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Crudeoilforecast

Sell: 39.47 Real-Time Algorithmic Trading Signals. All trades are based on a Geometric HMM. The Ingenuity Trading Model is a Geometric Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility . Our Algorithmic Trading Model offers real-time buy or sell signals with specific entry and exit prices. This affords you the freedom to successfully trade across all markets and market regimes. We are not interested in biased economic research or opinions on the latest Wall Street narratives. We do not trade based on conventional financial analysis. Our signals prove the power of taking a more scientific approach to trading the market.
NYMEX:CL1!Short
by IngenuityTrading
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
WTI . Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 43.60, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.595 on 2020-08-05, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 43.60 on 08/05/2020, so more losses to support(s) 42.30, 38.85, 37.15 and minimum to Major Support (30.85) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 60. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity
20
Crude Oil - Launch PadCrude Oil sold off today at first however, traders decisively bid the price back up above the 200 day EMA. Note: The light blue 50 EMA on this 4hr chart is equivalent to the 200 day EMA This bullish price action tells me that the 200 day EMA is now the launch pad for traders to take this to the next level up. Most likely that would be the 50 week EMA around $43.25 - Depending on the reaction to this level, I'll sell or hold. Could be a short squeeze coming. Further, the MACD is crossing right at the zero line which indicates bullish momentum.
NYMEX_MINI:QM1!Long
by ryan-snk
CL, will it break the trading range down!!Hello traders, What about Crude Oil Future!! CL had taken an upward trend, after each level (A and B) CL consolidates it. Now it’s stable inside a trading range. So we have the break down of the VWAP and support trend, If CL was capable to break the trading range down, we expect CL will decrease to rebound on level B. Once it reaches level B we should wait weather it will break it up or down. To note that we insist on the need for a break of the trading range, if not we should wait new signals to know the new trend. Thanks for reading this CL’s analysis. I hope it helps you in your trades.
NYMEX:CL1!Short
by oualidskh
1
Crude Oil - Technicals AloneThere's too much noise. Covid lockdowns, vaccine hopes, China trade retaliation, etc. Technicals: There was a break out of the wedge that most traders have drawn out however, I think it's more likely price breaks back down in order to build momentum for the next move higher. Ideally, there could be some good buying opportunities around the 200 EMA on the 4hr chart. If I'm wrong then I'd like price to break above the previous high, $41.63, before I start buying.
NYMEX:CL1!Long
by ryan-snk
2
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
US Oil :Correction likely to complete around 32.50 - 31.25 April 2020 low to the short term high around the 40 handle , Us oil likely to complete its correction around the 50 day exponential moving average around 32.50 or slightly below it . As of now , its testing the 100 day exponential moving average around 35.50 and price likely to consolidate until Thursday as the investors waiting for output from the JMMC/OPEC meetings . World stock indices and crude oil gave up the invincible gain since the crash as investors saw the domination of risk aversion/Powell comments on the last FED meeting. Major levels to consider are : 35.50 - EMA 100 , breaking this level will let the price to drop further towards the 50 day EMA around 32.50 on the other side if this 35.50 short term supports holds then we can expect another leg up towards the 200 day EMA around 42.50
TVC:USOIL
by Alremeithi
2
CRUDE OIL (USOIL) Weekly, MonthyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the weekly and monthly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:USOIL
by Dinjin
1
Oil rally off news, to continue to $65! Crude oil prices skyrocketed from the news that there was an attack on an Iranian militant in Iraq which increased tensions and caused oil to pop. Oil was already on a tear to the upside and market structure suggested long side, this just gave price a little jolt of energy. Tensions may continue to rise but market structure is still saying upside. The break above the top of the channel ensured the upside. The bottom of the channel and support structure held really well on the intraday with a double bottom at $60.70-$60.80. From the break of the previous high at $62.30 and the break of the channel we have now experienced a pullback into that area for a continued move higher. The $62.30 level held as support really well after hitting the $64.00 area. The next target is $64.00 yet again which is the 150% Fib extension area so target 1 was hit. The next target is the 200% Fib extension at $64.98. Should price break below $62.30 there is a potential for a pullback into the support at $61.00 where the impulse from the drive higher started. This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
NYMEX:CL1!Long
by TRADEPROAcademy
WTI Crude Oil Preparing for OPEC MeetingThe West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Monday, bouncing from the uptrend line and reaching towards and above the 50-day SMA initially. The crude oil market kick off the week with rally, as an Iraq oil minister suggested that not only would OPEC continue its production cuts, but it would possibly even consider cutting an additional 400,000 barrels a day. The rally ran into a brick wall though as President Trump announced new tariffs in Latin America and threatened new ones on Europe. At the end of the day Brent crude and WTI gave up their gains to finish almost unchanged. Now WTI crude oil is showing convergence with its hourly 20 SMA and trading below its 50 SMA on the same chart. Near-term action is weighed by Friday’s massive bearish daily candle, with Friday’s close below 38.2% Fibo support at $55.78 (on last 2 months rise of $50.55 to $58.71) adding to negative near-term tone, which is expected to persist while recovery attempts remain capped by daily high ($58.15). It is because of this that the $55 level underneath will offer plenty of support, but if it does in fact get broken, the market should goes down towards the $52.50 level (78.6% Fibo). On the upside, the daily 200 SMA line remain relevant and are additional barriers against upward movement. The first resistance is at 56.50. Next is resistance from the 200-EMA at 57.51. Overall, we believe that the market is going to continue the overall uptrend and channel for the rest of the week, but it will more than likely be very choppy, and news driven.
TVC:USOIL
by ForexTrendline