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.
chartwatchers chartwatchers PRO USOIL, D, Short , 13 days ago
USOIL: OIL - At the edge of breakdown
10845 118 116
USOIL, D Short
OIL - At the edge of breakdown
The traders at the sideline got one more opportunity yesterday and today as the dip buyers pulled up price one more time. 2 days ago we printed a key reversal on the daily chart : new high and on the same day a close below yesterday's low. Actually we not just closed below the 30th Dec low but we took out 5 days' ...
Tom_Killick Tom_Killick CL1!, D, Short , 17 hours ago
CL1!: CL1! continuation to downside
158 3 9
CL1!, D Short
CL1! continuation to downside
Hi guys, The CL1! looks like a nice sell set up. Looks like an ABC pattern on the daily chart, so looking for a sell set on the 240 is probably a good idea. With Oil output poised to increase throughout US in 2017, Oil is poised for a down move fundamentally, as well as technically. Thank you for your support.
Zohaib_Malik Zohaib_Malik USOIL, 240, Long , 20 hours ago
148 1 8
USOIL, 240 Long
USOIL in a 240m corrective structure Currently its making one more down to break the previous low of the structure and making expanding flat so look for the buy setups in 60m will be a nice idea! The UKOIL has same structure, will post it in the comment for you guys Thank you Keep following and support!
FUNTRADER-Vera FUNTRADER-Vera USOIL, 240, Short , 5 hours ago
129 2 8
USOIL, 240 Short
Traders: Short oil once it get close to 52. Tp down to 49 Nice trip! Less is more!
cowboy cowboy USOIL, 240, Short , a day ago
USOIL: USOIL,20170118
79 1 5
USOIL, 240 Short
focus on the important support line at 52.10 ,if the brokenout is confirmed , we have a good entry for short tonight.
gambacc gambacc USOIL, 240, Short , 19 hours ago
90 1 4
USOIL, 240 Short
Possibly the next target is 50% of Fib.Retracement level.
-Andrew- -Andrew- PRO USOIL, 240, Short , 6 hours ago
46 2 3
USOIL, 240 Short
USOIL - Short
Breakout on Daily TF. Wait for 4 Hr Sell Setup Signal around 52 to go short.
smitheric1970 smitheric1970 PRO CLH2017, D, Short , 10 hours ago
CLH2017: Oil - Higher Weekly Low - Intraweek support chart #5
70 0 6
CLH2017, D Short
Oil - Higher Weekly Low - Intraweek support chart #5
Today, prices hit the H (March) chart daily demand line; Although I am still bearish looking for prices to test near the 48 and possibly 46 level, in the interim, I believe we may see prices validate resistance between 52.8 and 53.3. 52.82 demand level was created following the 12/14 daily close on the March ...
neimiyu neimiyu USOIL, 240, Long , 15 hours ago
123 0 5
USOIL, 240 Long
gambacc gambacc USOIL, 60, Short , a day ago
USOIL: USOIL is short
122 0 5
USOIL, 60 Short
USOIL is short
USOIL is definitely going down. T/P1@51.50
captain_smollett captain_smollett PRO UKOIL, D, Short , 20 hours ago
UKOIL: UKOIL. In a range
73 0 5
UKOIL, D Short
UKOIL. In a range
Many of you noticed that Brent has mostly been trading in 45-55 range since May 2016. As a consequence, there is no valid trend for now and, in order to know where oil prices may end up in a week or in a month, we have to operate with Fibonacci extensions and Harmonic patterns. I believe the current setup is as ...
cuyunyan cuyunyan USOIL, D, Short , 14 hours ago
USOIL: maybe a d-term short
50 0 5
USOIL, D Short
maybe a d-term short
trade active
pablo82 pablo82 USOIL, D, Short , 10 hours ago
39 0 5
USOIL, D Short
Watch if price can break magneta line. Take profit at orange trendline . Possible couple hundresd pips to gain until CCI crossover from below.
BigEz BigEz USOIL, 15, 10 hours ago
USOIL: Inflection patterns early timing indicator of inflection in WTI
30 0 5
Inflection patterns early timing indicator of inflection in WTI
inflection point This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea. While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I ...
JordanFreeman JordanFreeman USOIL, D, Short , 14 hours ago
USOIL: An idea for Oil
23 0 5
USOIL, D Short
An idea for Oil
Based on what we see here.. we have a deep bearish crab pattern which is an indicator that after this consolidation we should be heading bearish. The stochastic is showing bearish signals so I expect that price will drop because we are loosing pricing power. 42.53 alert. 35.53 alert. S/L is 28.86.
drshoe drshoe PRO USOIL, D, Short , 17 hours ago
USOIL: USOIL another drop to test the 45 dollar level
71 0 4
USOIL, D Short
USOIL another drop to test the 45 dollar level
the pattern looks pretty obvious. The sellers are moving down and selling is getting more aggressive now.
Vibonazi Vibonazi PRO USOIL, 30, Short , 11 hours ago
USOIL: usoil wti short on EIA
43 0 4
USOIL, 30 Short
usoil wti short on EIA
This could happen during API numbers if you ask me
SharkbaitAl SharkbaitAl USOIL, 240, Long , 14 hours ago
USOIL: Crude Oil Is Potentially Forming a Bullish AB=CD Pattern
39 0 4
USOIL, 240 Long
Crude Oil Is Potentially Forming a Bullish AB=CD Pattern
I am looking forward to seeing how this idea/trade pans out. If today's bearish momentum continues but slows I will be looking to buy within the zone designated by the rectangle on the chart. This zone is: Completion of Bullish AB=CD pattern Structure to the left If crude oil makes it to the completion point ...
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