USOIL INTRADAY 40.60 is important level Below 40.60 - 40 - 39.70 Above 40.60 - 40.90 - 41.30
Based on my analysis I believe we are approaching another crash in the market, probably the biggest one yet.. NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down. Dow Jones is approaching its...
Limit short order at 40.45, TP at S1.
The intraday charts show that price has found support on the golden level, with an intense seller pressure the WTI remains under the bears' domain. If price action can break the current support, it will have a clear path to test back the 34$ handle. Entry after confirmation of a retest of the broken support would be taken, with the following short trade The...
WTI under sellers pressure, breaking trendline and retesting it after consolidation, together with MACD showing diminished bullish momentum, for a bearish bias confirmation. The order: Type: sell-limit S/L: 84 pips - R:R | 1:2 - T/P: aiming at the key support level by Fib -- *** If you like the idea, don't be shy, click on like and comment. If you do not...
Hello everyone, In updates and comments below this chart I would like to focus on the Divergences extensions Tip: With longer extension on divergence comes bigger and faster reversal (Work both ways) I personally would add more on leveraged shorts during breakdown of blue line (uptrend) as I see Oil finishing W5, filling gap, forming bearish divergence and...
Crude oil short on the 1Hr timeframe. The sky blue line is EMA25. Wait for pullback as both price & EMA are headed into the 'red-zone', an area that looks ripe for a short, especially now as price is disobeying the dotted red diagonal support line. I have two targets set up. First target is at 36.53, & the second target - for the more aggressive trader - is set at...
The bull run in WTI is definitely losing momentum. It is evident from the fact that negative divergence is coming in play between the price structure and MACD, after the 5 legs impulsive movement. Now the price is stuck between the key support at 34.86 and the critical resistance zone from 39.60 to 42.00 above. I have marked the two possible scenarios: 1. The...
If MA 200 (1H UNIT) breaks and oil goes above it, strong buy signal with target 41$. But my privileged scenario is that MA 200 will resist and send oil down to 28.9$ then 27.5$.
USOil Oil possible intraday short trade opportunity
Short WTI Crude Oil here is a very good opportunity. Have a proper stop-loss and you can see great profits coming
GOOOD DAY TRADERS.... A LOOK AT THE CRUDE OIL COULD WE SEE THE CRUDE OIL CONTINUE ITS FALL > CRUDE HAS BEEN EXTENDING LOSES SINCE THE OPEN ON MONDAY > WEAKENING SHARPLY ON CONTINUED CONCERNS ABOUT THE OVERSUPPLY AND LACK OF STORAGE SPACE.. HAS 2 POSSIBLE SCENARIOS ON THE OIL TIGHT STOPS RISK MANAGEMENT >> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND...
U.S. benchmark, West Texas Intermediate, has fallen to the $15 range as global economies remain on lockdown due to the COVID-19 pandemic, crushing crude demand. Also global oil storage is reaching its limits. The situation is so dire, in fact, that the Department of Energy is even considering paying domestic oil producers to keep crude in the ground. Even if...
USOIL Trade Update + Risk Range - 12:37:09 (UTC) Tue Apr 14,2020
Considering adding at these levels to an existing long position. I don't think that the teens will be met. I think $20/bbl will hold. If it doesn't, then it is manipulation of price virtually, as here in Texas the Permian basin is solid and in fine shape compared to Canadian heavy barley getting 4$ bids. I see this is more of a fundamental investment rather than a...
USOIL Short Entry (+282 pips) 06:47:22 (UTC) Wed Apr 8, 2020
WTI had a very good run last week, with the price gaining around 40%. Now Oil is facing strong resistance in the 30's area and I believe the price will drop in the next few days. Looking to sell for a drop to 25 zone.
Graphs (WTI) and BRENT are very similar, but there are little differences. Here is BRENT scenarios