Mid-long term Long

8 mag 2017

Estimated Entry:$44.5-$45.3
Tp1:$47.5
Tp2:$51-52
Tp3: to be advised after breaking out $52
1H chart: wait for a retracement to buy

9 mag 2017

Trade attivo

Entry1: $46.3

9 mag 2017

Nota

1H chart update:

10 mag 2017

Nota

Tp1 $47.5 is approaching, 100pips already
4H chart: some resistance here, move the sl to $45.3

10 mag 2017

Nota

EIA crude oil inventories has the largest decline since 2016.

10 mag 2017

Nota

tp1reached, it touched 48today, more bullish than i expected. nearly200pips for today!

11 mag 2017

Nota

1H chart update:support zone:$46.8-47.2

15 mag 2017

Nota

A joint statement between Saudi Arabia and Russia will extend the agreement on production cuts, oil flied above $49, now already $300pips.
just move sl to BE.
4H chart update: moving towards $49.9-51 today

17 mag 2017

Nota

4H chart update: $48 holds well, now start with wave v, tg: $51

18 mag 2017

Nota

1H chart update: crucial support at$48, add long from$48.05-47.85, for tg:$51

19 mag 2017

Nota

weekly chart: broke $51 will see $53,$55 again

19 mag 2017

Nota

sorry wrong chart above, subject to this one
weekly chart:

19 mag 2017

Nota

it touched $50 today, so far we already have 400pips, plus the position added yesterday, ttl 500pips. waiting for the breaking out.

19 mag 2017

Nota

it finally closed $50.86, very bullish, next week WTI will star use new contract, hopfully price will break $51 in asian opening.

22 mag 2017

Nota

Tp2 reached. Ttl 800pips for the trades already. Going to test $52.2 next.

23 mag 2017

Nota

4H chart update: retrace $49.7-49.5 go long for tg:$52.2-52.5

23 mag 2017

Nota

It's already hit our tg, the ceiling of channel. Now likely going to retrace $49.6ish, we're now still holding longs from $46.3 and $48.2, can either take some profits for longs from$48.2,then wait for retracement to add longs, or, move sl to BE and holding.

24 mag 2017

Nota

4H chart update: Wave 5 tg:$52.2-52.5,in short term there could be some retracement, no ready to add more longs today, but only holding longs with sl being moved to BE.

25 mag 2017

Nota

Daily chart update:
From $43.79 to $51.9 oil price has bounced $8, likely it is time to retrace. So far my strategy still buy the dips, in these two days, i will watch $50-$52 range, and support level $49.2. Curcial level at$48, once broke $48, will return to bearish trending.

4H chart update:
Possibly will consol in range for 2days,if $50 got support, will add a little more positions.

25 mag 2017

Nota

Fundamentals:OPEC ministers did not say they would extend the agreement on production cuts for 12 months or increase reduction.

26 mag 2017

Nota

4H chart update: it's now testing the crucial support at $48. Likely wave ii could be done here. It is the entry i would consider to add more. just watch for the signals.

Back to the Fundamentals: If you scroll back to my previous updates, you'll find that above $48 are the short term buyer for the OPEC who expected will extend the agreement to 12months. So i think they almost quit the market, and, imo, longer term player would focus on the demands. Jun. always the peak season for oil. Above all, i think $48 hopefully will hold the trend.

26 mag 2017

Trade attivo

$48.3