CRUDE OIL Potential Long! Buy!
Hello,Traders!
CRUDE OIL is trading along the rising support
And we are seeing a local rebound form the level
So I think we might see a further move up
Towards the horizontal resistance above
Buy!
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Crude-oil
Crude Oil - CL (Negative Divergences Traded)We could see a pullback was arriving off the 4H NegDivs.
It arrived but has more work to do.
Commods were taken out to the commode and frushed
of FUF.
Pick one, they were all Skippy Red.
NQ, beaten down, Gold looking sketchy at best, although it
is attempting a consolidation - it should fail biggly - but will
remain tied to the FED's push-pull non-sense.
In the real world, arrangements are in solid decay.
WTIUSD / Oil - Technical AnalysisReviewing the daily chart shows extreme pressure to the downside over recent days, yet the bottom trend line held.
We are still range bound with no clear trend, however analysing the current range, an uptrend is assumed.
It is important to counter in the news and market sentiment. With ongoing conflict affecting supply chains, and concerns over supply chains being cut-off or heavily reduced, this will negatively impact supply and increase demand - leading to higher prices.
Technical Analysis
RSI is nearing the oversold level, and has on the last 2 days turned upwards - however looking over the last few days, this is no guarantee of continuation.
We have a bullish looking formation in the last 3 days of daily candles, with large wicks rejecting the botton of the trend line.
Support levels:
100.95
93.00
84.30
73.30
Resistance levels:
126.35
111.50
CRUDE OIL Wait For Breakout! Sell!
Hello,Traders!
CRUDE OIL is trading in an uptrend
But the price has made a pullback
From the rising resistance and now
The price is one more time retesting
A horizontal key level and the price action is bearish
So I think that IF we see a bearish breakout
Then the price will fall towards the target below
Sell!
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See other ideas below too!
Bitcoin, Crude, The MoonOkay was doing some fundamental analysis and saw a strange comparison with bitcoin and oil! CAN YOU BELIEVE IT? THE OIL GAINTS AND CRYPTO?!?!!
So after some research it just appears that Bitcoin is just consolidating before we take off because once gas reaches $7 a gallon we won’t lag behind! INFLATION WILL ROCKET! And the white house already expects an elevated CPI reading this month.
CL - Crude OilRevisiting Prior High @ 148.20, breaking it and moving to 175 - 185...
OPEC doesn't dig the Joey B.
MBS - Media Backed Shitstorm.
BIDEN - Begging in Doom Energy Nightmare
Brough to you by the WEF - Werewolves Engineering Failure.
Silver Bullets?
Nah, $7 / $8 / $9 / $10 Gasoline the goal.
To add insult to injury, Biden will attempt the Miles Driven Tax.
Crude Oil trading near its resistance
Currently, Crude Oil is trading near its strong resistance 114.5-116.5 USD/BL.
Technically, there are chances that it may cool off to its major support around 100 USD/BL.
On a flip note, if the price breaches the resistance, then the crude oil may re-test 140.
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Crude needs to bounce off retest support today...Previously bullish on Crude Oil, especially after it met expectations to break out of the triangle. However, it did meet resistance and failed with a gap down, pushing back to retest the triangle. At this point, pre-(US)market hours, Crude broke back into the triangle, which would be bearish in nature, expecting an exit on the other side to ensue in due course.
So, in short, be the end of the trading day, Crude needs to spike back up above 18 May close.
The OSL line is currently below the 55EMA.
Will review again...
USOIL / XTIUSD/ Crude oil market upUSOIL trade can catch lower low level before heading up as shown in the graph. In addition, Trade will be bullish in coming session. First It will attain peak level then can suddenly go for free fall to hit new lower low. Trade will be highly volatile. Take Position after careful consideration.
Buy Signal CLHi Friends,
This is just heads up, and look what oil price will do i guess all wonder... But this opportunity is high accuracy to go up.
We see and its all no good to all of us in the world...
We will pay more for everything with each dollar..
Have a good day everyone.
My Target for now 133$ per barrel. Long term 250$ .
USOIL: Higher Crude Prices Coming The oil market is currently the battleground of a tremendously hard-fought struggle that will likely resolve in favor of higher prices with an increase in volatility along the way.
After decisively holding the line above $100/bbl in recent weeks, Crude Oil looks ready to extend gains.
On one side you have the price suppression from the US-led SPR releases, and the echoing effects of the FED and Central Banks stepping on the brakes.
Then on the other side are the supplies as Russian crude gets harder to place (aside from Asia), risks to complementary sources of energy (especially gas), a foot-dragging OPEC+, and support for consumption in ex-China economies as they move beyond the pandemic.
The latest news from Europe is supportive of prices, especially the choking off of Russian gas flows to Poland and Bulgaria .
That'll boost energy costs, and may be the precursor to interruptions elsewhere .
On top of all that, the EU is set to begin transitioning away from Moscow's oil , as well as a shift away from Russian business from major trading houses .
U.S. crude stockpiles rose 619,000 barrels last week . However, refined products markets continued to show signs of extraordinary tightness as the disappearance of Russian oil forced Europe and Latin America to depend more on U.S. imports for fuel.
Taking all this into consideration, Crude Oil looks set to push higher.
USOIL - Choppy but still bearishYesterday, we showed a bearish breakout in the RSI of USOIL. Although, later, during the trading session, this breakout became invalidated, and RSI moved back above the horizontal support. Despite that, we remain bearish on the USOIL, and our price targets stay in place.
Illustration 1.01
The idea above shows yesterday's intraday breakout below the support in the RSI on the daily time frame chart.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX exhibits growth which signals that the bearish momentum is gaining strength. Overall, the daily time frame is bearish.
Illustration 1.02
The picture above shows the retracement in the RSI on the daily chart.
Technical analysis - weekly time frame
RSI and Stochastic are bearish. MACD performed a bearish crossover recently; however, it remains in the upper area of the bullish zone. DM+ and DM- show bullish conditions in the market, with ADX suggesting their further deterioration. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.