Get started

Crude-oil

WTI Oil: Close to a MACD bullish reversal. Bottom may be close.The MACD on the 1D chart, which remains vastly oversold (RSI = 25.205, ADX = 68.790, CCI = -108.7025), is close to making a bullish reversal. If successful it will be the first time since February 26th. This is quite similar to the 2018 sharp sell-off, when Oil recovered on the 2nd MACD bullish cross (since the decline started). During that sequence the price bottomed on the -0.236 Fibonacci level, almost exactly when the 2nd MACD bullish cross took place. At the moment we are almost on the -0.236 Fibonacci level and about to make the bullish cross. This can be an early indication of finally finding a bottom, and if that's the case Oil's target next month or two should be 33.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:USOIL
by InvestingScope
1
WTI been dropping like a madman. We might as well consider this.I was posting an idea days ago about Wyckoff accumulation, but since the spring was dropping way harder than I expected, I started to consider another mid-term scenario. Looking at how aggressive the drops have been lately, the chances are big that we'll make a drop of 75%~ over a mid-long-term just like the waterfalls from 2008 and 2008, a lot of noise will be made from former support levels. Just an idea, but I think it's healthy to consider this. As usual, trade well, trade safely and good luck to you all.
TVC:USOILShort
by achh
1
Elliott Wave Analysis & Forecast, OILUSD, M1, 20160419Crude Oil just finished its red wave 3 of blue wave C @ 26 and since it has been correcting in red wave 4 of blue wave 3. The ideal target for the red wave 4 is near 60-61 area where we will expect bears enter into market and this area will hold massive resistance. Once red wave 4 will finish, we will see sharp decline in last wave red 5 towards 10-11 area in coming months where we see long term bottom at the end of green wave II. Traders can enter into long near 38.80 and stop-loss just below the daily candle targeting 45-46 area or even higher. muhiuddin
FX:USOILLong
by muhiuddin
HERE COMES THE MONEY !!!Hello, my people, Long time no see, isn't it? The time for the BIG MONEY has finally come! This is the chance of the decade to become millionaires - by investing in oil now. Oil is the door, patience is the key and money are waiting when you open this door. See what's going on - COVID-19 is making oil prices go down, the lowest level for many years. Additionally, OPEC, the alliance of the biggest oil producers, is "punishing" Russia by making bigger output and further decreasing the prices. But how long do you think this will last? Not much at all! The Corona virus dies at warm temperatures and the SUMMER is already knocking on the door in some countries. Also, OPEC doesn't have interest in maintaining low prices as it loses the most from it. And whats MOST IMPORTANT - the potential profit is over 5 times more than the potential loss. THIS IS FIVE TIMES, MY PEOPLE! FIVE TIMES!!! And it is if the price of oil becomes 0, which is impossible. So my expert analysis is just invest considering the worst case of oil becoming 0 (which will not even happen for sure). Then just wait for the price to go up until you are satisfied with the profit. Please, note that this may take several months or even 1-2-3 years. As I said, patience is the key. *NATGAS goes together with oil so you can do the same there. BITCOIN Cast shows similar patterns as well. Good luck, you young millionaires and soon YOUNG BILLIONAIRES!
FX:USOILLong
by YoungMoneyBillionaires
Crude Oil set to Plunge to Historic Lows from Price WarsWith the virus well underway, and the USD still holding up reasonably well (for now), crude will continue its historic plunge to record lows. Sometime by the spring or summer of this year, I see crude being around $20-23 before stabilizing sometime in 2021 (remember: crude this low is NOT a good thing for world equities and stocks). This re-stabilization will likely be off the backs of the DXY decreasing in value, rather than some sort of economic turn-around. What was once thought to be some sort of multiple-expansion and economic turn-around from the USA-China "truce" has now been completely blown out of the water due to the coronavirus, which will likely slip the entire world into a recession. Normally, this means that OPEC must reduce production in order to meet the reduced supply quota to keep prices somewhat stable. However, due to geopolitical issues, oil-rich countries have decided to gouge each-other with price wars rather than adjust accordingly, which will force crude to plunge to historic lows. Here's what to expect: - $20-23 crude for oil in 2020 - Potential flash crashes into the $30.00 range or lower within the coming weeks or months - US 10 Year yield to hit 0.000 and likely negative in 2020 - US equities (and world equities) to remain significantly under-pressure until the US 10 Year rebounds to at-least 1.000 and crude stabilizes to near $45 What to do: - Hold mostly cash and/or gold bullion (non-leveraged) and/or stable/low beta equities like utilities and high quality dividend aristocrats (my top picks are Fortis and Franco-Nevada) - Enjoy lower gas prices, eventually - zSplit
FX:USOILShort
by PaulDeep19131
4
Daily View + Trade Idea on Crude Oil by ThinkingAntsOkUse this as a guide to develop your setup: a)Based on the post we upload yesterday on Crude Oil we have developed a short setup (check related ideas) b)Our Entry / Stop / Break Even / take profit has been set. c)We expect a continuation of the bearish movement towards the next support zone d)We can see 2 circles on the chart that are similar situations, and the previous one helped us to develop this idea based on the technical aspects we currently have. e)We always take all our trades to a 1% risk. f)The Risk reward ratio on this one is 1:2
NYMEX:CL1!Short
by ThinkingAntsOk