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Oilcrash

The continued short of oil..So I didn't sell any of my $54 oil shorts today when it rebounded, I just moved my stop to break-even. Today we saw a major miss in inventories, which was initially bearish, but was somehow bullish? I'm still short because of the numerous reports that essentially the OPEC "cut" is garbage, and on top of that oil inventories are growing, while demand remains stalled. There's still a bear divergence in the RSI, but we must carefully watch the $52 transition area (in blue), as a strong break above could signal a higher high.
FX:USOILShort
by GeorgeJimas
Short OilContinued idea from previous. 1 - The current trendline looks to be tested within the next few days, look for a bounce (long), or a break (add short). 2 - This red horizontal bar is around the $52 area (key transition area), it broke today, and closing below it over the next few days will be a good sign for shorts. 3 - Most big players got out December 30th, which points toward this level being a top for the time being. 4 - Today's drop was based on low volume, therefore we must be careful over the next few days. However, due to the large selling on December 20th, this may be all the volume necessary to truly break $52. Look for a weekly close below this level for a longer-term bear. 5 - RSI broke trend. This points towards an RSI heading towards oversold, with the price following.
FX:USOILShort
by GeorgeJimas
7
Head & Shoulders Formation on Oil ChartThis is not a a favorable risk/reward setup at current price but still a possibility. At the time of publishing this chart, prices were at 43.17 and since we have just touched the long term trend line that is drawn from below 30 dollars level, definitely a bounce can be expected. Also, selling pressure is expected to once again be visible at higher prices. Short positions should be taken in parts at various higher levels as the stop loss is almost as equal to the profit potential target.
TVC:USOILShort
by tomriddle92
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
FX:UKOILLong
by Devise2Day
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
FX:UKOILLong
by Devise2Day
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
FX:USOILShort
by piponomics
When predicting micro moves, remember the tide matters... Saudi Arabia controls the price of oil. Once you understand that, all technicals need to include variables for real world political manipulation of the worlds most important commodity. .... "Church of Krümel" Back in the day, there was a King, he turned off the blood supply to the industrial world. The world went into chaos, wars started... wars stopped. In the end the world found that one country... No, one man controls the affordable supply of the earths most important commodity . Agree or not with anyone's politics, technical reads, or overall forecasts... My approach is to start with the above in mind. Until we have a new king or new war, I see no reason to buy oil. Micro channel guys will laugh.. So much money to be made in the foam. This is true, though they may spend more time stressed that their finger is faster than a sword. I just invite those to know there are other ways to skin this cat.. Ways that allow for thought and time to walk outside. Charting has been around a long time. The tools are better.. but not always the results..
FX:USOILShort
by BigEz
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.
FX:USOILShort
by piponomics
5
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 $29.55. On intra day basis Crude oil price likely to trade lower today. If it break the support of 29.55 then it is likely to show the level of 28.00. Indicators RSI is still place in negative territory below the mark of 50. Best of luck trading guys and let me know how you get on! www.tradingsignalreviews.com
FX:USOILShort
by piponomics
8
OIL BEARISH, WILL BREAK BELOW 58-62 CHANNELWhy? TA: -RSI Bearish Divergence seen clearly on daily -MACD, Stoch(blue on PTS) Divergence too -CCI going down, bearish -ADX is showing lack of bull trend strength, bear trend rising FA: -EURO WILL GO TO PARITY, very strong dollar coming up in june, see EU related post -Inventory data too negative, will now likely shoot up, Api should show from -5.2 to something less negative, making oil bearish -US rate hike, GREXIT possibility, can make dollar strong IF this bearish scenario fails, then oil will continue to stay in channel. The only way oil breaks up above 62-63, is a weaker dollar than before. OIL needs to break above 200EMA on daily, which is at 64$, for oil to become bullish. Until that happens, oil stays bearish or in channel mode. That is all. Stay tuned for more!
FX:USOILShort
by a01
1