USOIL Chart

Crude Oil (WTI)

 

USOIL

Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

News

chartwatchers chartwatchers PRO USOIL, D, Short , 4 hours ago
USOIL: OIL - Failed resuscitation
474 4 13
USOIL, D Short
OIL - Failed resuscitation

Just as I posted in my last private idea powers are fighting tooth and nails against this decline. We have a clear level where they are trying to prevent oil from further falling: 47$. But after that 3 month of never ending consolidation it's not possible. They will need to change their advisors to manipulate this market successfully because it's going to fall ...

FreshOilTrader FreshOilTrader PRO USOIL, 21W, Long , 4 hours ago
USOIL: What if it just was a false breakthrough in Oil?
108 3 5
USOIL, 21W Long
What if it just was a false breakthrough in Oil?

It is interesting to see if this setup is going to comes true or not. I suppose that we were seen a false breakthrough when triangle was broken down. Be carefully trading Oil.

wsbza wsbza PRO USOIL, 60, a day ago
USOIL: 3 waves correction before another decline?
84 1 7
USOIL, 60
3 waves correction before another decline?

c wave of flat back to 38.2% or 50% ? or maybe c wave of a triangle ?

cowboy cowboy USOIL, 240, Long , 21 hours ago
USOIL: USOIL,20170323
62 0 8
USOIL, 240 Long
USOIL,20170323

buy the pullback.

gotthejazz gotthejazz USOIL, 120, Short , 11 hours ago
USOIL: USOIL short
59 0 7
USOIL, 120 Short
USOIL short

... based on previous declines

tradearcher tradearcher PRO USOIL, D, Short , 5 hours ago
USOIL: (D) Testing support near 47.50 and magnetized to S3
26 0 7
USOIL, D Short
(D) Testing support near 47.50 and magnetized to S3

Pivot. If bearish momo continues and 47.5 breaks, testing 45 for support is not far off. May even chop near 46 beforehand. Patience if looking for a better price. Obey your rules.

ideas52 ideas52 CL1!, D, Long , 11 hours ago
CL1!: CRUDE OIL: Double Bottom Happens ...
104 0 5
CL1!, D Long
CRUDE OIL: Double Bottom Happens ...

Reached Twice in Yellow Box ...

wafflehouseinthe212 wafflehouseinthe212 USOIL, 60, Short , 10 hours ago
USOIL: short  1 hour MACD cross
103 0 5
USOIL, 60 Short
short 1 hour MACD cross

short 1 hour MACD cross

naoligo naoligo PRO USOIL, W, Short , 10 hours ago
USOIL: Wolfe Wave USOIL Weekly
54 0 6
USOIL, W Short
Wolfe Wave USOIL Weekly

The shape of this Wolfe wave meets what Thomas Bulkowski says about it, as you can see on thepatternsite dot com. And makes perfect sense, since OPEC will do something to stop the incresing rate of the Baker Hughes oil rig count.

Eliarich Eliarich PRO CVX, D, Long , 8 hours ago
CVX: Chevron Good level to buy?
12 0 7
CVX, D Long
Chevron Good level to buy?

Well ,it all depends on the oil prices. But from what I see here it looks like an attractive buy level, as prices are finding support at around 107.5$ which coincide with the 200 EMA level. Next targets 109.70$, 114.30$, than the old high of 119$. A break below 107.50$, will lead to 104.30$ and invalidate the scenario.

RationalTrader RationalTrader CL1!, D, 10 hours ago
CL1!: Doesn't look to pretty for oil price in 2017
51 0 6
CL1!, D
Doesn't look to pretty for oil price in 2017

Price is forming wedge shapes, that looks logically likely to break to the downside sooner or later. We might at least get one more leg up inside the blue wedge before a potential break out.

bhowe bhowe USOIL, D, Short , 9 hours ago
USOIL: USOIL
51 0 6
USOIL, D Short
USOIL

Shorting USOIL here with DRIP. DRIP is oil services leveraged etf. SCO DWT all work

christianFX christianFX USOIL, D, Long , 13 hours ago
USOIL: USOIL
44 0 6
USOIL, D Long
USOIL

Hit the hammer

ktmusonza ktmusonza USOIL, 45, 10 hours ago
USOIL: Sell Short
41 0 6
USOIL, 45
Sell Short

Selling short

CalvinAgustinus CalvinAgustinus USOIL, 240, Long , 7 hours ago
USOIL: USOIL Going to reverse to Long!!
37 0 6
USOIL, 240 Long
USOIL Going to reverse to Long!!

USOIL Give us the information that will be a big move

MartinJekko MartinJekko USDCAD, 60, 12 hours ago
USDCAD: Neutral on USDCAD
20 0 6
USDCAD, 60
Neutral on USDCAD

It is clear we are facing another jump back to higher levels of USD. Yesterday's release for oil inventory made it's way down and jumped up the CAD. However, we still remember the words of Canada financial minister that he needs it low. So let's see what is going to happen tomorrow when three important news for Canadian economy will push CAD up.

SandroCaro17 SandroCaro17 PRO USDWTI, 60, 18 hours ago
USDWTI: crude oil
26 0 5
USDWTI, 60
crude oil

gl

33LibertyStreet 33LibertyStreet CL1!, D, Long , 19 hours ago
CL1!: Long WTI
67 0 4
CL1!, D Long
Long WTI

Published for record keeping purposes. It possible for wti to make a higher low following rejection at the lower green arrow only to break upwards around late april.

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