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Crude-oil

BRENT.CMD/USD 4H Chart: Likely to hit $70 markThe BRENT.CMD/USD pair has been trading in a medium-term ascending channel pattern since the end of December 2018. The pair re-tested the lower boundary of the channel pattern at 66.50 during last week’s trading session. As for the near future, it is likely that the Brent crude oil prices will continue to appreciate and potentially hits the $70 mark before the end of March trading session. Moreover, the three simple moving averages are below the price level, and technical indicators suggest that bullish traders could push the commodity prices further north.
TVC:UKOILLong
by UnknownUnicorn890690
Expertcrudeoil - intraday trading in crude oil?Indicators play a major as well as significant role in intraday traders particularly for the beginners for trading. All markets, but especially crude oil are only based on supply and demand. Supply and demand are what makes price in any market move from one value area to another, nothing else. My best indicator is MACD & Bollinger band Moving Average Convergence Divergence - MACD The MACD is calculated by subtracting the 26-period EMA from the 12-period EMA. The MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. The speed of crossovers is also taken as a signal of a market being overbought or oversold. The MACD helps investors understand whether bullish or bearish movement in the price is strengthening or weakening. Bollinger band Bollinger Bands are a dynamic indicator which means that they adapt to changing market conditions and, thus, have benefits over other standard indicators which are often perceived as ‘lagging’. There are just a few things you need to pay attention to when it comes to using Bollinger Bands to analyse trend strength : During strong trends, price stays close to the outer band If price pulls away from the outer band as the trend continues, it shows fading momentum Repeated pushes into the outer bands that don’t actually reach the band show a lack of power A break of the moving average is often the signal that a trend is ending Visit here : Expertcrudeoil
NASDAQ:AAPL
by expertcrudeoil
Technical Analysis outlook - COMMODITY : $CRUDE OIL - $WTISun 10.Feb.2019 Crude oil LAST= 52.60 Crude movement during the last few days showed a Bullish move, with a recent high price seen on Mon 04.Feb.2019 at 55.59. During the next few days the price is expected to go down to 51.50 The general view is expected to continue to be in consolidation between 53.65 - 51.50. On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 49.50 Res_2 = 55.25 Res_1 = 53.75 Sup_1 = 52.00 Sup_2 = 51.10
OANDA:WTICOUSD
by EmadSaqqa
WTI Oil: Possibility for a 4H Channel Up. Oil has respected a very clear 4H trend-line of Higher Lows, giving rise to the development of a Channel Up (RSI = 57.601, MACD = 0.260, Highs/Lows = 0.3029, BBP = 0.4580). As long as the supporting Higher Low trend-line holds, the price will be aiming for a new +7.80% Higher High at 55.750, which is the TP in this case. Attention is required, as based on the chart below, there is heavy Resistance at 54.485, created by the neckline of the Inverse Head and Shoulders pattern on 1D. That neckline ranges from 49.35 to 54.485, so if we get a rejection close to the 1D Resistance (54.485) and the 4H Higher Low supporting line breaks, we will need to wait for a test near the 49.35 1D Support before it breaks any higher. This is an equally possible scenario for the short term, so those two are essentially long entry points. See the Inverse Head and Shoulders pattern below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:WTICOUSDLong
by InvestingScope
5
Crude oil long opportunity USOIL WTICOUSD CL2!We have a long opportunity in crude oil now. Crude oil has been sitting at the 61.8% retrace around 45.40ish for the last couple of days. A study of the longer term cycles shows that we have just completed a corrective red zone which actually started in March 2018, this cycle reached a low in December 2018 and will reach its next high in June 2019. We are still in a green (bullish) longer term zone which started January 2016 and should end around July 2019. These cycles are represented by the different types of vertical lines on the charts. I believe after August 2019, we will have the chance to short oil once again. If the 61.8% retrace does fail, then we may see a drop to $36-40, so be careful. Stop loss 44.90 Short term target 51 Longer term targets range from 62 and up. This is not recommendation to buy or to sell. (see information about cycles at the DJIA links below)
FX:USOILLong
by cedarfox
2
Crude oil target low - WTI will reverse It's likely the target low is the 200 MA on the 2 month chart. It reversed from the 200 MA on the one month chart. So we're looking for a reversal around the 44 dollar mark but we would expect a shadow candle to go through so maybe 40 dollars tomorrow before the rate announcement. After that we are expecting a reversal regardless of the decision. We think this US dollar markett has already priced in the rate hike and is now just looking for a catalyst basically to reverse on. CL has been tracking a fairly standard fib pinball game from its all time high. Once the rally gets underway 90.00 for a high is not out of the question but it's a bit too early to predict a top.
NYMEX:CL1!
by graham.edwards84