West Texas Oil

OANDA

:

WTICOUSD

Watching for support -retrace potential - 53.25 or lower if we get a pop tonight I'll be looking for a bull trap NY open - 11 am ? NY volume should be interesting - expect the unexpected. Sunday nite fun ! GL

You can see my chart, a little messy, but another push up is needed before we descend nice and strong again. Trust your own analysis.

5th wave to complete on this last push down then upside projection to the pink line is what I am looking at. London & New York sessions tonight presenting some solid moves perhaps...

Fundamental: International-Brent crude oil futures closed higher on Friday despite an International Energy Agency report that showed demand growth dropping to its lowest level in 11 years. The IEA said global demand to May from January grew at its slowest pace since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade...

Continue to wait for the signals to appear,then short it

As shown

Have a great day all!

Triangle model under a trend line, 78.6%, is also a harmonic model of the potential, to seek more support and signal! Good luck , support you like, please leave your ideas below. Updates will be in the comments section below.

WTICOUSD, Sell. H4: - Structure: Downtrend - Tendency: Downward - Below support => Sell

Double bottom bullish pattern Up to next resistance trend after breaking two resistances

Hello Traders, Oil is going to bounce Off !! OPEC+ is expected to keep cutting supply from the market. Trade with care Best Regards

continue short it

Hello Traders, WTICO/USD West Texas Oil 58.271 / 58.454 VS 55.639 / 55.229. Expecting A down move ( Green ) Towards 55.639 / 55.229 And looking for momentum to Break through VS 53.072 / 50.935.

Demonstation on a scalping strategy on $wti using the 15 + 5 minute chart.

Break back below S/R level with LL printed. Any pullback should provide decent short opportunities in confluence with 0.168 fib and nakedPOC. Targeting 58 area.

we have a standard symmetric triangle of indecision with the demand for crude oil suffering cuts it is possible that we will have a greater demand for the supply, so it is possible to value Brent Crude OIL! OPEC + Saudi Arabia and Russia have agreed to a G20 agreement to extend the cut in production for at least 6 months. The agreement is planned for the next 9...

Expecting Oil and Copper divergence to diminish in the coming weeks. Oil to adjust down, and copper to stabilize.

long