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Crudeoilanalysis

BRENT- 4h 50 EMA just crossed 200 EMA for the first time in 4 MoLet's see what we have: 50 EMA crossed below the 200 EMA 2h Chart: Sep 04, first time since May 05 3h Chart: Sep 07, first time since May 07 4h Chart: Sep 07, first time since May 18 1D Chart? 50 EMA was always below 200 EMA since January In the 4h Chart 50 EMA crossed 200 EMA in the last hour of trading. First time in 4 Months. If there are no unexpected news, the direction seem to be south. Take it with a grain of salt, this market is highly risky, can go +$3 then -$3 in a few hours...
FX:UKOILShort
by mehmetozgurkaragozoglu
WTI Crude Oil Trading Strategy for this weekWTI Crude oil following the support trendline and dynamic resistance. At present, it's in an uptrend for short-term investors. According to this chart, the last descending triangle pattern is the broken upper side. Still, we cannot trust this breakout because of excess at the support line. Buy position can initiate at 43 for 43.4 - 44 targets. If WTI comes below descending resistance or at the red circle area, jump for 42 - 41.6 levels as a target. Note: keep your eyes open at the uptrend channel. I have updated a report on Gold on Sunday. Wherein I listed a few events/inventories that can affect to Bullion & Energy sector commodities. You must read that.
TVC:USOIL
by forextidings
Crude Oil Wave Analysis After a strong show in the last weeks, crude oil needs to make an obvious correction. We expect the correction to be of ABC structure and it has already completed waves A and B. Further, the structure resembles a bullish flag pattern and the price is at the upper parallel now. Currently, the pair is forming a bearish flag pattern in the short-term charts and a break below could guarantee a safe entry to bears. PS: Aggressive trades, refer to the resistance at 40.41 for the stop.
TVC:USOILShort
by traderpulse
1
Oil holds support well, a new high is coming up. Long CRUDE OILThe uptrend has been prevalent in crude oil with a slight hiccup early in December, otherwise higher highs and higher lows have occurred. The most recent was a break above the strong resistance at $58.70 and held it as support. The candlesticks are really important in this analysis because the wicks are really pronounced and extended which suggests the buyers are in control to a strong degree. The break and retest of the level at $58.70 was a break of a previous high and retest that held which confirmed the bull trend. We ticked the first upside target on oil at $59.90 and now we expect the next target level which is first at $60.50 then at $62.00 based on the Fibs. One sign of concern is the volume is not the strongest on this rally higher and there are choppier candles that have printed which does not convince us too much of a direct path higher. If the $58.70 support is broken and price continues lower, that breaks the trend. Disclaimer: This idea is for educational purposes only, this does not constitute as trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
NYMEX:CL1!Long
by TRADEPROAcademy
CL bull channel holds, longs up to $59.60! Crude oil is still holding upside bull structure and it didn't even have to pull down into the $56.75 where the impulse started, the bottom of the channel at $57.35 held really well for the bulls to continue and the $57.85 held multiple times for the upside on rotations and wicks which indicates more upside. The only part that may break up the upside trend is the triple top formation at $58.60, the high probability long would be a break above $58.70 and close, into $59.00 and retrace to the broken high and hold as support. If we get below $57.85 again we may be done with the long side. Disclaimer: This is for educational purposes only, not recommended as trading advice or investment advice.
NYMEX:CL1!Long
by TRADEPROAcademy
Oil prices have spiked more than 10%|Next rally can hit $75.24On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time. Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart. At this point we also have the price resistance level and the pennant's resistance at $60.63 which is not broken since May 2019, if this resistance level would be broken then the price action will take no time to reach the 2nd resistance at $75.24 where we also have tail of the pennant and in case of breaking out $75.24 resistance level the price action can hit the strong resistance at $107.45. If we see the technical indicators then can be clearly observed that the all of a sudden the chop zone is turned strong bullish and even MACD has given strong bullish signals including bull cross. For me after breakout the 1st resistance and if all indicators would be remained bullish even after price correction would be ideal for buying. Market fundamentals + technical analysis are very strong in favor of bullish move. Next target should be : $75.24. Regards, Atif Akbar (moon333)
TVC:USOILLong
by moon333
5
USOIL short! - EQYUIY.Dear traders, So as you can see we expect USOIL to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also created a new strong supply zone that’s been filled right now. It will be much clear on the 4h chart, you can see the 4h trendline is been broken and a new 2 demand levels are created. We will wait when it will reach one of these zones and watch for some conformation to take is short. For take profit levels and stoplos check our telegram group: t.me NOTE; if you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group: What can you expect from us in the telegram group? -A watchlist video. This will be uploaded every Monday in the morning. -Trade setups. We only share high probability trade setups. -At the end of the week we will upload a market recap video. This means that we will look back at the trade setups we have discussed in the trading group. - Mini lessons about our strategy and mindset Furthermore, we have created this Equiy trading community group, because we want to create a community in which you can ask us questions, but also other people in the trading group. In that way we can grow as a community. We will share the link to this group in this message: t.me So, we hope you will enjoy this whole idea and that we will grow together! Team Equiy.
TVC:USOILShort
by EQUIYtrading