West Texas Oil OANDA:​WTICOUSD

Hi there. Price is forming a continuation pattern to the upside. But first price needs to complete one more move to the downside. So, watch strong price action at the current price for sell.

Hello Traders, I'll be ready for a reversal setup on Oil market, The current structure is not showing more potential buy setup to the upside b/c the previous trend is still in force. Trade with care, Best Regards.

linked to weekly

On the weekly I have seen very strong support zones which have been tested several times, price seems to have created an inverse H&S pattern on the daily so I'm waiting on breakout to place a trade.

Oil is trading on a standard 1D Channel Up (RSI = 64.843, MACD = 1.270, Highs/Lows = 1.5707, B/BP = 3.8940) and has just reached its Higher High. Technically we are expecting a pull back at this point with TP = 54.845 (risk seekers may extend the short as low as 53.275). Account for a + 1.20% noise (57.100) as the price action did on the last Higher Low. ** If...

wedges tend to have false breakouts

Crude Oil Analysis Week 18-22/2/2019 Long Bias At Monthly Chart; a demand zone in control with a very strong monthly bullish engulfing At weekly chart; Demand zone is formed with several ERC candles & 2 bullish engulfing, aggressive longs all the way to the weekly supply zone (74.040 - 78.314) At Daily Chart; a new Daily Demand Zone has been formed after the price...

This is CAD Weighted average. Yesterday the overall structure may have changed. The second attempt on the way up FAILED. Now look at the last candle on the weekly Timeframe. It broke the resistance and made a fresh higher high but failed and as we are on Friday it is probably closing red and below the resistance. This is...

I am going to short oil here, it made quite the dump the past hours, indicating there is more to come. I am getting in with half now and will wait with the other half for the blue circle. I am also going to use 2 stops here. Yellow circles are my targets and the obvious target at the low. Previous...

On the left we can see a big inverse H&S for oil. I had many questions the past weeks about this one from my members. The all got the same answer: The shoulders are too small, especially the right shoulder. There are always 2 important factors to take into account when doing TA or determine waves, those are time and price. Meaning, the right shoulder could have...

Back in February this year I posted this chart here at TradingView to diagram the structure of the Crude Oil market and its potential upside along with the overhead resistance and the general timeframe to expect based on the chart at the time. The method I have outlined here is logical and not subjective, but what I do call this is "guessing" because anytime...

View On Crude Oil (13 Feb 2019) As per our previous trade analysis, the price had hit our TP2 level of $53.5, Now we are seeing $55 level as very strong resistant and the price may have a hard time breaking it up. It may be in the early stage of an upcoming sell down. We will update you again as it starts to play out in our way. DYODD, all the best and...

This is my #1 predicament for Crude Oil. I think Its going long. It broke the resistance and should continue up-trend. It will probably after 150-300 pips go back down for pullback.

WTICOUSD, Sell on H4. H4: - Tendency: Downward - Below resistance daily

WTI rebounded on Monday exactly on the 28 Jan low = 51.158 and 4H support and is now close to the 54.245 Resistance. If it gets rejected it creates the opportunity for a new short towards the support as 4H is forming a Head and Shoulders pattern (overbought on the Right Shoulder with STOCH = 83.318, STOCHRSI = 92.174, Williams = -13.879) and 1D remains neutral...

The red line in the chart above is weighted average CAD. The correlation is amazing. See where the red line is now! It is heading up and the best guess is to have OIL following it. Also yesterday it attempted to go lower after visiting the EMAs but it completely failed. This is a bullish sign too. The chart below is the weighted average CAD. First, see how the...

This is CAD Weighted average. Yesterday the overall structure may have changed. The second attempt on the way up FAILED. Now look at the last candle on the weekly Timeframe. It broke the resistance and made a fresh higher high but failed and as we are on Friday it is probably closing red and below the resistance. This is...

USOIL (WTI) labeled in a corrective sequence in Minor 2 (green), which appears to unfold as a sharp correction. A bearish impulse would be expected before WTI could bounce back. If you like my work, please support me with a like. More details in my signature. Many pips ahead!