Trading Alerts and Market Analysis For OIL – CRUDE 10-31-2018


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Trading Alerts – Oil Futures Technical Analysis for the coming weeks


Alerts Document

Five Outcomes to A Trade

Weekly Chart Review (Long Term Trend)


The Longer Term View (December 2018) shows a projected price point for Oil Futures to reach between $60 and $56.54 a barrel.

Daily Chart Review (Mid Term Trend)


The Daily Chart shows Oil / Crude within reach of a support area of $64.83, where I would expect a bounce.

30 Minute Chart Review (Short Term Trend)

Possible Day Action For Oil Futures

30 Minute Chart Review (Short Term Trend)


Considering the past 5 days of price action in Oil, price has attempted multiple times to rally only to fail and turn back down. In this chart we can see most price action below the GREEN equilibrium line and sending price back down. On Tuesday, price attempted to break Support Level 4 of the daily finding support at the 161.8% (Fibonnacci Exetention) only to attempt another bounce. I expect that bounce to fail and turn back down to eventually reach $64.83 before another meaningful bounce.

Weekly Inventory Report – Price Bounces To Resistance

Price Action After The Weekly Inventory Report. Initial bounce and then fail hard!



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2 Oil Futures 300 px 2017-11-24_18-22-51


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