Crude Oil ForecastHere is my view for Crude Oil on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF. Trade Safe!
Crudeoilsignal
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WTI Crude Oil - SHORT; SELL it off of 65!! ...... For at least a -50% long(er)-term drop.
The Daily;
WTI Crude Oil Long Setup
Crude Oil is still in Minuette-v correction. B-C is yet to complete. Another subminuette wave is more likely to form and breakout from 60.60 level will confirm it. 1st Target is near 57.00 and 2nd target is 54.00. And this setup wil invalidate at level 64.35
Good Luck!!
Oil Long SetupOil Long Setup
🔵 Entry: $62.62
🟢 TP & RR: $64.61 (1.7)
⛔ Stop Loss: $61.45
Trade Reasons:
✔️ 0.618 Fib level
✔️ 0.5 Fib level
✔️ Previous Support/Resistance level
Oil Lower High Formation - Short TradeOil Lower High - Short Order
Entry: $53.55
TP & RR: $51.05 (2.38)
Stop Loss: $54.60
REASONS FOR THE TRADE
Oil has entered into a bit of a range recently, but the formation of the lower high on Friday makes me think that we are about to see another lower high, which should then form a lower low. This is where we will be looking to take profit. The Stop Loss is set well above the highest high, so if we are to break that level, then we have clear invalidation of the setup. So, pay attention to the price action around this area, and should it break it, feel free to close the trade prematurely.
The wide SL is purely for decreasing the position size, as I don't want us to lose a full 1% on a trade without a clear signal from my indicators.
CRUDE OIL - SELL - Daily chart calls for a correction down to 48US Oil - H4 - Selling at the test of this H4 supply zone with targets down to 50 - 49 - 48 and stops above 53.20
Crude Oil -WTI; SELL it here!Massive SHORT!
T-Bills alone *** will *** outperform the SP500 by an annual +4.5%, starting right around here. That's about the size of that much heralded "economic recovery".
Vaccine Hope May Push UP Crude Oil Price To 48.00 Price Zone Vaccine Hope And Breaking Above 43.70 price Zone May Help WTI to Test 48.00 Price Zone. Immediate Support and Buy limit price zone identifying near the 41.65 price zone. stop-loss below 40.00 price zone.
Target 1: 43.00
Target 2: 48.00
MCX- Crude Oil Weekly analysis Hello everyone.
Crude oil also bullish and it has a good buying opportunity. Consider long above 3030 stop loss: 2948 Target : 3118
CRUDEOIL - KILLZONESimilar analysis as my other charts, Oil previously crashed and hit the bottom at this level. I see many indications that this will fall again and potentially hit the bottom.
Price is constantly testing support and now consolidating. Once price has broken support its a big sell.
CRUDEOIL - SELLPrice has hit a key area (where it fell previously)
It will continue to consolidate before taking a HUGE drop
CRUDE OIL SHORT TRADECrude oil has big potential to go down . I think crude oil will go down within the next minutes .
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)
