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Crudoil

CRUDOIL OMG OIL in many cases is used to maximize the profits of countries that are producers or have important stocks to have easy income at the expense of an energy inflation and therefore that destroys the real economy. If scenario '' a) '' were confirmed, we would be faced with a historic oil record with unprecedented damage to the real economy. $ 175 / $ 200 Please tell me that's not true ... However, we remain hopeful in option '' b '' a controlled return to acceptable prices despite an energy crisis $ 85 / $ 80 We will follow the developments. For more informacion contact us on private LPI.sa
NYMEX:CL1!
by LPI_Investments
Short Oil @ 59.60 - 60.00 area Fib 0.50 line. Oil has had a nice bounce from the Jan 2019 lows, and I believe it's time for a little pullback. This 59.60 - 60.00 area is an important pivot point, exactly sitting at the Fib 0.50 line, which will prove very hard to be broken. We consolidated in this region back in 2015 and fell hard. Remember that we are in a secular bear market, and this up movement from the Jan lows could be seen as a bear flag. First price target is 55.5, and then a second, a little aggressive price target would be 50.5. Given that the general equity market fundamentals point to a pull-back, shorting oil will be high probabilty trade. Enjoy the profits!!!
FX:USOILShort
by UnknownUnicorn4347975
CL - Crude with three potential targetsThis is a wild ride, but we are not unhappy don't we ;-) The prior LT chart gave us a great indication about the fall. A closer looks reveal that the drop from above is the logical swing that markets do. Targets? Well, we have a couple of them as you see on the chart. See the circles? One at the A/R-Shift, and two other ones at the different centerlnes. First I even expect a pullback, since markets swing. The yellow, thin down sloping mini Forks centerline is key! If price jumps above it, we can expect a bigger pullback. If price just test/retest it, then another entry is praying to be taken. So, let's be patient, ride the grumpy bear and see if we can load up some. P!
NYMEX:CL1!Short
by Tr8dingN3rd
3
CL - Crude on a test/retest bevor the breakdown?Here we have it picture perfect! On the left side, you can see the big sine-wave-swing. These sine-wave swings often get broken fist, before a further movement in the original direction. And so it happened. Price was not able to move further north. Oil organisations did all to keep price up - even manipulating in the news... As I wrote in the previous post: The market makes the price, not a organisation and not even a talking head. We must understand that the value of everything is determined by the trust and distrust of us, the people, the consumer, the markets! In my last posts you could (and thanks to TradingView you still can) follow my analysis and see how it evolved. It's not about my analysis - it's about the framework I use to be able to make such projections and forecasts. Everyone can do this by learning it... Back to the chart: So, we broke the big white centerline. As the framework dictates, price comes back to where it broke out and test/retest the centerline again. If price fails to jump back above the centerline, then we have a very high chance to go down to the next line, the L-MLH. If you are interested in more information about the Fork Trading Framework and how to apply it to the markets, just drop me a private message. I keep you informed about my new course material, coaching and services. Peace!
NYMEX:CL1!Short
by Tr8dingN3rd
2