looking to go long on oil on a 4h chart with 4h shift in momentum at this weekly area of demand in a weekly uptrend
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Hello guys, Oil closes above the resistance on the monthly time frame and as per fundamentals the crisis in UK & energy crisis in China also indicating the demand side is strong. I am very much Bullish on OIL and will take the Long Opportunity once found the proper confirmation.
NYMEX:CL1! Oil Markets Are Looking to keep moving to the upside. Doesn't look like the OPEC and other Oil Wranglers are interested in increasing supply to cover their loses from the COVID-19 lockdowns.
Alright first off price is in bullish Daily trend but it reached 161% of Fibonacci extension ratio and as a result of that we saw a bearish engulfing candle which tells us participants who were long in oil are probably busy with profit taking actions and as a result it is possible that we see a bearish corrective move. If you are with me so far now lets see how...
OIL Short Setup 🔵 Entry Level: $82.95 🟢 Take Profit: $79.49 (2.22) ⛔ Stop Loss: $84.51 Reasoning: 1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point. 2) I am also expecting a...
OIL Long Setup 🔵 Entry Level: $80.60 🟢 Take Profit: $82.84 (2.8R) ⛔ Stop Loss: $79.80 Reasoning: 1) Apparently the two trades from yesterday failed and we went much lower than expected. The price is currently resting on the lower trendline of the ascending channel, so I am expecting a slight move up. 2) Target is set at the middle trendline in the ascending channel
USOIL could face two possible scenarios but the downside is more preferred. As seasonality, the OIL gets weaker from mid-October so it makes it more reasonable. GOOD LUCK!
The OIL price ( WTI) forecast has attached. The golden zone to buy oil has also attached at the comment.
Oil Long Setup - 3 Levels 🔵 Entry Level: $82.89 🟢 Take Profit: $85.29 (2.26) ⛔ Stop Loss: $81.83 🔵 Entry Level: $81.21 🟢 Take Profit: $84.35 (3.78) ⛔ Stop Loss: $80.38 🔵 Entry Level: $80.31 🟢 Take Profit: $82.83 (3.27) ⛔ Stop Loss: $79.54 Reasons: 1) I've marked the three levels of interest that I have for opening long orders. I will be monitoring each one...
We are again coming into a new cycle of deflationary forces after this next move up in wti to 85/87 focus 85.9 we should then see a total break from the fear of inflation to a stop of money flow into the system
I AM moving to puts for jan in OIH AT THE MARKET MAJOR PEAK
OIL Short Setup 🔵 Entry Level: $84.72 🟢 Take Profit: $80.03 (3.58R) ⛔ Stop Loss: $86.03 Reasons: - I'm expecting the price to bounce off the first level (marked for a long position) and continue trending up until it reaches the upper trendline again. - So far the price has been respecting this ascending channel - I am not taking the long position, but I've marked...
Hi there, Oil preparing a big move to the downside, since March 2020 lows we are on a new trend, completing the 3 wave we go for the big correction to the downside, Long term, Oil still a buy, but for now look for shorts only. Watch price action in lower timeframes to go short, Good luck
A NEW WAVE OF DEFLATION IS JUST ABOUT READY . I would stand side in ALL inflationary assets as of today as an event due oct 4 to 20th is near
As we saw the movement on the prices of oil the last week we saw strong bullish momentum and high demand on oil during the last week and on our opinion the OIL may make strong retracement to the south to the level of 76.50 at the level of 61.8% Fibonacci expansion and then we might see pullback one more time to the current levels at 78.5 from that we may see...
75-76 zone is a perfect one to join a bull extension party. Also an excellent low risk long trade entry. From this point an extension higher to 100 is extremely possible.
New Concept Energy, Inc. engages in real estate rental business. It owns approximately 190 acres of land located in Parkersburg West Virginia. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc. in May 2008. The company was founded in 1978 and is based in Dallas, Texas. New Concept Energy, Inc. is a...