Hey traders, I received a lot of questions about WTI Oil. Analyzing a daily time frame, since 77.0 level - current year's high was reached, the market started a nice correction cycle. Trading in a local bearish trend from the beginning of July, the price managed to form multiple bearish impulses setting lower lows and lower highs. From 20th of July though...
CRUDE OIL is trading in a kind of a massive wedge And now oil is falling down to retest the rising support and trendline around 68.00-69.00$ From the Support line expecting a local pullback With the final target being the horizontal resistance above around 71.00 $! Today is NON=Farm Payrolls and traders can see big movements. If the OIl breaks the support on 68.00...
so you losted all your munz, so what? it cud always be worser. this is important history lessn for pro traders from a vetern who livd through the histori of stuff ok so let me educ8 u, this happen a long time ago, i tink around... april 2020? ya peepo was looky looky at da oils cuz da oils was droppa it was $2 buckarinos or sumtin and dey though: "hey i kno is...
Oil prices have been tearing higher since the start of November, rising more than 40% to return to far healthier levels. The rally has started to slow though and with so much good news - vaccines, OPEC+ deal, US stimulus deal (almost) - now priced in, I wonder whether we're about to see a bit of a corrective move. WTI has trended higher nicely, following the...
See signal history below. NOT ADVICE. DYOR.
As shown in the chart Crude Short to Medium Term the trend is lower. Only sustain trading above $45 negate the downtrend.
As we can see we have a clear formation of the bearish cypher, we can enter a good short position with the shown TP
Trend is still up dont look to short infact try to buy lower there is no short untill this trendline breaks - even that would be corrective oil can make a flat here and continue going up
Oil just broke the 4H MA200 which hasn't been touched since May 3rd. The chart is close to turning oversold (RSI = 29.01, MACD = -0.170, ADX = 32.681) so it is natural to see some buying now, especially as the Higher Low trend-line of the June Channel Up was almost touched (the dashed Channel). If it holds, we expect 42.00 - 42.50. If it breaks, we will halt...
WTI Crude Oil is trading within a Channel Up on the 4H chart (RSI = 36.632, MACD = 0.170, ADX = 31.347). The MACD turned flat and as you see on the chart that has been a signal of a top formation on three previous occasions. In two of them the price dropped a little more than -11% and on the other around -15.50%. The Symmetrical Support zone that held on three...
WTI Oil reached a key daily/4h structure. The price has been surely retraced from the underlined support violating 1H minor structure resistance. Based on that the price may keep growing today. Targets based on recent structure levels: 37.0 38.0
Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most...
Update on the short entry I took last week and posted on the channel. Currently floating +353 pips and I've closed 50% of my original position and am floating in profit with stoploss above breakeven for a risk-free trade. The geopolitics between SA, US, and Russia will be a dynamic that will move the price quickly this week so staying protected at all times...
With the virus well underway, and the USD still holding up reasonably well (for now), crude will continue its historic plunge to record lows. Sometime by the spring or summer of this year, I see crude being around $20-23 before stabilizing sometime in 2021 (remember: crude this low is NOT a good thing for world equities and stocks). This re-stabilization will...
Oil has finally entered a consistent uptrend on the 4H chart, practically being within a Channel Up since the Feb 04 bottom (RSI = 59.395, MACD = 0.500, ADX = 23.410, Highs/Lows = 0.0000). The MACD shows that it can be sustainable in the near future as the buy/ sell points seem quite obvious. It is also positive that the 4H MA50 (which was formerly a strong...
Hello Traders, Here's my second scenario for USOIL, make sure to check out the related idea below to see the correlation as well. Trade Safe :)