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

Wave-Trader Wave-Trader TOP UKOIL, 240, Short ,
UKOIL: UKOIL Watch TCP before selling
657 5 27
UKOIL, 240 Short
UKOIL Watch TCP before selling

Hi fellows. It seems to me that we have completed the bullish wave. If you are still holding long from bottom then look for exit once price start to form TCP. Watch for TCP before selling the oil so that you can get the good risk reward ratio. Follow me on lower time frame for TCP formations. Good Luck.

EXCAVO EXCAVO TOP USOIL, 180, Short ,
USOIL: Crude oil
530 2 28
USOIL, 180 Short
Crude oil

Today oil falling. We need working with Fibonacci levels.

chartwatchers chartwatchers PRO USOIL, D, Long ,
USOIL: OIL - The next step
9155 87 111
USOIL, D Long
OIL - The next step

While the most of the oil newsletter writers are still calling for oil 40 and 42 I would like to prepare you for the next resistance in oil. We broke above the magic 47$ level and stayed there. Also we sliced through the green trendline and still above that by the weekly close. I don't think we will print a double bottom as many people think. It was a mild ICL and ...

ridafad52 ridafad52 USOIL, D, Short ,
USOIL: USOIL WATCH AND LEARN
167 0 13
USOIL, D Short
USOIL WATCH AND LEARN

USOIL WATCH AND LEARN good luck with EURUSD GBPUSD USDJPY NZDUSD AUDUSD GBPJPY USDCHF USDCAD EURGBP EURJPY

coolingla coolingla PRO USOIL, D, Long ,
USOIL: Oil Will Find a Bottom Real Soon
80 3 9
USOIL, D Long
Oil Will Find a Bottom Real Soon

I believe oil has found a bottom around $47-$48. I am very confident about this projection now. Chance of this being correct: 60-70%.

Salmanmemon786 Salmanmemon786 USOIL, D, Short ,
USOIL: Oil selling advice on News and strong Supply zone
303 3 8
USOIL, D Short
Oil selling advice on News and strong Supply zone

Saudi Oil Minister - Consensus that deeper output cuts not needed Oil falling fast, WTI back below $51 Oil if hold below 52.5 can drop toward 48.5-49 Sell advice cmp 51 next 51.9 SL 52.6 TP 49

AndyM AndyM PRO USDCAD, 480, Long ,
USDCAD: ABC correction complete in USDCAD
191 7 8
USDCAD, 480 Long
ABC correction complete in USDCAD

The correction was very deep, but the structure is intact. Long USDCAD, in line with the structure in Crude oil.

tradedevil tradedevil PRO CL1!, 15,
CL1!: Algo perfect...
129 0 9
CL1!, 15
Algo perfect...

Same pattern... over and over and over again... that's good news. Technical is predictable.

JaimePantoja JaimePantoja USOIL, 240,
USOIL: USOIL .. Context
153 0 7
USOIL, 240
USOIL .. Context

Description in chart ...

AdliJamalluddin AdliJamalluddin USOIL, D, Short ,
USOIL: down trend is coming!!! catch this big move
138 0 7
USOIL, D Short
down trend is coming!!! catch this big move

This is a general market prediction and does not constitute investment advice. Follow your plan and rules. Good luck!!! Comment below if you wants update on WTI

tvstrader tvstrader USOIL, D, Short ,
USOIL: WTI / USOIL short daily chart
79 0 7
USOIL, D Short
WTI / USOIL short daily chart

3rd touch of trendline rejecting an important key level want to see bearish momentum showing up

Dalietos Dalietos USOIL, 240,
USOIL: Possible USOIL Crude Oil Harmonic Formations
65 0 7
USOIL, 240
Possible USOIL Crude Oil Harmonic Formations

Projection shows 2 possible Bullish Harmonics for USOIL, a Bullish Bat and a Bullish Gartley.. Yet too soon to call the case but I will be watching for now a stop around 48.10's for leg B from there a bounce to create a C leg for the scenario to play out.. I will update soon..

sophia830 sophia830 USOIL, 30, Short ,
USOIL: DVG + Sharp Momentum + Levels
63 0 7
USOIL, 30 Short
DVG + Sharp Momentum + Levels

-see prior oil idea, price is idling in middle of 10 day level. sharp reject of 49.30 (buy above level) -boys would then do business at 47.50 -48.78 while support is a thin line (look left)

RTFM RTFM USDWTI, 60,
USDWTI: Crude Oil, 45$ a barrel in the near future
58 0 7
USDWTI, 60
Crude Oil, 45$ a barrel in the near future

Looking at the charts the idea is pretty simple, once it breaks 50.63 the trading stucture indicates a strong sell set up. OPEC meeting will be the trigger. Initially it could go down to 49.73 in one fell swoop, followed by a correction. Future target at 45$ a barrel. Gl, HF!

imanazeri73 imanazeri73 CL1!, 240, Short ,
CL1!: Resistant area
105 2 5
CL1!, 240 Short
Resistant area

RESISTANT

FxWirePro FxWirePro PRO AUDCAD, D, Short ,
AUDCAD: AUD/CAD short setup
120 0 6
AUDCAD, D Short
AUD/CAD short setup

AUD/CAD is currently holding above 200-DMA support at 1.0020, break below will see further drag. The Canadian dollar supported by BoC positive statements post meeting where it held rates unchanged overnight. Brent oil regained bid tone in Asia to trade above the $54.00 mark on speculation the OPEC is set to extend the oil output cut deal by nine ...

themarketzone themarketzone PRO SPX500, 240, Short ,
SPX500: Top of a trading channel - Will it close below 2400?
119 0 6
SPX500, 240 Short
Top of a trading channel - Will it close below 2400?

SPX rallied today to new record high but it is now threatened by falling Oil prices. Pay attention to the top of the channel now. Should act as resistance. A close below 2400 can generate a weekly false breakout. Low risk, high potential reward

ajmzfx ajmzfx PRO USOIL, 120, Short ,
USOIL: US WTI...SHORT
71 1 6
USOIL, 120 Short
US WTI...SHORT

BREAKING SUPPORT...

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