NickBlack

USOIL pre OPEC meeting movement / possibilities.

TVC:USOIL   WTI 原油差價合約
Here we have possible movement for USOIL             in the next week (until the OPEC meeting).

The blue frame showed that the huge liquidation that happened a few days ago stopped right at the 2.0 WL, with a huge impulse returning back in. That gave us a major pivot (new C) for the orange frame. Price has been following both since. It has currently bounced strong off the ML of the blue frame (almost touching the 0.5 of the orange - energy point)

I believe the following will happen:
1. A small but healthy retrace to the major TL(A) in this swing.
2. If the price continues to respect it, major impulse to break the ML of the blue and 0.5 of the orange
3. Continuation in the swing with big impulses up and small healthy retracements, following the TL(A).
4. OPEC meeting time aligns with the convergence of the TL(A), projected TL(B), MLH (1.0) of the orange frame and 0.5 of the blue frame.
5. There, I expect consolidation and two possibilities: 1. Formation of a new pivot in case of massive selling after the news, dropping to several Support points or 2. Huge impulse up on the OPEC news and continuation on the TL(A) making, quite possibly, a new HOY.
6. However, if we don't manage to pass the blue frame ML and orange frame 0.5, and BREAK the strong TL(A), price might be going to the horizontal TL(C), consolidating there, giving more questions than answers towards more movement. I do think, however, this is a much less likely scenario than the continuous upmove into the OPEC meeting.

Entries:
Long entry @48.60 to 48.75 / Trgt1: 51.25 Trgt2: 53.00+ (after OPEC for people who want to risk it) / SL: Below the TL(A), wherever that is depending on the time of your entry.

I'll be updating maps with each day, following this closely.

Good luck with your trading, stay frosty.

Nick
ZH 繁體中文
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
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出