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Crudeoilwti

CRUDEOIL & DOW Jones - is there a correlation? is there a doubt?TVC:USOIL & CURRENCYCOM:US30 (DJI) For quite a few number of days / weeks USOIL has been having a positive correlation with other global markets such as US30. Thus movement of these markets will determine the movement of USOIL too to a certain extent. Keeping a close eye on US30 has been greatly beneficial on few days as other markets for e.g. Nifty tend to correlate with it on those days. But as far as crude oil is concerned, the correlation has been great. Following US30 can help you decide future positions in CRUDEOIL, especially if you are short term trader. On the hourly, USOIL has started to trade below the 200MA which is a bit bearish (see image below). Also, CRUDEOIL has bounced from the swap zone but further retests of the level may break that zone and send it lower. Don’t focus on making money, focus on protecting what you have. - Paul Tudor Jones Daily RSI USOIL - 60 ( Leaning Bullish ) If you found the article useful - HIT LIKE & FOLLOW FOR MORE
TVC:USOIL
by iSauravKr
USOIL - Trading in GAP Range | Next Resistance $41-$41.5TVC:USOIL With Global Markets turning positive, CRUDE OIL is also showing great recovery since it's slump. Currently, it is trading in the gap range it formed during the crash. Gaps act as support and resistance and tend to get filled. My view is that we can see CRUDE OIL move up to $41 level where it will face some heavy resistance. If global markets remain positive and there is no negative news, breaking out of the resistance zone would be easier. We can expect a retrace either in the near future since we have already run up a lot or when we hit the $41-$41.5 level followed by re-test(s) of the zone (if we stay bullish). The $36.4 level has been a SWAP zone earlier (as shown in the image below) and should now act as support if we break down. Break and close below $36 level would create lower low in the current trend and would be bearish. Keep and eye on key levels along with price action and global markets + cues. Trade Safe! Daily RSI US OIL - 72 (Bullish + Overbought zone) If you found the article useful - HIT LIKE & FOLLOW FOR MORE
TVC:USOIL
by iSauravKr
CL1! - Crude Oil - WTI - H4 Weekly Analysis -CL1! - Crude Oil - WTI - H4 Weekly Analysis - We have a major Bullish Trend on the H4 & H1 charts, price has broken the trading range. We are waiting for a pullback on a Support @ the 0.786 Fibonacci Level to enter long. Our first target will be the 1.272 Fibonacci Level and second target the 1.618 Fib Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 34.30 | Stoploss: 33.30 | Takeprofit1: 36.30 | Takeprofit2: 37.60 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support this channel, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
NYMEX:CL1!Long
by Sami_Derti
3
CL1! - Crude Oil - WTI - H1 - Intraday - Bearish ReversalCL1! - Crude Oil - WTI - H1 - Intraday - Bearish Reversal - SELL We have a Bullish Trend continuation on the H1 chart that has made a new high to the Resistance on the 1.618 Fibonacci Extension Level. We are expecting a bearish correction to the 0.618 Fibonacci Extension Level. First target @ the 0.618 Fibonacci . ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 33.70 | Stoploss: 34.45 | Takeprofit1: 32.40 | Takeprofit2: 31.25 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support us, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
NYMEX:CL1!Short
by Sami_Derti
1
USOIL 26.10 +5.15% LONG IDEAGOOD DAY TRADERS HERE IS A LONG IDEA FOR OIL, OIL HAS BEEN TRYING TO REGAIN TRACTION AFTER THE US JOBS DATA > SAUDI ARABIA RAISED ITS OFFICIAL OIL PRICES THAT COULD HELP IN KEEPING OIL PRICE WITH THE BULLS > OIL CONTRACT IS HEADING TOWARDS THE SECOND WEEKLY BULLISH CLOSE AFTER PRICE DIPPED BELOW ZERO LEVEL ON THE 4H WE SEE THE FORMATION OF A DESCENDING WEDGE WHICH MIGHT JUST SIGNAL A MOVE TO THE UPSIDE IF WE SEE A BREAKOUT OF THE STRUCTURE IN THIS COMING WEEK ,WILL BE LOOKING FOR LONGS ON THE OIL PERIOD - SWING RISK MANAGEMENT >> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT...
TVC:USOILLong
by PULEMokhothu