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Wticous

Resistance is located at 92.00 and should cap gains on WTICOUSWTI - Intraday - We look to Sell at 91.78 (stop at 95.24) The medium term bias remains bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 92.00 and should cap gains to this area. We look to sell rallies. Our profit targets will be 84.10 and 82.00 Resistance: 92.00 / 100.00 / 112.00 Support: 84.00 / 68.00 / 50.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:WTICOUSDShort
by OANDA
1
West Texas Oil to remain underpressure?WTI - Intraday - We look to Sell at 96.74 (stop at 100.41) The medium term bias remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. There is scope for mild buying at the open but gains should be limited. Further downside is expected although we prefer to sell into rallies close to the 97.00 level. Our profit targets will be 88.17 and 86.00 Resistance: 97.00 / 112.73 / 126.60 Support: 88.00 / 76.50 / 60.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:WTICOUSDShort
by OANDA
WTI Oil fractal playFractals or not really a thing in this market, but i just had to show this one because it looks so similar. I remember back in Sep/Oct that the last big wave up was just to bully out the bears before it would drop. This last move of the past week gives a similar feeling to me. So i took a closer look and i remembered the movement of 2018 and seeing these similarities. A good confirmation would be a decent push down tomorrow towards the 55.0 at least, then a correction up below a resistance level . If we see something like that happen, i will probably short it. Previous analysis:
TVC:USOILShort
by botje11