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Crude-oil

BUY BRENT CRUDE? SURELY YES!!!!Hard to even imagine that Brent Crude hit $149 back in 2008. Now standing at 22.32 surely this looks a good place to buy. At these low levels there's no historical support buy with RSI on the Monthly time frame at 26 and signs of a move north on mid time frames I'm in on this trade at 22.39 with a STOP under the low at 16.95 and a provisional target at WR1 Pivot at 30.67. Should we get anywhere near there the T.P. will be moved as once the BULLS get into this market we could go much higher particularly if DJT open up America as he likes to claim he's doing. Might still be a rocky ride ahead for Brent Crude but this looks a decent opportunity for a LONG trade.
OANDA:BCOUSDLong
by theforexportal
USOIL - It is time for the next bullmarketHello everyone, first of all, we have been in such a long bear market, since July 2008 147$, we haven't made a new higher high, but we managed to make lower lows, which means that we are currently in a 12 year bear market. We have been moving inside a falling wedge, and even though we could go to the top of the wedge and then make another fall like the one we had now, I really don't think we will fall again to 10$ . We fell so much, because of the virus, that caused the lockdown, the price war between Saudi Arabia and Russia and also the fact that we are in a 12 year bearmarket, made the effect even more devastating. Such events happen probably once in a lifetime, so because of all those reasons, I do think that we have reached the bottom at around 10$-13$ and that we will break through the falling wedge and make higher highs and go into a bullmarket. Good luck to everyone!
FX:USOILLong
by donaitelo
USOIL - This is the bottom!Hello everyone, first of all what a time to be a trader and investor! USOIL has reached the lowest support levels it has ever reached in history! We have 3 level to look out for the big bottom. The first is 13.60, which we have already hit. The thing is that I think that we have a little bit more space to move to the downside, judging by the RSI. I think the most likely supports for the bottom are on the chart, these are supports, that have been previous bottoms and I really doubt we will reach bellow 10$. I do think that the bottom is going to be today, because with this much selling, I just don't see a big player or anyone selling at -25%, given the price we are right now. This is just my opinion, I think that even if you buy now, in a year time, everyone will envy our chance to buy at 13.80$ WTI.
FX:USOILLong
by donaitelo
Weekly and 4HS analysis + Trade idea on Crude Oil ThinkingAntsOkUse this as a guide to develop your view of the chart: FIRST, let's start with the Weekly Chart: a)The price is on the lower trendline of a massive corrective Structure + Support zone b)We expect a Bullish movement on the long term towards the next Dynamic Resistance zone c)ABCDE Patter is finished. We should deduce a bullish movement SECOND, let's go to the 4hs chart: a) The price is on the massive Support zone of the Weekly chart on its 3rd attempt to break it. b) If the price failed. We should expect a bullish movement towards the secondary trendline of the bearish movement (4HS Target) c) We will wait for an impulse and a small correction d) We will set our orders above the structure and our stop below it. e) Our Expected Risk Reward Ratio will be 1.8 more or less.
NYMEX:CL1!
by ThinkingAntsOk