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WTI CRUDE OIL: First time on the 1W MA50 since August 2022!WTI Crude Oil reached the 1W MA50 on today's session for the first time since the weekly candle of August 29th 2022, so the level has been kept intact as a Resistance for 11 months straight. The 1W time-frame is neutral (RSI = 54.478, MACD = -1.030, ADX = 19.324) indicating that on such a strong long term Resistance, this is a low risk sell entry. We will trade this however after a bearish breakout and the trigger will be give if the price crosses under the HL trendline, in which case we will target slightly over the 1D MA100 and S1 (TP = 74.00). Beyond that, if a subsequent rebound gets rejected on the 1D MA200, we will sell again and target slightly over S2 (TP = 67.10). Watch if the 1D RSI gets rejected on the 68.75 Resistance. It will be a Double Top rejection. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
6
XAUUSD: Strong rally started on the 1D MA50.XAUUSD on the 1W timeframe shows a bullish technical action still at its start (RSI = 59.100, MACD = 26.140, ADX = 22.906) supported by the fact that this week Gold is rising after holding the 1D MA50, which was the Resistance for the last 2 months. This rise is an extension of the HL rebound at the bottom of the 8 month Channel Up and has already reached our first TP which was the 1,985.50 R1. A candle close over it (which will also be over the 0.5 Fibonacci level), targets the 0.786 Fibonacci (TP1 = 2,041) and eventually a crossing over R2 targets R3 (TP2 = 2,082). An key observation is that the 1W RSI is trading inside a Rectangle at the same time as the price's Channel Up. Top can be used to take profit and sell. A secondary observation is that the 1W MACD is on course to form the first Bullish Cross since November 2022. If it does it will be a huge long term buy signal. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
7
XAUUSD The first Golden Cross (4h) since March can deliver 2005.Gold is trading inside a Channel Up that got it off the prior downtrend as it crossed above the MA50 (1d). The price hit the top of the Channel Up, so a pullback is expected, same as July 3rd and July 10th. Perhaps the most important development today is the first Golden Cross (4h) since March 15th. Trading Plan: 1. Buy near 1,966. Targets: 1. 2005 (top of Channel Up). Tips: 1. The RSI (4h) is perhaps more illustrative of the expected minor pullback as it appears to have completed a leg similar to those that peaked on July 7th and June 30th. Also there is a Rising Support to consider for the Channel Up. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
2
WTI CRUDE OIL: Critical triple Support level. Huge downside beloWTI Crude Oil got heavily rejected on the 1D MA200 on Friday (the 1D RSI also on the oversold 70.000 level), the long term technical Resistance of the asset, and now the 1D timeframe is very close to turning neutral (RSI = 55.9310, MACD = 1.200, ADX = 35.829) for the first time since July 5th. Today the price has hit three key support levels, the HL trendline since the bug rally started, the 1D MA100 and the 4H MA50. Practically, a candle close under the 1D MA100, is a sell extension validation and we will see to target first the 1D MA50 (TP1 = 71.75) and secondly the S1 (TP2 = 66.80). As long as the Triple Support holds, we will buy since the risk is very low and target the 1D MA200 again (TP = 76.90). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
4
XAUUSD: Hit the 1D MA50 after nearly 2 months.Gold crossed over the 1D MA50 today for the first time in almost 2 months (since May 17th). As the 1D timeframe turned bullish again (RSI = 58.454, MACD = -7.380, ADX = 44.489) this is the first major bullish signal of a projected new long term rally. However we will wait until the first 1D candle close over the 1D MA50 and make a confirmed buy entry. Our first target is the R2 (TP1 = 1,985.50) just under the 0.5 Fibonacci level and second the 0.786 Fibonacci level (TP2 = 2,041.00) just under the R3. It has to be mentioned that the price also crossed above the 1D MA100 today. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
WTI CRUDE OIL: Sell opportunity on the LH trendline and 4H MA200WTI Crude Oil hit today the 4H MA200 after more than a week flipping the 1D chart neutral and the 4H bullish (RSI = 61.440, MACD = 0.100, ADX = 44.090). This is however approaching the RSI's R1 Zone, holding since April, while the LH trendline looms right ahead. Also this is where the 0.5 Fibonacci level is. Technically this is the most optimal sell entry for the short term and we will take full advantage of it targeting the S1 (TP = 66.80). On the contrary, a crossing over the LH trendline, will be a buy entry targeting the 1D MA100 and 0.786 Fibonacci level (TP = 73.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
5
WTI CRUDE OIL: Short term buy as the 4H MA50 held.WTI Crude Oil rebounded yesterday upon hitting the 4H MA50 and as the 4H technicals turned bullish (RSI = 55.674, MACD = 0.250, ADX = 26.371), this is a buy opportunity on the short term. We are targeting the 1D MA100 (TP = 73.50), where we will place the first medium term short (TP = 68.00). The maximum technical extension for this year has been the 1D MA200, so if the 1D MA100 breaks, we will place our second short at 77.00 for an even higher return trade (again TP = 68.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
15
WTI CRUDE OIL: Pivot level separates sell from buy trade.WTI Crude Oil got rejected today exactly on the 0.5 Fibonacci retracement level, which is the pivot level we have identified that determines the short term trade. The medium term pattern is a Megaphone and with both the 1D and 4H timeframes neutral (RSI = 52.099, MACD = -0.100, ADX = 28.689), we can easily realize that the price is exactly in the middle of the pattern, hence the Pivot. We will buy if a 4H candle closes over the Pivot (71.05) and target the 1D MA100 (TP = 74.00). Similarly we will be selling as long as the candle closes under the Pivot and target S2 (TP = 64.00). The RSI is trading inside a Triangle, whose top and bottom can help you take profit earlier if needed. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
14
WTI CRUDE OIL: Solid buy opportunity, targeting the 1D MA100.WTI Crude Oil has a sudden sell-of on the current 4H candle that touched the 69.00 price level and was quickly bought back. The 4H timeframe remained neutral despite this (RSI = 48.787, MACD = 0.110, ADX = 18.840), providing the ideal buy opportunity for the final leg upwards and test of the 1D MA100. As you can see, the 4H RSI is fairly similar to the the first 2 weeks of may where the Channel Down started the bullish leg to the HH trendline. We are bullish already with TP = 74.50. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
4
XAUUSD: Strong buy signal targeting the 4H MA200Gold hit yesterday the HL trendline, which is the bottom of a Triangle pattern that has the R1 (1,985.50) as the Top, and is rebounding. This rebound was also made on the 1D MA100, the third time this happens in the past 10 days. The rise has already reached the 4H MA50 and turned both the 1D but more importantly the 4H timeframe (RSI = 49.565, MACD = -1.650, ADX = 18.715) neutral. We are already bullish, targeting the 4H MA200 with TP = 1,980. If we close over the R1 on a full 1D candle, we will enter a buy again, targeting towards R1 (TP = 2,020). The 4H RSI is having a clear Buy Zone since May 25th, that might be useful as this rise continues for buying upon pull backs. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
XAUUSD rebounded over the 4hour MA50 again. Bottom confirmed.Gold / XAUUSD hit the 1day MA100 and rebounded again over the 4hour MA50. That is the same bottom confirmation signal that the market gave on March 9th. The 4hour MACD is about to make the 3rd straight Buy Cross on a Rising Support again same as in March. Buy and target 1985.50 (Resistance A) short term, 2020 (Resistance B) medium term and 2080 long term. Previous chart: Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDLong
by TheCryptagon
8
WTI CRUDE OIL: Formed a Megaphone. Buy signal.WTI Crude Oil formed a Megaphone pattern and is now near its bottom with the 4H time frame on oversold technicals (RSI = 27.320, MACD = -1.180, ADX = 31.676). This is a short term buy signal, targeting the top of the Megaphone, 1D MA100 and 0.618 Fibonacci Resistance Zone (TP = 75.00). A breaks under the Megaphone and S1 targets S2 (TP = 63.65). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
13
XAUUSD: Excellent buy opportunity on the 1D MA100Gold reached today a triple Support Zone, the 1D MA100, the bottom of the Channel Up and S1 (1,935.50). The 1D time frame is technically bearish (RSI = 40.784, MACD = -12.590, ADX = 46.379) but those where the exact same conditions that formed the November 3rd 2022 and February 27th 2023 bottoms. Both bottoms gave way to price rallies that made at least a +10.20% increase. Consequently, we have two targets: short term the R1 (TP1 = 2,083) and long term a +10.20% increase (TP2 = 2,130). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
11
WTI OIL Hit the MA50 (1d). Selling action plan.WTI Crude Oil hit the MA50 (1d) today after 3 weeks. Inside this multi month Channel Down, the strongest Resistance-Sell entry level has been the MA100 (1d). Max level it reached before getting rejected as the MA200 (1d) on April 12th. Trading Plan: 1. Sell on the MA100 (1d) at 75.80. 2. Sell on the MA200 (1d) at 79.00. Targets: 1. and 2. 70.00 (over Support 1). Tips: 1. The RSI (1d) is showing a price action on a slow rise over its MA, similar to December 15th and January 11th. This is an additional indicator showing that the top is near. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
25
XAUUSD Can dip lower if it closes under the MA50 (1d).Gold hit today the MA50 (1d) for the first time since March 13th. The last time it closed under it (Feb 13th), it declined more as low as the MA100 (1d). If it closes under it, a potential low and rebound level can be within Support (2) and (3): 1935.50 - 1950. Trading Plan: 1. Buy if a 1d candle closes over the MA50 (1d). 2. Sell if it closes under the MA50 (1d). 3. Buy at the bottom of the Channel Up and near the MA100 (1d). 4. Sell if the price closes under the MA100 (1d). Targets: 1. 2080 (Resistance 3). 2. 1950 (Support 2). 3. 2080 (Resistance 3). 4. 1850 (potential contact with the MA200 1d). Tips: 1. An RSI (1d) reading near 30.00 would be a great additional long term buy indicator. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSD
by TradingBrokersView
20
XAUUSD: March repeat sends it to 2,080.Gold is consolidating inside a Triangle pattern, with 4H technicals naturally neutral (RSI = 43.149, MACD = 1.520, ADX = 27.050) always within the larger pattern of the Channel Up. The very same Triangle in March broke upwards aggressively to form the new Higher High of the Channel Up. With the 4H RSI on a similar Double Bottom formation, we are buying again, targeting the R1 (TP = 2,080). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
10
WTI CRUDE OIL Best long term sellThe WTI Crude Oil is being rejected today on the 1day MA200, the longest Resistance MA technically. This rejection is also taking place on Resistance A (83.40), the December 1st top. The structural top inside the Channel Down has been the same on every occassion. When the now overbought 1day RSI crosses under the MA trendline, the sell will be confirmed. Target 70.00 (Rising Support). Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
4
WTI CRUDE OIL: Major 1D MA200 test after 7 months.WTI Crude Oil is about to hit the 1D MA200 on nearly overbought 1D technicals (RSI = 68.113, MACD = 1.880, ADX = 54.309) for the first time in 7.5 months (August 30th). This is a critical technical junction as 83.50 is also the top of the R1 Zone and the High of December 1st. With the RSI also approaching the HH trendline, we are going short on WTI and target first the 0.618 Fibonacci level (TP = 72.00). The downtrend can be deeper but this needs to be confirmed. The current bearish signal will get confirmed once the price crosses under the 4H MA50, which has been supporting for 3 weeks. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
2
XAUUSD: Aiming at 2,050 after the CPI.XAUUSD is rising following the lower than expected U.S. CPI report with the 4H technicals largely bullish (RSI = 65.005, MACD = 6.660, ADX = 31.407). The pattern is a Channel Up and the current rebound is being made on the 4H MA50. The 4H RSI is approaching its LH trendline and very time a rise hit it, it completed a rebound in the range of +3.50% to +4.50%. The minimum of +3.50% will make a Higher High on the Channel Up at 2,050. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
4
WTI CRUDE OIL: Best Sell inside the 4 month Resistance ZoneWTI Crude Oil reached the R1 Zone following OPEC, while getting very close to the top of the multimonth Channel Down. The technicals on the 4H time frame got overbought but have dropped below the barrier since (RSI = 68.376, MACD = 20.40, ADX = 40.224) indicating the first signs of sell bias. The Sell trigger perhaps can be given when the RSI crosses under the HL trend line. The previous crosses over the LH trend lines, were trend reversals. Also we just formed a 4H Golden Cross and for the past year, that formation has emerged near market peaks. As a result we now turn bearish on WTI and target the 0.786 Fibonacci (TP = 69.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
1
WTI CRUDE OIL Best sell position inside this 8 month patternWTI Crude Oil is approaching Resistance (1) at 83.50 after OPEC cuts. The MA200 (1d) is almost there at 83.97 and has been untouched since August 30th. The pattern is a Channel Up and its top is only a little over Resistance (1). Trading Plan: 1. Sell on the current market price as the above three levels form the strongest Resistance Zone possible. Targets: 1. 67.00 initially (Support 1). Tips: 1. RSI (1d) is under a Rising Support. It is not quite there yet but the very first sign of sideways trading would be an indication of forming a top. Please like, follow and comment!! Notes: This is a continuation of this trading plan:
TVC:USOILShort
by TradingBrokersView
XAUUSD Bearish Divergence like January. Potential for huge sell.XAUUSD has been ranged for the past 7 days within the 2010 Resistance (1) and 1935 Support (1). The RSI (1d) is inside a Channel Down, which is a Bearish Divergence. A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d). Trading Plan: 1. Sell on the current market price or if you want a confirmed signal, after Support (1) breaks. Targets: 1. 1895 (on the MA50 (1d) and above Support 2). Tips: 1. The MA100 (1d) was the trendline that supported Gold on the February 28th Bottom. It is not unlikely to see the market target this level again long term. Please like, follow and comment!!
FX_IDC:XAUUSDShort
by TradingBrokersView
5