BULLISH CHANGE IN THE STATE OF DELIVERY CONFLUENCES - Oversold -Fvg -Low swept -HVB -Divergence -NWOG -Trendline support CONFIRMATION ENTRY TYPE -Once price retraces to FVG/+OB/NWOG scale to lower time frame and wait for the reversal setup.
WTI oil (WTI/USD) is rising towards the pivot, which has been identified as an overlap resistance, and could reverse to the 1st support. Pivot: 80.31 1st Support: 77.19 1st Resistance: 81.85 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
USOil (WTI) is under pressure, it has retraced into my optimal entry zone on the 4H. Looking to sell at the currrent level with a 2R target. SL above the previuos high. Not financial advice.
OPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.
WTI is following my main ideas and it showing us a good bullish pattern that I really like. We can see a strong divergence on multiple timeframe, a break above main trendline, and it's giving us enough time to accumulate longs at a strong support zone. My first target is the same as previous ideas
Hello, We've identified a current opportunity to buy WTI Crude Oil with a high probability in the Daily chart. Our target is $82 within a few days (Swing trade). Ibrouri
Hello,Traders! CRUDE OIL was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CONFLUENCE -Momentum shift -Price is oversold -Found daily trendline support -Filled NWOG CONFIRMATION ENTRY TYPE -Scale to LTF for reversal setup
Watch this space for more update, OIL is now bearish . We are setting second sell limit at 86.17
Had to reasses my elliot wave count here and adjust accordingly. I did not get in a long since the smaller time frame never ended up confirming, this is the updated count, we may have finished the 5 of a ending diagnol here, and will get long if we get a 30 pullback and 5 to confirm.
Price is barely holding the support line. If it bounces we have mapped the upside target. If it breaks down then we have mapped out our downside target. We are in a grey zone, neither direction is clear. We believe most likely we will see a breakdown but it is a close call. Are you long or short?
Swing idea on Oil using trend lines as a way of managing downside and trailing stop in profit 4h time frame only
Rebound in downtrend, buy, tp 77.7/78.3
Crude oil fell relentlessly last week, but managed to post a modest gain on Monday. Prices turned lower once again yesterday, and the sell-off has continued this morning. Front-month WTI has now fallen back below $78 per barrel, a level which acted as resistance back in November, January and February. It’s now apparent that it hasn’t offered any support to prices....
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research
Oil fundamentals by seeking alpha i cant copy and paste go and see the article and diagram for yourself seekingalpha.com
On 4h timeframe, WTI Crude Oil is printing a falling wedge pattern followed by Bearish Divergence on RSI. Potential Reversal Zone is predicted using the AB=CD pattern. TRADE PLAN Buy on breakout on previous Lower High. Stop Loss on previous Lower Low TP1, TP2 with RRR of 1:1 and 1:2 respectively
Oil Prices Signal Further Declines Oil prices have exhibited a downward trajectory, breaching the pivotal $77.5 mark. This breach has set the stage for potential further declines. The first significant support level is anticipated near the $76.8 zone, followed closely by a more robust floor around the $76. Investors and traders are advised to exercise...