cases, if there is of stretching in the third wave, the fifth wave is the twin of the first, respectively the purpose - in the region of 27.
SHORT OIL / Brief BreakdownJust a brief breakdown of the recent Oil decline. Recently broke below the $30 mark which saw price retest this for resistance and continue to sell off.
I believe that we can see more downside on Oil and will be a confident buyer at $25.13-$23.61 and $17.63-$16.11
Great zones there for buying Oil which are the only 2 key supports that I see now that we are below the $30 mark. I expect further downside.
