Crude | Forum Forex de Myfxbook

Tradertof

Membre depuis Jun 21, 2017 posts 13

Jul 09, 2017 at 07:33

Membre depuis Jun 21, 2017 posts 13

For today

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YueWang

Membre depuis Apr 21, 2018 posts 66

May 14, 2018 at 06:47

Membre depuis Apr 21, 2018 posts 66

Intraday Elliottwave Analysis: Oil, a potential rising wedge formation?

Short term we see a potential rising wedge formation.

Once downside resolved, some deeper correction could not be ruled out.

If not, the trend may directly surge higher.

It's too early to build short positions against major trend until we see a clear reversal sign.

If today no touch 71.02 and close below 70, I highly suspect a small top may already formed.

However, above 60.32, there's no major resistance until 74.95, 79.93.

Daily support Levels: 70.38 70.01 69.92 69.78 69.48 69.34

Daily resistance Levels: 70.96 71.02 71.15 71.48 71.51

Intraday Trade Idea:

Sell Latentinterest Order: 71.32

Buy Latentinterest Order: 69.34

http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!

forex_trader_528040

Membre depuis Jun 05, 2018 posts 13

Jun 06, 2018 at 08:39

Membre depuis Jun 05, 2018 posts 13

I am bullish on Crude.

alexforex007

Membre depuis Oct 11, 2013 posts 775

Nov 09, 2018 at 03:44

Membre depuis Oct 11, 2013 posts 775

The price of WTI oil continues falling and completes nine consecutive sessions to the downside. The price of WTI oil breaks below the 200 week EMA at the 61.54 level and it is getting closer to the 60.00 level where it may find some support. But the bearish trend is still in place and the price may fall to the 58.00 level. On the other hand, the price is clearly overextended to the downside and prone to a correction. In case of a pullback, the 61.54 level where we can find the 200 week EMA, could act as resistance, followed by the 55 week EMA at the 64.46 level. The 55 day EMA has changed its direction to the downside and that is an indication of a trend reversal on the daily chart.

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alexforex007

Membre depuis Oct 11, 2013 posts 775

Nov 17, 2018 at 05:02

Membre depuis Oct 11, 2013 posts 775

WTI oil continued dropping towards the 56.00 zone where it finds a good support, but consolidates around that level. The price is actually stuck between the 56.00 and the 58.00, but the bearish trend is still in place and it could go back down. Below the 56.00 level, the price of WTI oil has the road clear to the 49.00 level. Above the 58.00 level, its next resistance is still the 200 week EMA around the 61.35 level.

alexforex007

Membre depuis Oct 11, 2013 posts 775

Feb 14, 2019 at 04:08

Membre depuis Oct 11, 2013 posts 775

WTI oil has been consolidating for the past 25 sessions around the 53,00 level and the 55 day EMA. From the current levels, the price may head in any direction.

Akram101

Membre depuis Feb 14, 2019 posts 11

Feb 14, 2019 at 14:54

Membre depuis Feb 14, 2019 posts 11

If no data /politics comes out I expect WTI to start falling within the next 10 sessions. Current move up has stopped and recurrance of fall is likely

4MoreYears

Membre depuis Feb 21, 2019 posts 11

Feb 21, 2019 at 15:21

Membre depuis Feb 21, 2019 posts 11

Maybe turning now. move up is losing momentun. Still a bit early to enter short for me. Crude has a habbit of going up and up

alexforex007

Membre depuis Oct 11, 2013 posts 775

Feb 22, 2019 at 00:40

Membre depuis Oct 11, 2013 posts 775

WTI oil has found a good resistance around the 57.00 level from where it may bounce to the downside, maybe towards the 53.00 level. To the upside, oil may find some resistance around the 60.10 level where we can find the 200 day and 200 week EMAs.

CheCheChe

Membre depuis Jan 07, 2019 posts 12

Feb 26, 2019 at 07:06

Membre depuis Jan 07, 2019 posts 12

here comes the drop. Price has falled $3 already today. I can see oil getting down to $50 a barrel over the next 2 months

alexforex007

Membre depuis Oct 11, 2013 posts 775

Mar 13, 2019 at 15:39

Membre depuis Oct 11, 2013 posts 775

WTI oil makes a new daily high around the 57.90 level, probably trying to reach the moving average confluence zone between the 59.00 level and the 60.00 level. In that area we can find the 200 day exponential moving average along with the 55 week and 200 week.