CFDs on Crude Oil (WTI) USOIL

The price is now on a 4H Channel Down (RSI = 39.718, MACD = -0.350, Highs/Lows = -0.6671, B/BP = -1.1220) headed towards a 64.64 Lower Low. That is the EMA200 on 1D (neutral ADX = 18.800 but bearish on the rest) and the last buying accumulation point. The Higher Low on the 1W Channel Up is also located there (64.40) which is the ultimate support point. If crossed ...

Price has once again fall to key support, where price is currently testing this level. Despite the US dollar shooting higher, oil has remained very resistant to a bearish breakout. Scenario One (Bearish Breakout): Price breaks major support of the bullish channel Scenario Two (Bullish Bounce): Price bounce from major support, moving to the upside. Comment: ...

Encountered great resistance

Major break after today is on the horizon. Watch out, crude.

Update to this idea > https://www.tradingview.com/chart/USOIL/hdyQlhTL-Crude-Oil-Elliott-Wave-Idea/ Linked to this idea > https://www.tradingview.com/chart/USOIL/3ICy3m3j-Crude-Oil-Elliott-Wave-Idea/ I think a larger ABC is in play and now either completed B leg at 6650 or possibly one more leg down to 6635; alternate counts below on 5m chart. C completed > ...

Just a quick Position Overview

https://www.tradingview.com/x/83Nm9oMI/

still down ...world slowing down .... glut of oil

Crude at best risk to reward. time frame 5 weeks... Entry at CMP or little lower. Sl below structure low..

OIL to move in timeframe pattern forming a high or a low at exactly the same time every single day. Basically you can just reverse the trend with a trade at 15:00 UK and will reverse forming the high or the low

Channel line represents key resistance area with pricing holding at that level. Possible scenarios: Target 1 represents 1.272 extension which coincides with lower pivot high Target 2 represent measured move break of prior trading range which also coincided with highest high S/L: Around 10 pips below wick of strongest bear candle @65.54 T/P: At pivot highs and ...

Today the price tested the 100 ma and failed. It is tempting to think that next test is of the 200 ma (around 64.5)

redline is the biggest S for the moment If price brokedown range and redline, short to at least 64 If price rebounds on the white line, long to 77 777

Today the price tested the 100 ma and failed. It is attempting to think that next test is of the 200 ma (around 64.5)

USOIL, crude faced aggressive price rejections and has seen lot of accumulation around the current price zones. Looks set for a potential upside move to test higher levels.

I see a wedge pattern here forming for US OIL. Although price is respecting this trend line and I see a pin bar form on the trend line on the Daily chart I am just concerned with price making lower highs so I will be waiting for a break of this triangle before confirming a LONG or Short bias. Any feedback would be appreciated. Thanks for reading

Advise to divide your entry orders.

Linked to this idea > https://www.tradingview.com/chart/USOIL/3ICy3m3j-Crude-Oil-Elliott-Wave-Idea/ Possibly completed impulsive move up for A or 1 and B or 2 coming up next before the next impulsive move upwards. 5M > https://www.tradingview.com/x/cBZeFMRW/