FX:USOIL   CFDs di Minyak Mentah (WTI)
2623 18 65
After breaking down the 200 MA 8 days ago oil             recovered. We had 2 down days and almost tested back the 200 MA again.
I was waiting for a trick but it seems Saudis really want now oil             to go up again. So their statement was true yesterday as today we had a follow through. I catched the bottom at the 200 MA so I'M not worried missing these 2 days.
I'M almost sure that we are not going to break below 39$. The rally is starting.

Today we broke above the 50 EMA . Usually we have a small pullback from this level - 1 red candle- so I'm planning to add to my position on Monday.
If you nervous to get left behind at the station one can start a position today before the close and add on Monday.
We will be buying every dip from now as a new intermediate cycle is starting. We have weeks to run.
Price will reverse at 46.85....its an AB=CD trade with TP at 35.80
Balas
Sir I missed todays action and was wondering do you sill see a retrace to 43? And when do expect another good entry point?
Balas
Hey Chart thanks for all your analysis.. I really want to get long but do not want to chase this move. Hope for pull back, but also am a bit concerned about certain fundamentals heading out of summer; I am thinking the 50daysma gives this run some pause and pull back. currently around $45.80. Do you agree? Its also very likely that the large short positions/covering continue to run this up. very similar to what happened last August.
Balas
First and foremost great analysis, I personally have worked in the energy sector for nearly a decade after being laid off due to the collapse in crude oil prices. I have dabbled in the commodity sector for a few years here and there. You would be surprised at how many engineers actually day trade during extensive times in remote locations around the world. That is where I got my tutelage on the fundamentals and market reaction to crude oil. I watch all reports to include the Rig counts, API, and EIA inventory reports. I am stunned at how little the commodity experts really know about the exploration and production. In fact, I recently enrolled into a University to obtain an IT and Finance degree. But to your analysis, what I like outside of fundamentals and find to efficient in trading is technical analysis. That is what brought me to your charts. I have some knowledge of EW, but find it to be a little too complex in some cases. I mean ok wave to initiates then 3 is the longest blah blah blah. What I want to know more about are the cycles and price action. I will be watching you and since you are lock and step with the fundamental improvement I want to say great job so far.
Balas
Thanks for the support Aaron.
I think every chart analysis is good if someone know how to use it. I find EW a bit subjective : if you set the first wave right you are winner otherwise you lose.
Any comment is always very welcome from you at my posts.
Balas
You forgot about 46 zone? is there a sell zone.
Balas
RSI is over bought, don't you think we should wait for RSI to take a dip?
Balas
Great call. To this point it's left me behind because I was waiting on that double bottom that never happened. Did not want to jump in today because I'd rather get in on a pullback.
Balas
Nightstar Tenbears1979
That's why it's important to 'scale' in instead of trying to time the exact bottom -- a mistake far too common amongst new traders. Now you're sitting on the sideline waiting for a pull-back.. but what if we don't get it right away?
Balas
Tenbears1979 Nightstar
Then I wait and don't compound one mistake with another. Opportunities always come around again.
Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar