04-11-2022
Update
WTI
The price of oil has confidently resumed growth, so it is advisable, for all previously opened purchases, to move the protective stop to the breakeven zone.
02-11-2022
For technical reasons, it was not possible to describe the situation according to trading plans. At the moment, all trading plans are indicated on the chart below.
27-10-2022
WTI
The oil price has confidently resumed its upward movement, therefore, within the framework of the constructed trading plan for both purchases, it is worth moving the protective stop to breakeven.
13-10-2022
WTI
Under the adjusted scenario, it is likely that there is a point for buying oil.
Trading Plan:
Buy stop at 87.25, stop loss 82.50, take profit 99.00
11-10-2022
Update
WTI
The oil price has fulfilled the minimum conditions for the completion of the third wave, and due to the danger of the development of an alternative scenario, it was decided to close all all long positions in the market.
Oil trade plan completed.
07-10-2022
Update
WTI
The oil price continued to move up, and at the moment it is advisable to transfer the protective stop to the breakeven zone.
05-10-2022
Update
WTI
Under the current assumption, the price continues to move up, and at the moment it is possible to continue the development of the trading plan with an additional purchase order.
Trading Plan:
Purchase from the market at the price of 86.53, SL 83.80, TP 100.00
04-10-2022
Update
WTI
Under the current assumption, it has confidently resumed its upward movement, and at the moment it is advisable to move the protective stops to the breakeven zone.
27-09-2022
WTI
Within the framework of the current assumption, an interesting point has appeared for building a trading plan for the purchase of oil.
Trading Plan:
Buy Stop at 79.50, SL 75.00, TP 100.00
19/09/2022
buy limit from : 75.96
and from: 73.63
tp1: 85.18
tp2: 88.47
stop loss: 70.59
14-09-2022
WTI
The oil price, unfortunately, could not continue its steady upward movement, and with a local decline closed a long stop loss position at breakeven +29 points.
But, despite this fact, and despite the increase in the potential of the local alternative scenario, it is possible to continue the development of a trade plan for the purchase of oil.
Trading Plan:
Buy Stop at the price of 89.25, SL 85.25, TP 100.00
Update
WTI
Within the framework of the assumption under consideration, the oil price has confidently resumed its upward movement, and at the moment it is advisable to transfer the protective stop to the breakeven zone to the level of 87.90.
WTI
Within the framework of the assumption under consideration, it is likely that the oil price is completing or has already completed the development of the first pattern in the form of a 5-3 formation up. Therefore, you can continue to build up long positions.
Trading Plan:
Buy Stop at 87.60, SL 84.30, TP 100.00
12/09/2022
XLE
Sell limit from: 81.36
Tp1: 75.96
Tp2: 73.63
Stop loss: 85.18
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09-09-2022
Update
WTI
The price of oil within the framework of the assumption under consideration confidently continues to move up, and at the moment it is advisable to transfer the protective stop to the breakeven zone at the level of 82.95
08-09-2022
WTI
The oil price has updated the local minimum, thereby fulfilling the minimum conditions for completing the wave of decline. Therefore, it is possible to start building a trading plan for the purchase of oil.
Trading Plan:
Buy Stop at the price of 82.70, SL 79.50, TP 100.00
06/09/2022
Buy limit from: 8.411
And from: 8.020
Tp1: 10.010
Tp2: 11.232
Stop loss: 7.532
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05/09/2022
Buy limit from 84.94
Tp: 100.00
Stop loss: 81.62
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23/8/2022
Buy limit from : 85.00
And from : 83.00
Tp1 : 95.36
Tp2 : 101.00
Stop loss : 78.48
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18-08-2022
WTI
The oil price has confidently resumed its upward movement, and it is likely that the current trend will continue in the near future.
This fact allows you to move the protective stop to the breakeven zone, to the level of 87.85.
17-08-2022
WTI
The oil price has fulfilled the minimum conditions for the completion of the downward wave of the assumed plane or the final wave of the diagonal in the alternative scenario.
This fact allows you to build a good trading plan for the purchase of oil.
Trading Plan:
Buy Stop at 87.50, SL 85.00, TP 99.00
12-08-2022
WTI
As part of the adjusted scenario, the local structure of the proposed model has changed.
Therefore, it was decided to cancel the previously issued order for the sale of oil.
11-08-2022
WTI
The oil price, unfortunately, updated the local maximum at the lower degrees, which in turn led to the closure of the previously open position by stop loss. -412 points.
But, despite this fact, the second attempt to execute the trading plan still has great potential, so the placed order remains unchanged.
11-08-2022
WTI
Despite the fact that according to the previously designated trading plan, a loss can be obtained, yet at the moment there is another, quite adequate entry point.
Trading Plan:
Sell Stop at the price of 90.55 SL at the price of 96.00 (beyond the local critical level), TP is not yet set, it will be determined later, depending on the dynamics of the price movement down.
09-08-2022
Crude oil (entry point correction)
Within the framework of the assumption under consideration, it is possible that at the lower degrees the series of the first 1-2 1-2 waves of decline is at the stage of its completion, at the moment there is a more profitable point for opening a short position.
Correction of the entry point:
Sell Stop at the price of 88.45. The other parameters remain unchanged.
08-08-2022
Crude oil
Within the framework of the assumption under consideration, it is possible that at the lower degrees, the series of the first 1-2 1-2 waves of decline is at the stage of its completion. Therefore, there is an opportunity to build a trading plan.
Trading Plan:
Sell Stop at the price of 86.80, SL at the price of 92.50 (beyond the local critical level), TP is not yet set, it will be determined later, depending on the dynamics of the price movement down.
