✅USOIL BUYING OPPORTUNITY|LONG🚀
✅USOIL is going up from the
Horizontal support level of 81.76$
Because it was oversold and
I think that we will see a
Further local move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Lightsweet
✨ NEW: WTI SPOT (4D) ✨TP4 @ 113.90 (close all buys)
TP3 @ 101.00 (shaving 50%)
TP2 @ 91.50 (shaving 50%)
TP1 @ 83.00 (shaving 50%)
BSO @ 74.85
BLO @ 68.00
CRUDE OIL Technical Analysis!
Hello,Traders!
CRUDE OIL is trading in a
Downtrend and is now falling
From the resistance level 1
Other potential key levels are:
Support 1= 72.8$
Support 2= 70.5$
Resistance 2= 92.8$
Analysis!
Like, comment and subscribe to boost your trading!
See other ideas below too!
✅CRUDE OIL WILL GO DOWN|SHORT🔥
✅CRUDE OIL broke a key level
Which is now a resistance and went down
Now, however, the price is making a pullback
To retest the broken level from where
It will most likely fall further down
To retest the support level below
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Crude oil Some thesis:
Oil is more than enough worldwide. Supply exceeds demand.
Transition to electricity.
Shale oil - another attempt to manipulate.
Saudi Aramco - is the largest capitalization company in the world (another not a good signal for me).
We can propose many fundamental arguments, but this is a virtual trading chart (little connect with the real life). It is a world of financial markets. There are a few arguments from financial markets:
1. Largest players in oil futures are Goldman Sachs, JP Morgan, and City Bank.
2. All of the world's oil is traded exclusively for dollars (petrodollar). Some people wanted to change the system. Now they are dead. Saddam Hussein, Muammar Gaddafi, Christophe de Margerie, and possibly someone else. Therefore, oil is another instrument to strengthen the dollar. For example, now you can buy 2 barrels of oil per $100, and if the price is $20 you can buy 5 barrels. The same story happened in 2014 when oil fell from $100 to $30. Saudi Arabia has been talking to the media for a year about increasing oil production. As you understand, they do not participate in the formation of oil prices cause we see a chart of futures oil. All national currencies depreciated, and the dollar strengthened.
3. Most likely, they will use these instruments during the coming falling of the US economy.
4. We are moving in the downtrend channel.
5. Cycles.
Best regards,
EXCAVO
CRUDE OIL Potential Long! Buy!
Hello,Traders!
CRUDE OIL is trading along the rising support
And we are seeing a local rebound form the level
So I think we might see a further move up
Towards the horizontal resistance above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Why CRUDE OIL is falling? Tomorrow they will say that oil fell because of OPEC, Russia, Saudi Arabia.
But this is not true
At this chart, I show who is customer - Federal Reserve System
And who is Contractor - City Bank, Goldman Sachs, JPMorgan Chase
These are the three largest futures oil players in the market.
The customer has only two goals - that the dollar grows stronger and that the dollar remains the world's reserve currency
This is one of the instruments to achieve goals. the second is the depreciation of national currencies of other countries. especially the currencies of those countries whose budgets are very dependent on the price of oil
Best regards EXCAVO
Crude oil - Lows of the 35-year cycle Today, when I opened the chart, I saw a price of $12 for 1 barrel of oil.
I remember when in 2017 I talked about this price.
WTI
We are now at the strongest support level. This is a minimum of a 35-year cycle. And according to my trading system, levels are now a great entry point into the market. But we can be at these levels for a long time
Follow risk management
Best regards EXCAVO
LIGHT SWEET CRUDE OIL FUTURES the market still has the power to test 27.84 AND IF IT WILL BREACK THIS point with power it could go around 29.43 but in generally the market still Bearish so . pay attention
Crude Oil- Next major support levels a long way down! With US and Saudi Arabian cooperation, likely Crude oil will be taken to approx. USD$10.50/brl. The Saudi's can produced for US$7-8/brl. Higher political agenda, means it will be pedal to the metal for Saudi Arabia (13 million brl output maximum from April), to eliminate Iran once and for all.
Crude oilUSOIL break up down trend line (white color)
We tested long term support line
Reversal pattern - double bottom
Also I see potential pattern inverted head and shoulders, and now we forming right shoulder.
If we break out MA200 in H4 chart we can reached 38.2% level fibonacci - 55$
But my long term vision of oil
Best regards EXCAVO
USOIL - wait pullback and then down to 50.60 The minor pullback is expected to follow this quick and huge drop.
After that another leg down to follow to finish the whole WXY sideways correction.
Y should tag the former low of W at 50.60 at least.
WTI Crude Oil - USOIL Weekly Chart - ForecastWTI Crude Oil Weekly Chart
16th January, 2020
Chart shows eventual downtrend
target around $20/bbl or even lower.
Only sustain trading above $72/bbl
may negate.
Light Sweet Crude Oil. Less Supply and More Demand (USOIL)Hey, ill keep it short and sweet. Saudi Arabia took a 5.7 million barrel a day production loss after an attack on one of its largest oil fields. Law of supply and demand... price goes up.
USOIL (USOIL) - Sell $63.29 >>> $59.91 (April 16, 2019)USOIL (April 16, 2019)
Today idea for SELL (Weekly chart)
Breakdown weekly candles. Profit and stop 2:1
---
Sell = $63.29
Take Profit = $59.91
Stop Loss = $64.77
------
Take Profit = +5.37%
Stop Loss = -2.34%
Crude Oil For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are also near a very strong resistance level of 61.8%
WTI Light Crude Oil Daily chart Could be a final fantasy's scenario
for US$20/bbl or lower in months to come.
As shown in the chart Crude may trade lower to as low as $72 area then higher to
meet objective at $80/bbl.
Let us see how the trend is developing!
Crude Oil Break out support line and need go to the next support line. working with fibonacci levels. Touched resistance line of strong up trend channel
USOIL (WTI OIL) Trend SHORT | Sell $51.97|$55.00 (Target $42.10)USOIL, WTI have positive COT for now, global OIL trend is down.
Signal:
Sell Limit 1 - $51.97
Sell Limit 2 - $55.00
Stop Loss - $58.10
Take Profit - $42.10
