OIL Good opportunity SHORT!!!It is very sensitive to news, especially war news, always cautious, but we have a good short opportunity, it is in a resistance zone, it is diverging on RSI, it is in an RSI overbought zone, it has everything for a good short move, let's keep him under surveillance!Shortby binvestorsfutures110
No a good time to purchase oil stocks?Current price of CL1! Light Crude Oil futures show that the price is close the the weekly resistance and the up side is not satisfactory. MACD is weakened despite the short-term up trend. Price increase may be too extended in this case.by yamgordon0
a megaflag pointing to 120 USDWe have encountered two gigantic patterns. Oil will visit both $48 and 120 USD. The question is, which price will it reach first? The expanding wedge allows for the completion of the large flag that takes us to $120 Bull patterns: A mega Flag A Flag And a symmetrical triangle that completely changes the down trend for now Bearish patterns: expanding wedge So, first we will see oil prices reach $120 USD, then the economy will start getting hit by stronger inflation cause by the high energy prices, which will lead us to a demand destruction and finally the prices will go down to $48 USD. NOTE:If the 48 USD wedge occurs first, this will allow the oil price to be released of any pressure to stay in the 100 level. Longby AllAboutMoney1
Trading Idea - #CrudeOil My trading idea for - #CrudeOil - BUY Entry: 82.60 USD Target: 90.00 USD (+8.5% profit) #CrudeOil has risen to $85 per barrel due to #Opec production cuts. Crude oil inventories are expected to decline in the second half of 2023 (source: www.energyintel.com). Means also higher demand and higher prices. In July alone, the price of oil rose by 13% - more than Saudi Arabia's 10% production cut. They have certainly made good profits and want to maintain this trend for as long as possible. I expect it to continue upwards until November. #Brent is currently trading at October contracts. I expect prices to fall as we get closer to January 2024 contracts.Longby Traderherz-Analytics113
WTI Light Sweet Crude Oil, 8/7/23For Monday, the 81.49 - 81.73 area can contain selling through the balance of the year, above which 86.67 remains a 2 - 3 week target, 102.96 attainable by the end of the year. Upside Monday, 84.17 can contain session strength, while closing above 84.17 indicates 86.67 within several days, able to contain weekly buying pressures and the point to settle above for yielding 92.93 - 93.53 over the following 3 - 5 weeks, where the market can top out on a monthly basis. Downside Monday, closing below 81.49 indicates a good August high, and quite possibly through the balance of the year, 75.49 then considered 1 - 2 week target, possibly yielding 62.14 by the end of the year.by SpecialeAnalysis0
Crude Oil: Weekly Shift to BullishCrude oil is pushing higher this week after breaking above trendline resistance last week, and after holding above the 200-week price average this summer. Price is now trending above all MA's on a weekly basis other than the 100ma which rests near $85 and is the short-term resistance level to watch on this push higher. The PPO indicator shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum. The PPO line is also close to crossing back above the 0 level which would indicate a shift to bullish momentum on an intermediate to long-term basis. The TDI indicator shows the green RSI line crossing above the 60 level which indicates a bullish trend in the short-term. The RSI line is currently above the the upper white Bollinger Band which indicates extreme bullish momentum; generally you want to remain long when the RSI line is trending above the upper BBand. Overall trend and momentum are looking strong on a weekly basis here, 100ma is the resistance level to watch as that has been strong resistance since late 2022. A push above there would likely see price continue to move higher and test the $100 level. Longby PrepForProfit1
learn to trade- crude oil setup- shorta short set up in crude-oil can be seen.. paper trade first then actual trade. let us c..Short02:26by shiit_tv_teameUpdated 0
MCX Crude Oil 15 Min chartTrack this Gann Box overlay on 15 Min Crude Oil chart Gann Box is one such powerful tool that can be used to measure and detect recurring price cycles. The user can set the time and the price range for a cycle that is expected to repeat. In this sense, the Gann Box is like a road map for the market which can be used to look for targets. by LavnyaInvestments5
Dxy Gold Oil8.3.23 It looks like the Dxy is heading a little bit lower.... it would have been better to trade the oil Earlier today when it was a two-bar reversal that went up two points... but there may be some more upside to it. The gold has been pressing higher and probably has a little bit more upside to it. These markets aren't that interesting right now and this isn't the easiest price action. You can still make money but you have to be selective with markets like this in my opinion.16:46by ScottBogatin11
WTI Light Sweet Crude Oil, 8/4/23For Friday, the 80.50 - 81.61 long-term resistance area can contain buying through summer activity, below which 76.77 is likely by the end of next week, 62.14 attainable over the next 3-5 months. On the other hand, a weekly settlement today at or above 82.42 (1% above 81.61 – page 2) would set off a meaningful buy signal into later year, 87.27 then expected within 3-5 weeks, 103.33 within 3-5 months (p 2). Downside Friday, 78.97 can contain intraday weakness, while breaking/opening below 78.97 allows 76.77 intraday, able to contain selling into next week and the point to settle below for then indicating 70.40 over the next 2-3 weeks.by SpecialeAnalysis0
learn to trade -continuation of previous this video is a must watch .. for learning trade.. it is a missed part of the previous video.. kindly watch and learn how to trade in crude oil.. this indicator actually produced good signals for trading.. this indicator will be available soon for subscription.. till then i will post how indicator should be used.. this are the trade opportunities in 5 mint.. time frame. in three minute also it has given signals.. thanks for watching// kindly mute while watching.. give a like if u like ..09:31by shiit_tv_teame1
learn to trade in crude oil hello all.. here is a historical trade analysis using own indicators.. today the indicator gave wonderful opportunities.. every body go thru and enjoy the video... indicator will be ready for subscription soon.. till then i will post learning videos... kindly mute while watching to avoid bg-sound thanks for watching.. if u like the video kindly give a like.. or follow me.. 02:39by shiit_tv_teame0
Oil Finding Support After Breakout and Dollar BreakdownBullish continuation should be in order after crude finds support at former resistance line. Furthermore, the breakdown in the dollar should materialize to more bullish momentum for commodities after some consolidation.Longby ChadBangsUpdated 0
CL1!1Y RSI is topping. MFI is trending up. This might have a little more upward movement. 5Y RSI is at 50 at a midway point. Looks bearish. MFI is trending down. ALL RSI is falling. MFI is falling. Prediction: this will fall soon. For my educational purpose, not to be used as financial advice.Shortby Kyo026Updated 880
Crude Oil Slows Down For A New CorrectionCrude oil faced strong drop and spike back in May, which can be also considered as the final leg of wave (5) of A, so we are aware of a higher degree A-B-C recovery after strong reversal up from the lows. After a completed wave A and expanding triangle in wave B, which is tricky, but still a bullish pattern that already sent prices higher, ideally within a five-wave bullish impulse into wave C. Now that came back to projected April highs for wave 5 of (3), we can see a new, higher degree A-B-C correction within wave (4) that can retest 77-75 support area before the uptrend for wave (5) resumes.by ew-forecast115
Crude Oil Technical Outlook #DailyOil has been on a blissful rise to the upside since midyear June 2023. Prices skyrocket from $69 a barrel to highs of 82 Dollars a barrel. Currently, The price of Crude oil is $79 and the price of Brent is 83 dollars. We can see that the market trend has changed and the uptrend has now turned bearish. In this article, we will be looking at purely the technical elements on the daily chart, affecting the market to get a comprehensive understanding of the market direction. Firstly we see that the Crude Oil prices hit a level of resistance of around 82 Dollars a barrel when we look left at past data, we can see that this price level has been tested multiple times so we know that this is a strong psychological demand level. Here are key indicators to indicate that the market might be heading for a retracement: 1)Resistance Level-We can see that this is a valid resistance level because the price has been rejected at around this price more than 3 times. 2)Bearish divergences-The market making higher highs but the stochastic oscillator is making even highs (See blue lines) 3)Bearish Bat/Gartley Pattern- There is a 5 points bearish pattern that is completed. indicated in blue. This W pattern can be considered as a Gartley or a Bat pattern, either way, it is a bearish indication. 5)Bearish Harami- On TUE 01 Aug after the market closed with a green body, The market had a small gap to the downside, then formed a small red body candle. This tells us the market is pregnant and down movement is approaching. 5)Engulfing Pattern- After the Bearish Harami. the market gapped to the upside before forming a big red candle that engulfed the small red candlestick. What to expect? The overall outlook on oil is for the price to keep its way up and this down movement is a temporary retracement from the up movement it has been on. We need to look at key levels where the market can find support. These are levels to take profits or look for possible entries to the upside. The first level $75 is a strong psychological level because of the Number of rejects at that price, It is the start of the window or gap that appears in the past and also It is the 50% retracement of the Cd leg. The next level would be $72 because it is the 6.18 retracement for leg CD. If the rejection is found here, we could be looking at a possible AB=CD Pattern to the upside. The last price to take profit on the sell position would be at $66 which is 100% retracement of the line CD The market is in a big range moving up and down with bands at the top and the bottom. Right now the market is at the top part of the band and is facing rejection. Keep in mind that nothing in the market is certain and you should trade with caution and risk management strategy.Shortby Voice_of_the_Cryptos2