GuillaumeRpn

GuillaumeRpn

Alright, we're back for another goofy analysis ! This time, im trying to imagine a longer plan on Oil, what could happen in the 2 coming months.. I have a long bias, i think oil is pretty cheap right now and that it would be a good idea to buy a small long and hold it for a few months.To be honest, i might actually try that, even tho it's way different from my...

GuillaumeRpn

This is what could happen tommorow. It could also do the same thing in the other way. But that wouldn't be convenient for me. I hope it goes up. Im high on copium. Jokes aside, we might see a low before higher levels. I'll try to control my margins better tommorow

GuillaumeRpn

You know me, im not a trader. Gambling, losing, then coming back 6 months later to gamble again. So here's my goofy prevision of what oil will do. It's based on fibonacci, a few lines i drew and uh, that must be it. It's not a serious analysis, but i still want to have some trace of what i was thinking today. Maybe it'll be more accurate than i thought

GuillaumeRpn Updated 

Just an idea with absolutely no reason for it to happen. It could happen tho, maybe. I have no position open at the moment.

GuillaumeRpn Updated 

Quick analysis for the next few days : - Most of my indicators indicate a long - The russian oil ban is still in vigor which means higher prices will probably remain - Production hasn't really been increased - China / taiwan situation And simply - It went down quite a lot lately and may need to go a little higher if it wants to go down THAT bad. Tell me what...

GuillaumeRpn Updated 

Yeah i know, messy chart again.. Anyways, oil is not able to breach the resistance right now and i believe it will soon go down. Where ? we'll see, but i have marked a strong res that could do the trick. Once the shorts are over, i'll long aiming for the very big resistances above. If you agree or disagree, explain why in comments. I appreciate every like you...

GuillaumeRpn Updated 

Since my last idea long worked and my target has been reached, i believe it is now time to short USOIL. There are a lot of resistances above, we are on top of my stoch, it needs to go down for a time before eventually going higher. That being said, i'll keep a stop loss really close in case it wants to surge higher

GuillaumeRpn Updated 

I have finally cleaned up my chart ! I think usoil will cool down lower before continuing the ascending trend. It can bounce on the yellow line or the green resistance. It might go a little higher before falling, forming a Shoulder head shoulder. If something happens, it can also go higher directly, altho im not sure what would be a nice target. What do you think ?

GuillaumeRpn Updated 

We are near a strong resistance, almost touching the 0.5 Fibonacci and on top of my stoch. If we have a double top this will definitely be an opportunity for me to short, the purple arrows show some of the TP it could reach Warning, it's still bullish long term in my opinion

GuillaumeRpn

My chart is still a mess, don't mind it i haven't had the time to clean yet. I think it went up quite fast and will go down, touch the yellow line that acts as a support, then go higher

GuillaumeRpn Updated 

Can't trade because my broker just closed, but i think the shoulder head shoulder is ready.. Will see tommorow !

GuillaumeRpn Updated 

TVC:USOIL My chart is a warzone, there are many lines i should remove, but this is my idea for the coming days : it goes back up, stop somewhere on the fib, then goes further down. Im still a beginner, im probably forgetting a few things, don't bet based on my analysis I would still appreciate a like if this gave you a different outlook. Good trades to you !

GuillaumeRpn Updated 

The parallel Channels indicates that oil is in it's upper zone and will soon fall. If the channel breaks.. well first of all i'll lose quite a lot of money since i shorted a little bit too early But most importantly, we could be reaching for the 90's for UKOIL ! Im new to trading and will gladly receive any advice.