Oil is currently trading sideways within the 1D MA200 (orange line acting as a Support) at 57.40 and the 1D MA50 (blue line acting as a Resistance) at 58.90. This is basically the price attempting to create a Support Zone following the 65.70 High after the Iranian tensions (1D turning neutral because of this consolidation with RSI = 44.650, MACD = -0.250, ADX =...
an important resistance have been broke and signed as support for now to have a short trend
The future USOIL, symbol CL, is in a Bear Market Rally with price trading above the 50 ema, which is below the 200 ema, which is below the 800 week ema. The 50 week ema is currently slightly up trending, but by and large the long term emas are mostly flat. This implies an accumulation/distribution zone. Price would have to close below the 13 ema at 58.86 on the...
Dear Traders, Due to US-Iran conflict, Crude has been unstable, now that the US is not responding "violent" as expected, the oil could move stable and respect the next support area that could be a nice entry to long/buy with strict stop if it is not respected. this is my setup for next week: USOil Buy at 58.40 Stop Loss at 57.50 TP 1 at 61.05 TP2 at...
Short WTI Below-61.90$ Stoploss- 63.10$ Target1 - 61.22$ Target2-60.10
WTI hit the 63.50 target. Now from a technical perspective USOIL needs to pullback at least to the 200 EMA level of 59.50. Potential of entering back the channel. Non-commercial's are holding massive amounts of longs (91%). They should start closing, changing the trend of the WTI Crude Oil. And of course, all of the above is valid only if fundamentals are...
Oil has hit the 63.90 1W Resistance and is naturally retracing, despite the Middle East geopolitics and lower than expected Crude Oil Inventories today. This is purely a technical reaction upon reaching a long term Resistance level and 1D approaching the sell zone (RSI = 68.142, ADX = 54.212). We are expecting a pull back towards the 60.00 Symmetrical Support or...
USOIL Sell For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 4hr or more.. Push Like & Support the Idea...
USOIL The market is forming potential Bear-Flag Pattern.Wait for the market to break below the support level and after a small correction,look for Short opportunity..
The latest analysis was made a little unclear :-) There are three scenarios for the daily and four hour periods. But each of them implies a reduction in oil prices in the near future. I am interested in making money next month, and oil provides such an opportunity.
Wti crude oil - my trading plan
Crude oil is currently at key point of resistance. the first 2 time, it didnt pass, now its at its 3rd time. it has very high probability it can't break the resistance start its retracement.
on chart you will see if the price going up 180 it well hit 225 angel and if close bullish going to 270 angel and if close below 180 angel it well going to 135 angel and close below that well going to 90
WTI rose to levels not seen since September 17 yesterday as weekly stockpiles data showed a reduction in reserves. Monthly Crude oil has climbed over 9% in December and is showing upward momentum. Ultimately, the market looks as if it is trying to close through the resistance barrier that extends to the $62.50 level, so it’s likely that we will continue to see...
WTI Crude Oil is on a short term Channel Up on the 1H chart (RSI = 52.630, MACD = 0.040, Highs/Lows = 0.0000). Those neutral technical indicators suggest that we may be near a buy level and as we see on the chart the price is indeed near the Higher Low trend line. Additionally we see a double tier Support level provided 1st by the 1H MA50 and 2nd by the MA200. So...
Long WTI Below-59.40$ stoploss-58.80$ target1 price- 60.82$
EXPECTING BEARISH WTI As seen in the screen shots released in the chat and trade alert channel... we see that WTI is currently at the top of its range and at an important resistance level which is the upper trend line, connect that with RSI being at the overbought zone and we have a higher probability of selling over buying. The pattern we are trading is a...