Friday Feb 10, 2017 EPIC the Oil Algo Oil Report (Member Edition). FX: $USOIL $WTIC – $USO $CL_F $UWT $DWT $UCO $SCO $ERX $ERY $GUSH $DRIP
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
Mid Week Update:
Trade has returned to the multi-week sideways trading range. Geo events (OPEC compliance) have crude oil trade lifted somewhat.
All resistance and support levels and targets are on the charts and live chart feed below. If you are new to our service read the previous two weeks of posts to understand all the indicators on the charts – this is just a quick update as the full update will be out this weekend and little has changed since yesterday’s report.
Important to remember that there is a SIGNIFICANT downward trending resistance line overhead (above the yellow line resistance overhead) and it is of course getting closer and closer because it is downtrending. This is the most significant resistance oil trade has experienced in at least a year.
After the Friday target area is settled in trade I will update our complete model with wide range and intra range modeling so everyone is prepared for next week in detail.
Also, this weekend we are hosting a webinar and that would be a good time to review charting for next week and discuss any ideas or questions with our traders.
Current Live EPIC the Oil Algo Charting: https://www.tradingview.com/chart/USOIL/2re9nCLp-EPIC-the-Oil-Algo-Member-Chart-Update-USOIL-WTI/
Resistance, support, algo targets in current range. Crude oil algo chart intra 602 AM Feb 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Resistance, support, algo targets in current range. Crude oil algo chart intra 602 AM Feb 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Resistance, support, algo targets in uptrend. Crude oil algo chart intra 559 AM Feb 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Resistance, support, algo targets in uptrend. Crude oil algo chart intra 559 AM Feb 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
See you in the live trade room! And again, if you struggle to know how to use these indicators as a trader’s edge, it is recommended (if you have earnestly reviewed all of our documentation first) that you obtain private coaching prior to trading a real account with real money – we recommend you use a paper trading account at first. And finally, we will be publishing a “how to use guide” soon, but it will be simply be a recap (consolidation) of instructions in this post, from my Twitter feed, and previously published information on our blog and website. You can also send specific questions to our email inbox at [email protected] – if you do this be sure to ask a specific question so it can be answered specifically. When the 24 hour oil trading room opens you will have ample opportunity in that 24 hour room to ask questions also.
Watch my EPIC the Oil Algo Twitter feed for intra day notices and your email in box for member only material intra day also.
EPIC the Oil Algo
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Article topics: EPIC, Oil, Algo, Crude Oil FX: $USOIL $WTI, $USO, $UCO, $CL_F, $UWT, $DWT, $ERX, $ERY, $GUSH, $DRIP, Chart, Algorithm, Indicators, Fibonacci