WTI Confined to descending wedge.
WTIUSD or Crude Oil or USOil Long Idea from our strong Support Level. Trading Levels : »53-52 | 51-50 »Risk=0.5point | TP = 54.5 Fundamental Imp—As predicted more stimulus talk $1.9 Trillion by Biden push OIL in bull mode from our levels, next TP=54.50/56.00 PREVIOUS RESULT—Enjoy PRECISE LEVEL1=52.2 to 53.8=1.6point gain=24hrs
Where is OIL WTI headed next? Our previous tradingview analysis on OIL has offered us and our followers a highly profitable low risk swing trade. Watch the video to learn more about the next trade we will be taking in this market. If you'd like to learn a trading approach with edge that will help you be consistently profitable, make sure you give us a 'like'...
Oil made a new high post negative territory above 45usd/barrel and for 2 weeks now is staling in this zone. I think at least a correction is just around the corner and WTI could fall to 43, to say the least. A confirmation for sellers comes with a break under 45. I'm looking to sell it
This week will be important for WTI. From a fundamental point of view, we expect news related to production. Technically, we expect a break in the current consolidation and the break will determine the direction of entry. At the moment, the more probable scenario seems to be a break of the support at 44.66 and a continuation of 43.30! In order to confirm the...
waiting for a retest of the major support line and looking for entries on any bullish candles.
After a few days of consolidation between 39 and 42, Oil broke above resistance and also above the recent 43 high and looks determined to continue higher. The chart looks very constructive and with this new "vaccine" and wave of optimism crude oil could find strong bids that can drive the price to 50 old support now resistance. As long as the price is above 43 on...
Although the price of Oil remains elevated, it doesn't convince me... Rises are very well capped around 42.50-43 zone and I expect the price to tumble sooner or later. A daily close under 41 would be the signal for bears and, considering the economic outlook, 35usd/Baril would not surprise me at all
Further to yesterday's idea, price has dropped at resistance and dropping : Already in profits and managing our positions accordingly. Closing our 3 Buy positions and also closing 3 of our sell positions. 4 sell positions in profits and remaining open. 1 is cashed out so profit guaranteed, 3 open with take profit levels at 36.60, 34,60 and 31,70. VICTORY ...
Hello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of WTIUSD US Crude Oil (WTIUSD ) Current price is 3921.7 Current Resistence level is 3927.4 Current Support level is 3843.3 If Market Breaksout the Resistence level and Close on above this level we can enter in Buy Trade as Case 1 in Chart ,...
From the beginning of September, WTI is trading in a range between 36 support and 41.50 resistance. At this point, Oil is trading on the upper side of the range and we have a nice opportunity to enter short for a 400 pips profit target. In my opinion prices above 40 should be sold and only a daily close above 42 would change my bearish opinion
Chart analysis suggests double bottom formation and trend continual, there fore it's short term bullish and beneficial for day traders.
After correcting to 37 zone, WTI has entered in a range with a top above 41.50 and a bottom at 37 zone. Now oil is traded near the top of the range and we could have a nice selling opportunity with a R:R of more than 1:3
Good day friends..Give us a thumbs up if you like our idea.Follow my profile to get new ideas and trade setups everyday OIL Due to the weaker demand in the Global market Oil felled towards the 36.12 which is the September low and then its formed a triangle pattern and went bullish up to 41.43 and traded in a range from September 17 to October 01 and again...
Take a look at our previous Oil ideas and how precisely the levels have been working for us. If you want analysis on other assets you can feel free to contact us. FXPROFESSOR