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Crude-oil

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
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