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Brent-wti

This is my plan for Crude Oil.Crude Oil is one of my favorite assets to trade . My trading strategy on the commodity is about waiting for the price to reach key levels, then waiting for clear corrections in those areas, and finally developing setups on the breakouts of those structures towards the next relevant support/resistance level. The timeframes I use on Crude Oil most of the time are Weekly, Daily, and 4hs. What is my view from the current levels? After a huge bullish movement, caused mainly by the Russia-Ukraine crisis. We have observed a consolidation in the current zone for the last 40 days. From here, it's clear to me to define the long-term bullish target(140.00) and the long-term bearish target (80.00). At the moment, I'm not interested in developing setups on the bearish side. However, I see a trading opportunity on the bullish side that I will definitely take if all the conditions go as expected. You can see my setup in the following picture: The strategy here is to wait for a breakout, wait for a retest, and trade the retest on a new local high. Those retests I'm speaking about tend to take between 4 to 10 days. It's really important that you can define the setups you are interested in in advance, so you can study all the different variations or situations you may go through and get ready for them. This will improve your trading results. Also when you define the scenarios you want to trade, you are indirectly saying that you will avoid trading in all the other places. Thanks for reading! I will keep updating this idea. Feel free to share your view in the comments.
NYMEX:CL1!
by ThinkingAntsOk
2
OIL TRADE - READY TO BUY AT $110 PULL BACK!OIL TRADE-> I am counting a nice 5 waves up, the wave 4 pulled back to 38%, the A wave did the 61% of wave 5 so far.. looking for a 1 to 1 projection of the C wave which matches a 50% retracement of the entire structure.... Therefore, TP to enter long is $110! The NEXT wave 3 is going to be absolute firework parabolic MAYHEM o.0 I'm PROJECTING 185 to 200, EASY!!!! 70% to 80% reward in quick time sounds like a no-brainer in comparison to risk/reward to me. (Unfortunately, your stop loss would need to be around $98..) DYOR, GOOD LUCK!
OANDA:WTICOUSDLong
by davy101
#UKOIL Has Room To Go Higher #USOIL #Brent $WTI Traders, UKOIL (Brent) can still go higher. It has reached an FCP zone so any long positions for swing trade are not good ideally. However there is a gap available at 98 and then we have round number 100. This can also push upwards of this FCP zone to reach the final FCP zone of 105. Then it will be a good candidate for a short. Right now, trade in steps only. Horizontal lines are possible targets and arrows show the direction. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:UKOIL
by vikinsa
1
The correction I want to see before trading on USOIL This is an update on the post I made last week regarding the correction I want to see before trading (you can see the full post on the "link to related ideas") The concept of the setup is pretty simple. The price has already behaved in similar ways in the current area in the past, and the last thing I need to observe to say "This is ready" is the correction I have defined on this chart. Of course, if this doesn't happen, then I will not be able to trade, and that's the end of the story. However, if the filter happens, I know ill be in front of a high-quality setup. PAST SITUATIONS: The setup is like this . If the expected correction happens, I will set pending orders on a new local high, stop loss below the correction and target on the next weekly resistance level. This setup can take around 150 to 200 days. The risk I will be taking in this situation is 3% of my trading capital. Thanks for reading! Feel free to share your view and charts in the comments.
TVC:USOIL
by ThinkingAntsOk
4
TS ❕ BRENT: to 94$The price of oil is strengthening its bullish potential more and more. As before, the price approach to 94 is expected. BUY scenario: Mainly growth is expected from the same level of 88.65. Longs are relevant from the current ones. But it must be remembered that closing the price under 88.65 cancels all purchases. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILLong
by UnknownUnicorn15614419
1
TS ❕ BRENT: short to 85.15At the beginning of next week, a slight downward movement is expected immediately to support 85.15, from where the price is likely to continue its upward movement to new highs. SELL scenario: Due to a small rollback to support 85.15, one can open a short position with a small stop loss at the level of 88.65. The target, respectively, of the fall lies at the level of 85.15. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
1
TS ❕ BRENT: above 85$Oil is likely to hold above 85$ in the near future. At the moment, a small downward correction suggests itself, but you should be careful, as the price is moving in a strong uptrend. SELL scenario: A deal to sell is expected after the formation of the third top. This setup will be as confident as possible with the target of 85.15. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
TS ❕ BRENT: test 85.15Oil buyers have done a great job in their favor by closing the week above the level of 85.15. Now one should expect a test of this level, from where you should set the buy priority for yourself. SELL scenario: A rollback to 85.15 is not long in coming, and on Monday you can try to sell accurately. The best option was a candlestick formation at current levels that would indicate short. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
7