Bullish hopes shadowed by OPEC data, but it's stilll a buy

FX:USOIL   Crude Oil (WTI)
366 3 7
- Ichimoku setup is still bearish , bullish price action seems to be blocked by Kijun Sen again. Of course we still have 3 days to go this week, but if no higher high, that can be a problem for bulls.
- Watch Heikin Ashi candle close this week! If we do not see bnullish recovery from yesterday's selloff, then weekly haDelta may have some warning for momentum drop.

- Price was trying to break above Kumo, but yesterday's OPEC data stopped bulls' run. Price retreated to Kumo and 47 support. We have all important average values here: Tenkan, Kijun, future Senkou A100 WMA , and also previous bearish trendline + horizontal supp/res. As a thumb rule, 47 should act as stronger support, so we still have to look for buy signals here.
- Heikin Ashi switches to bearish pull back, with sharp drop in haDelta. This shows a very agressive turn in short term bias and momentum. Now we have to watch carefully the price action around support. We have to see if smoothed haDelta drops below zero or reverses back up. It will be important to avoid a substantial lower low, and to see a bullish reversal Heikin Ashi signal.

You see how agressive volatility can be! Please make sure you use and built volatility into your position sizing when you plan to enter any trades (not just in oil             , but in any other instruments)!
For now it may worth to try some bottom fishing in 0,5-1 risk unit size. I did it already yesterday. Then if we see a bullish Heikin Ashi signal, maybe followed by bullish Ichimoku Kumo breakout, we can leverage and size up long positions.

p.s.: from tomorrow I'll be off for rest of the week. I may use Twitter to post few charts and ideas, so you can follow me there if you'd like to.
Thanks, worked perfect so far! chances breaking the support??
sry, I was out of office for a few days.
If you follow me on Twitter, there you could see my comments. Technically it looks bearish biased now. But it can stay choppy and tricky. One thing is sure. it is not good for a long! So if someone is happy to short, short it, if someone doesn't like to short at these level, then just don't touch it.
I don't touch it now.
thank you .it helpful.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden