H1 time frame. Structure: Uptrend. The price rallied after breaking the double bottom reversal pattern on the 30 minute time frame and breaking the Key level of the correction at 71.50. Waiting for the price to return to this area with a retest signal confirming the uptrend is back, you can find buying opportunities. Profit target is zone...
A lot happening this week with the fed meeting and someone with power somewhere running their mouth about what "ought to be". This is a relatively high risk trade long or short. To me inflation will prevail and we will likely see speculators continue to drive up commodity prices.
It wants to break the uptrend but it hasn't happened yet. If it can go above the resistance zone, the buy position will continue.
H4 time frame. Structure: The bullish structure is confirmed. The price returned to the 70.00 support zone. Here, wait for bullish setups on the 1-hour timeframe to buy. The profit target is the 74.00 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short term movement, price may drop to 70.95 & 69.66 in extension. But bullish momentum still on going. My move, short until 70.95 area then continue long (depend on current price & news) TAYOR :)
In this video I bring the latest idea for what I believe is happening in WTI Crude Oil. My Latest analysis across the board suggests that we have see the lowest point for the USD back in 2016. This means that from here on out we should see higher prices in OIL but it won't happen in a straight line. There is an opportunity coming up that will involve trading...
Last week, oil failed to break through the $67.63 support level and rallied back, retesting the trendline. So the trade plan for next week is to hold the buy position from the previous week and see if oil can break over the trendline. (Please review the prior trade idea to get a better picture of what I'm talking about.) Breakout of the trendline might push oil...
Our short term price target of 70 USD was reached yesterday. USOIL currently trades around 70.30 USD. We remain bullish on WTI oil. Our medium term price target is 77.50 USD and our long term price target is 80 USD. We would like to set new short term price target for USOIL to 72.50 USD. Technical analysis RSI and Stochastic are bullish. MACD has bullish...
USOIL gave up some of its gains from the last week. Currently it trades just below upper bound of downward moving channel. We continue to monitor USOIL closely while we look for any strength and potential breakout above the upper bound of a channel. We think this would be bullish developement for USOIL and it would be followed by another breakout above the short...
Original TP was at 1.5:1 which was hit but I manually exited the trade at 0.3:1 after I noticed the futures market did not have the same zone so I did not feel comfortable holding the trade after price broke above the distal line. Overall I'm happy with the setup and how I managed the trade.
H4 time frame. Structure: Downtrend. The current price is still trading in the range of the 70.00 resistance zone . Oil price is having upward moves to break the resistance level of 70.00 but there is no confirmation yet. Along with that, the uptrend is decreasing, showing clear divergence signals. In the bullish case, a clear rise above the 71.00 level is needed...
USOIL continues to trade around its short-term resistance near 70.50 USD price level. We continue to be bullish on USOIL. Our short term price target is 72.50 USD. Our medium term price target is 77.50 USD and long term price target is 80 USD. Technical Analysis ADX exhibits low value suggesting that trend is neutral or very weak. Although, RSI and Stochastic...
a major correction is necessary for continuaition of the trend
Oil has breached a 13 years long falling wedge. I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles. You can see that the...
H4 time frame. Structure: Downtrend. After the price rose to the important Key level of 70.00, there is now a head and shoulders - reversal pattern. Now waiting for the price to clearly break this reversal pattern or break the Key level up move at the price of 67.000, we can find selling opportunities. The profit target is the 62.000...
Crude Oil stuck in a downside trend. as long as below 70.50/71 price zone gold will carry its downtrend. Crude oil sell area 69.50 p [rice zone. we should stop loss above 75.50/71.00 price zone. so, if we sell near 69.50 I mean the present price zone. we will put our stop loss at the 71.0 price zone. first target 67.00, 2nd target 65.00 price zone, if the market...
WTI crude oil prices may resume the broader downtrend since June, guided lower by the boundaries of a Descending Channel . Prices recently tested the ceiling, leaving behind resistance at 70.587 as WTI turned lower. In the event of further losses, the next key test may be the 200-day Simple Moving Average (SMA) , which may reinstate the dominant upside...
Hello Traders, this is my idea for TVC:USOIL . Post your idea/analysis below for discussion. Thank you all for your support. For more accurate setups, stop loss, take profits and mentoring services, FX signals, Crypto, Indices and Stocks PM me.