Oil
CManny
(romanodc)
Mitglied seit Oct 06, 2019
1 Beiträge
Oct 06 2019 at 20:05
Does anyone have insights about the price of oil? I found this to be profitable this month by selling when it goes up.
alexforex007
Mitglied seit Oct 11, 2013
773 Beiträge
Oct 08 2019 at 01:14
On the WTI oil we can see that the price has broken below the 54.00 level, but it retraces to that same leve which acts as resistance. If the price bounces back down from the 54.00 level, then it could form a breakout-pullback pattern and the price could fall to the 50.50 zone. Below the 50.50 level, its next support could be the 49.00 level.
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Mark
(itradeandwin)
Mitglied seit Feb 08, 2018
39 Beiträge
Oct 08 2019 at 07:39
jamesgwyther
Mitglied seit Aug 05, 2017
289 Beiträge
Oct 09 2019 at 09:26
Never traded oil.
alexforex007
Mitglied seit Oct 11, 2013
773 Beiträge
Nov 06 2019 at 00:32
Oil could be very difficult to trade due to its geopolitical exposure and it may not respect the technical levels. WTI oil tries to break above the 57.00 level, but is loses some steam.
alexforex007
Mitglied seit Oct 11, 2013
773 Beiträge
Dec 20 2019 at 03:21
WTI oil keeps heading higher to the 61.00 level, which could act as resistance in the short term, but the 55 day EMA has crossed above the 200 day EMA, forming a golden cross, which has bullish implications in the long term.
ProfitableRisks
(ProfitableRisks)
Mitglied seit Dec 18, 2019
38 Beiträge
Dec 28 2019 at 05:19
Oil is one of my favourites
Trender
alexforex007
Mitglied seit Oct 11, 2013
773 Beiträge
Jan 10 2020 at 03:30
High volatility on WTI oil and a big drop from the 65.00 zone to the 55 day EMA, just below the 60.00 level. The moving average may act as a support, but if it continues dropping, then the 57.00 zone may be its next support.
alexforex007
Mitglied seit Oct 11, 2013
773 Beiträge
Feb 21 2020 at 02:50