Crude Oil I see about 35% price drop in crude oil prices ..beginning from next week. The impulsive rally to the upside is at it's final leg.
Crude-oil
✅CRUDE OIL LOCAL SHORT🔥
✅CRUDE OIL was trading in a sharp uptrend
But now the price broke the local rising support
And thus I think a local bearish correction
Might happen with the target nearby
SHORT🔥
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Crude Oil - 5 Feb - Buy TP1 alreadyJust an idea on Crude Oil. It is time to cash out on TP1 & look forward for a TP2. It is a safest way to take Partial profits on TP1
Crude Oil Bullish SequenceIn this update we review the recent price action in Crude oil (futures contract) and identify the next high probability trading opportunity and price objectives to target.
Crude Oil Approaches Key 90 Mark, but RSI Warrants CautionCrude oil is showing multiple Bearish RSI divergences, but the fundamentals -- which take precedence (IMO) -- e.g., OPEC spare capacity, Ukraine, increasing demand, etc., appear increasingly bullish.
EIA inventories due out this week show an expected build of 962k barrels, according to Bloomberg. That would mark the third week of storage increases for WTI, but Cushing, Oklahoma, stocks have seen a corresponding reduction.
If prices continue to increase, the 90 psychological level may offer up some resistance.
CRUDE OIL Bearish Bias! Sell!
Hello,Traders!
CRUDE OIL is in the strong uptrend
And is going up almost without pullbacks
So I think the commodity is oversold
But there are no horizontal resistance levels nearby
So I use a confluence of the two rising resistance lines
As a potenital point from where we might see a bearish correction on oil
And I will be watching this price level with interest
Looking for the reversal clues
Sell!
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USOIL Crude oilUSOIL has previously given the respect to upper trend line 3 times prior to this and failed to break it every time. if oil moves up in the upcoming days area near 95-99 will be very important to decide if its going bearish or bullish in the month of February.
Sell BRG2022 at 84.3 and aboveW pattern completion from November lows somewhere here. Not sure but try to short here with relatively small position
Crude Oil -Whom Do You TrustThe operators whipsawed the Back Gold and managed to create
another Fake Break @ Highs.
CL always pulls this stunt.
Now it's up to the Specs to pony up.
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API & EIA have not been supportive of the Price.
OPEC is now Silent.
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China has a 5-year SPR locked up along with foodstuffs.
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US Oligarchs can't wait to gobble up Companies on the Cheap.
The Rockies exited Oil for a reason.
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Can they stage the move back into the Channel and run to new highs
or is it lower lows... I never trust these pricks.
CRUDE OIL SetupXTIUSD (CRUDE OIL) has made the top and break its most important support.
We are expecting bears to be active and push the price to near support zone.
One must adopt sell on strength strategy and put stoploss on recent high
Trade your levels accordingly.
Crude Oil HI Sell opportunites Seems like QM continuation pattern
This is for my personal analysis and investment purposes.
Neither recommendation nor advice.
Happy Trading!
CRUDE OIL Local Short! Sell!
Hello,Traders!
CRUDE OIL is trading in an uptrend
But the price is about to hit the strong resistance level
And as oil looks locally oversold I would be
Expecting a local bearish correction
Towards the target below
Sell!
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WTI Same Price Action in between Jan-Oct 2018Good Afternoon Traders,
WTI weekly chart seems to be forming the same price action between January 2018 and October 2018.
RSI chart losing momentum while price getting new highs.
Price should pass Oct 2021 highs to lose momentum and get in the range between $50-65.
I decided to watch Crude oil and set up some alerts regarding its price action.
I will share ideas and I look for a good Short set-up for US OIL .
If you enjoy my graph, please make sure you like and follow me .
Your feedback will always be appreciated.
Wish you a great day and Stay Safe! TVC:USOIL
CL - 15 Minute MicroCrude Oil has an expanded range from 78.36 to 80.48.
Sellers have been roundly pushed back as CL would simply
collect the energy and grind higher.
API Today and EIA T0morrow will provide direction, the
Gap remains overhead and should be filled.
Rates have had a mild impact on CL, as has the DX.
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We currently hold no positions and are awaiting the next break of 80
or support to trade to consider a Position.
The Weekly and Monthly ranges are quite large and have us squarely
on the sidelines while the Indices are providing greater Velocity
Intra-Day.
Should TNX backtest the breakout, we will be closely watching the
reaction within Energy.
NG came up nicely off its 3.50/3.70 range to move back over $4.
RBOB remains in a larger Range and is becoming a leader in the
Energy Complex into March as reformulations begin to gain momentum.
CL - Into the Gap Fill81.12 to 83.32 are not open for the Fill and Overthrow.
There is plenty of Oil regardless of API / EIA Non0-sense.
Hookahs are having a party at Virtual Davos this Year.
Bless them, them as the Sultan is worth $2.1 Trillion, makes
Gates, Buffet, Besos, and Elon look like Pikers.
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NQ will be in trade on NPK for Spring Argo-Biz and reformulations.
CL usually peaks this time of YEar with Nasty January / February effect
now in trade due to December effect push forward.
All in all it's broken the Channel we indicated would be important for the
toss over, mission accomplished.
It's been giving SELLERs Hell on a pitchfork, why then keep coming back
is beyond me, but we will gladly pick their pockets,
CL - The Gapit appears OPEC is providing the nudge for Crude Oil.
Gasoline demand certainly is NOT.
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Macro factors will catch up with it soon enough, overall
we remain in wait and see mode for CL.
No positions simply Sell on PO's hit - today Sold 78.44 PO and
closed at 77.93
It is hanging on to the 50 SMA @ 75.96 for now, the 200SMA is
below @ 70.92.
MACD is diverging while A/D is sharply Positive.
Appears to be another Squeeze, an unrelenting one.
USOIL- SellUSOIL will most likely to fall from here and will test the lower ascending trendline. One can sell from here for the target of 73 and 70 with stoploss of 77.41. On the contrary if it breaks the upper descending trendline the USOIL will becomes bullish once again.
as predict before oil reach fibo 61% now gold can crash down or go upper , so pick sell near fibo 61% is good idea but with sl=78.80 and trailstop=0.80
if oil can break 73.80 can start new + trend to fibo 161% near 100$ so never remove SL
✅CRUDE OIL SWING SHORT🔥
✅CRUDE OIL has been going up recently
And the barrel seems to be locally overbought
So as the price is approaching a horizontal resistance
Oil is expected to fall making a local pullback
SHORT🔥
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CRUDE OIL , WEEKLY TIME FRAMECRUDE OIL seems to shows right shoulder and head and left shoulder , IF THE PATTERN COMPLETE > WE WILL SEE 50s $ in crude oil .
CAPITALCOM:OIL_CRUDE
CRUDE OIL SHORT HH TO HL AND MARKET FORMATION crude oil sell position expected as for market formation double top along with HH TO HL HTF retracement
crude downside ..double top break .. make retracement. now going downside first target 5290...as per fib extension..
