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HOD

WTI aka USOILhello everyone, my last analysis came true (for short position).. price is becoming bullish in the weekly timeframe as of now, however there will be more manipulation next week with the major news (NFT and FOMC meeting)... price is trading above the support level, candle closing above the support level would indicate a possible swing trade. However monthly candle is still bearish (use caution as this could be just minor correction to tp1) .. DXY is bearish so far the expected target is 99 (support level) (short position)... dxy is trading below support level 101.7... For all Canadian here: Buy HOU EFT stock when WTI/USOIL is bullish good luck to everyone..
BLACKBULL:WTILong
by baigxy
USOil/WTI longhello everyone... this is the next analysis after the completion of the short position for usoil/wti... today USOIL pulled back from a strong support level of 64 ish area... price will test the main resistance area of 72.. which will be the 1st target to take profit $$$ breaking 72 and price staying bullish, we will likely see a new high level around 92 resistance level again tomorrow we have NFP news so price could go bearish to test the bearish trendline... usoil is correlated with usdcad...both pairs will be effected by news tomorrow... good luck to everyone..
TVC:USOILLong
by baigxy
HOD (oil falling price)hey everyone, I'm posting first time for the Canadian stock etf - ""this is inversely proportional to WTI/USoil"".... When US OIL price falls, the HOD price increase for past few week, the price show a bullish move from 8.39 to 13.84 approx... this coming week the price is pulling back to support around 10.21 (at support trend line)... at this point if the price breaks the support then the trend will be straight and price will fall below $9. If not then price will likely go above $13... However, there is a head and shoulder that can possibly form.. Since price made higher high that why the price could high low but anything can happen good luck
TSX:HODLong
by baigxy
USOIL: Divergence in the slow stochastics (monthly)We have already seen about 25% decline from the $130 top in March 2022. However looking at the monthly chart, we might be in the middle of further decline. Notice the divergence of slow stochastics indicated in the chart, so we should be aware of further risk of decline with a strong support around $65 area. 2 interesting facts as of today: - Interestingly MACD of weekly charts of Crude Oil Inverse ETFs, say HOD, are showing a possibility of trend change. - Crude Oil future contracts are in backwardation. (Yahoo! finance would be a nice tool to see this.)
TVC:USOILShort
by Tomatrader-X