Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish . in July, USOIL sentiment will tend to be bearish . The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day. In my view Oil prices are bearish but still not...
Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish. in July, USOIL sentiment will tend to be bearish. The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day at the 29th OPEC and non-OPEC Ministerial Meeting on...
Based on chart pattern analysis XTIUSD is currently forming a symmetrical triangle pattern, the price broke out above the resistance area, then retested. the price tends to be bullish going forward. Bullish target is up to 115.30 , stop loss if the price returns to the symmetrical triangle area.
Xtiusd short short pattern Xtiusd is completing its Head and Shoulder pattern Sell at 108.6 Tp 106 Tp 100 SL 114
USDWTI D1 Mentioned about that daily close... Price confirmation is always relevant to the timeframe analysis. Especially when swing trading using these H4 and D1 zone. The ultimate buy signal would be to see an engulfing candle from support upon todays daily close. But this may ruin RR potential.
50 Crossing below 200. Lower Highs printing Broke below Support Currently trying to retest Expecting further downside after Prior Support Rejection S/R Flip.
Xtiusd short xtiusd making ab=cd Sell at 105 Tp 100 Tp 94.5 SL 107
-Uptrend is still intact. -correction, impulse, correction, impulse. -Inflation, war helps the strength in oil. -WTI up25% for 2022. -Yes, it's overextended but we still have not seen sellers take control so with price at its current location, I will be looking for longs with confirmation. Any questions don't hesitate to ask or reach out to me on social media...
-Price Continues to grind higher and higher. -OIL Is up +22% for the year making it one of the best-performing commodities. -News on Russia/Ukraine = demand oil. -Inflation. -Don't be the idiot trying to sell this thing with no confirmation. Yes, shorting 1min scalps is fine but I do not recommend trying to hold a short for over 24 hours.
USDWTI D1 Change of bias again on WTI, we didn't manage to close south of resistance last week, 5th bullish weekly candle seen. Additionally, the daily candle looks like a solid break and retest play with a nice daily wick rejection. I feel we could start to rally towards that $90/barrel price in the near future.
USDWTI D1 Really hoping that this $85/b price holds. We are pushing last years previous high price. Before this, we hadn't seen WTI this high until 2014. Could see us trade down to around $75/b again before looking to extend higher, this would see a healthy correction from our latest daily extension. We could then look to position ourselves long on certain...
USDCAD H4 Here is the break we was expecting in line with USD weakness and continued CAD/WTI strength, as WTI broke that $80/barrel, we saw CAD climb in strength. Looking for the pullback to the broken support (now resistance price) to offer short entries, in line with a solid confluence stack.
its making a flag pattern but its near to the resistance expecting it to fall below the bull power is weakening so far
Missing leg will take Oil to new highs before a correction on a bigger scale will occur, im looking to short the Oil when it hits new highs with tight stop losses and a previous wave 4 target.
a major correction is necessary for continuaition of the trend
Oil is currently stuck in a range, and is highly likely to breakout to the upside due to demand increases. Be careful of swap/rollover fees
ENTRY : $59.300 STOP LOSS : $60.300 FIRST TAKE PROFIT : $58.480 RISK : 1% CAPITAL Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position. GL. Please feel free to comment and discuss. If you like this idea or traded it...
WTI has earned us plenty of profits during its bullish run that started about 2 weeks ago, but ever since hitting the 2021 top we have moved into more of a ranging market. We've taken a short and have one more sell order at the upper orange level as there is a chance of a retest and that is where we expect/believe bulls to get "tired" and price to reverse back...