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USOIL - DAY TRADE Hi, today we are going to talk about USOIL and in a Day Trade opportunity. We observe a 1h(60m) chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
TVC:USOIL
by Igor-Silva
WTI update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 52.93 - 59.21 If WTI is capable of maintaining the current strength as of today, there is a projected weekly target price of 64.20 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear The strength demonstrated over the last 5 weeks is currently: Bearish Price Consolidation has formed between: 50.55 - 63.33 Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 54.57 - 57.57 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1543.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 54.87 - 63.33 Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:USOIL
by priceprophet
WTI update for 25 September 2019Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 55.17 - 58.13 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has formed between: 54.87 - 63.33 Current chart score suggests a Bearish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:USOIL
by priceprophet
BRENT CRUDE IMPORTANT SUPPORT LEVEL - WATCH OUT FOR A BUYHi traders, there haven't been many updates on Brent ccrude lately as we waited for the dust to settle after the drone bombings on Saudi Arabia's production plants. Initially, the news caused a large spike in the price of Brent with most of the gains erasing lately. The spike caused a breakout above a falling channel, potentially initiating a new uptrend. The current price action provides many buying signals. The price fell to the broken channel which now acts as a support, and the price has also reached the 61.8% Fib level, forming a strong reversal pinbar pattern. If confirmed, we might enter with a buy position as we anticipate the probability of a retest of recent highs. Join our Telegram channel to stay up-to-date on our actions.
OANDA:BCOUSDLong
by MujkanovicFX
WTI Update for week ending 20 September 2019Week update for week ending 20 September 2019 In Bull territory. Projected range for upcoming week 61.57 - 55.33 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 50.55 - 63.33 Price-Trend: .34x ATR Daily for 20 September 2019 In Bull territory. Price Projection: 64.28 HMA: Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 54.87 - 63.33 Price-Trend: .64x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
WTI Crude Oil: Support levels within the Channel Up. Long trade.Following the abnormal +10% move after the Saudi Oil facilities attack, the price is starting to consolidate, looking for new levels as Supports to attract buyers. In doing so, it has formed a Channel Up on 1D (RSI = 55.181, MACD = 0.790, Highs/Lows = 0.5164) which by those readings we understand that it is close to its Higher Low zone. At the moment it has bounced at 57.45, a former Resistance level as you see on the chart. 55.00 is the final Support level before the current bullish pattern breaks to the downside and the trend reverses. Currently we are still aiming within 63.80 - 66.60. Our perspective isn't much changed since our last update: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:USOILLong
by InvestingScope
1
Crude Oil - Middle East Tension supports technical outlookTVC:USOIL Trade Idea Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs. Descending triangle has broken higher Double bottom formation has formed Price action above Ichimoku cloud Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed Expecting further build of tension and possible repercussions following attack Could escalate further causing prices to rise Stop would be placed below $52.50
FX:USOILLong
by Signal_Centre
WTI Update for 18 September 2019 Daily for 18 September 2019 In Bull territory. Price Projection: 64.28 HMA: Very Strong Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 54.87 - 63.33 Price-Trend: .67x ATR Comments: Still holding neutral even with the Saudi announcement of the plant returning to 50% of production levels. Very large consolidation zone. Prices appear to be returning to the previous levels, if not just slightly higher. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
WTI Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bear territory. Projected range for upcoming week 57.85 - 51.88 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .41x ATR Daily for 13 September 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Negative Consolidation: In Consolidation between 54.02 - 56.33 Price-Trend: .5x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
WTI Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bear territory. Projected range for upcoming week 59.48 - 53.71 Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Neutral Bear 5 RSI: Positive Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .02x ATR Daily for 6 September 2019 In Bull territory. Price Projection: 59.06 HMA: Neutral Bull Bull RSI: Neutral Bull Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 52.87 - 57.72 Price-Trend: 1.91x ATR Comments: A change of chart views. Trying to clean-up the data view I present. Weekly charts are still neutral-bearish in a consolidation range. The Daily does not have the strength to push the follow on weekly into full on bull-mode. Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week. What am I showing on this new(ish) chart? Daily: Lots of wobble in the condication range. No true directional strength. Weekly: Bear trend since May. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:USOIL
by priceprophet
Top and Bottom analysis on US OIL by ThinkingAntsOkUse this as a Guide to support or discard your own vision of the chart Main items we see on the 4hs chart: a) a bull trap has been made on the higher trendline of the descending channel (dot lines), we can see a Huge rejection candlestick, giving us a Bearish Signal b)Based on the previous Behavior we saw on that channel, we should expect a retest of the lower trendline c)If the price Re-enter to the descending channel (solid line) that would be a really important bearish Signal, to pay attention to the breakout of the Current structure d)Currently, we are not taking any setup on this asset, we will wait to see the inner resolution of this structure. Weekly Vision: Daily Vision:
TVC:USOILShort
by ThinkingAntsOk