Oilprice 6-12 monthsThis must be a safe investment?,
Oilprice could not stay at this levels for a long time without destroying the market.
Short OIL in a medium - Long term perspective 2-6 + 12 month
Oil(wti)
Oil could stop hereTechnically, 0-2 and 2-4 trend lines touched and oil could stop here.
Any push outside of channel by fundamental parameters will return below lines.
Nothing eliminate crisisIn previous posts WTI and Brent were hesitant for grow or fall and i consider chance of falling is greater.
But fundamental crisis happens and Crude oil broke all resistances. new analysis show that oil has powerful restriction in 127 USD but problems with Russia grow in future and i think oil will see prices ever sees.
Oil at 2011 Highs - What to look forThis isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out.
Below are some bullish and bearish headlines I'll be looking out for.
Bearish Oil Headlines Examples:
Cease Fire in Ukraine
Russians Withdrawal
Iran Nuclear Deal reached
Refusal to sanction Russian Oil
More reserves released
Bullish Oil Headlines Examples:
Military action involving NATO countries
No fly zone implemented over Ukraine
More nuclear weapon rhetoric
Sanctions on Russian oil exports.
NATO countries supplying weapons/equipment to Ukraine.
Iran nuclear deal negotiations fall apart
✅CRUDE OIL SWING SHORT🔥
✅Retest by CRUDE OIL of the strong resistance level
Has happened after trading in a local uptrend from some time
Which makes a bearish pullback a likely scenario
With the target being a local support below
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
USOIL further bullish continuation! | 3rd March 2022Prices are on strong bullish momentum. We see the potential for further bullish continuation from our buy entry at 108.95 in line with 23.6% Fibonacci retracement towards our Take Profit at 115.55 in line with 200% Fibonacci Projection . Our bullish bias is further supported by prices trading above our ichimoku clouds .
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Wheat, Naturalgas, Brent, Coffee and Cotton vs BTCWheat, Naturalgas, Brent, Coffee and Cotton vs BTC in one chart, all long!
XTIUSD trade has achieved top Target..XTIUSD trade has achieved top predicted target then started third wave of target with 2000% growth. Trade new direction will be calculated after completion of target.
USOILNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Short idea $Oil $WTIMy reasons:
Classic Reversal Pattern, Head and Shoulder at H4.
Huge Bearish Engulfing on H4.
Confirm better by break below neckline, climb and reject below neckline.
Average Entry Price: > 90
SL: 92.00
TP1 : as in the pic (Measure the distance from Head to Neckline)
TP2 : ''
TP3 : ''
USOIL UpdateIn addition to the big picture posted before today we witnessed a leading diagonal made of impulse waves. I must admit I was was surprised to see wave 4 as a triangle in the diagonal. I need to check the rules, however intuitively it makes sense if motive waves are impulse ones.
@RayCharles Phillipe, take notice of that one.
Crude Oil (WTI): Bearish Breakout Confirmed? 🛢️
Hey traders,
It looks like the channel that we discussed yesterday is broken.
With a high momentum bearish candle the market closed below a support line of a rising parallel channel.
I believe that soon we will see a bearish move to 87.0 level.
❤️Please, support this idea with like and comment!❤️
Oil Weekly OverviewHello Traders,
For the commodities, I generally look at price action starting from high time intervals to low.
To follow energy commodities, WTI always comes first for me.
My analysis about commodities is not only technical but also fundamental.
After the lockdowns Oil demand indeed accelerated and that directly affected Oil price.
In the mean time US used its national reserves to set the price in a level but that wasn't really successful.
Palliative actions does not create stable solutions.
Hard winter for Northern Hemisphere increased the demand of energy commodities.
And other aspect that effects Oil price is politics.
Russia is a major player in the field and as a playmaker role, Russia can directly effect prices.
Europe needs Russian natural gas so bad and Russia is decisive about its pipeline because they don't want to pay commission to Ukraine while sending gas to Europe by North Stream.
That's why they built North Stream 2 which sends Russian gas directly to Europe.
BUT
US does not want Russia send gas through North Stream 2 without Ukraine to be paid. Meanwhile US supported Europe by sending tens of LNS vessels which also increased Henry Hub gas prices.
With all that conflicts,
US wants energy prices lower because of inflation,
Russia wants to send gas through NorthStream 2
Europe need cheap gas
bla bla..
The most important aspect is that, USD is not valuable enough for the world right now comparing to the commodities, metals, energy, housings, for each item that people need to have.
and that means inflation...
Thanks and have a nice weekend.
Crude Oil (WTI): Update & What to Look At 🛢️
Hey traders,
WTI Oil is still coiling around a major rising trend line that we spotted on a weekly.
Though we expect a pullback from that, from a current perspective, it is too early to short.
The confirmation that you should look for to open a sell position is a bearish breakout of a support line of a rising wedge pattern.
Only then a bearish move to 88.6 / 85.0 levels will be expected.
In case of a bullish breakout of a trend line on a weekly the setup will be invalid.
❤️Please, support this idea with like and comment!❤️
Ukraine-Russia Oil UpdateWe playing a headline driven game on the edge of war, but we have a fairly well defined $90-$95 range that should let us know the outcome one way or another in the next couple of days.
A special summit with US Europe and Russia would be the sort of news to start the downside.
Actually Russia troops in Ukraine likely the start of the move to $100 if that comes out.
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Short Opportunity on OIL WTI According to Fibo retracement ,and fibo Extension
Up trend channel
Corrective Wave
Divergence
usoil oilusoil its easy setup you can enter after retest sl is same price that one d1 candle close above line
CRUDE OIL - Watching Closely!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Technical analysis update: WTI oil (17th January 2022)WTI oil continues to march higher and we continue to maintain a bullish outlook on oil. Our view is supported by a combination of bullish technical and fundamental factors. Currently, we will observe whether USOIL will manage to break above the major resistance at 85.39 USD which will further bolster the bullish case for WTI oil. We would like to set a new short-term price target for USOIL to 85 USD per barrel. Our long-term price target is 90 USD per barrel.
Technical analysis - daily time frame
RSI is very bullish and due to perform crossover above 70 points (into overbought zone). We expect such a phenomenon to be accompanied by further rise in price. However, after completion of crossover we think it is likely that price will retrace lower before continuing towards a price tag of 90 USD per barrel. MACD and Stochastic are also bullish. DM+ and DM- signal bullish trend. Additionally, ADX exhibits growth which suggests that the prevailing bullish trend is gaining strength. Overall, the daily time frame is bullish.
Technical analysis - weekly time frame
RSI is bullish. Same applies to MACD and Stochastic. DM+ and DM- performed bullish crossover recently. ADX undergoes reset as it declines. Overall, the weekly time frame is bullish.
Support and resistance
Major resistance sits at 85.39 USD while major support lies at 61.76 USD. Support 1 sits at 80.81 USD and Support 2 at 78.28 USD.
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
oil could resume the boom (GUSH)wti is still in a weekly uptrend, and that could mean bulll
ish business for GUSH.
i think every time we hit a bottom in monthly oil futures we experience a period of upside with extreme volatility until that pattern of lower weekly highs during reversal breaks on the daily.
we are just near treating VWMA as support.
CRUDE OIL: Buying A Pullback To Key Support 6-2-2022CRUDE OIL – Futures
Price Action: There is no price action signal to note at this time.
The recent Bearish Tailed Bar Signal, failed (We did not consider trading this signal and hopefully saved some members on this market).
Price moved significantly higher from the prior Bullish Tailed Bar Signal + Inside Bar Breakout Pattern (Combo Setup) that had formed just under the $84.91 – $85.41 prior resistance area – which now acts as a short-term support area, also a minor Event area.
Potential Trade Idea 1: For more aggressive traders, we are still considering buying on a retracement lower and after a clear price action buy signal, at or around the $84.91 – $85.41 short-term support area (Minor Event Area)
Potential Trade Idea 2: We are still considering buying on a deeper pullback and/or after a price action buy signal, whilst price holds above the $74.17 – $77.46 short-term support area.
XLE to hit $130 by Jan 2025 a 300% gain from 2020 lowsCheck out the two trends prior to this. Clearly, you can see the run of over 300% that was 6 years long and then another 5-year trend at 142% gain. I believe we have entered commodities run and companies that produce oil and sell gasoline or diesel are going to benefit hugely. I am making a call that by January of 2025 we will see XLE at $130. Even if it doesn't, WTI Crude will hit that $130 mark. Two calls right there I think are very realistic repeating that 5-6 year trend which also matches the first 300% gain although the climb may be steeper. I think that climb coincides with how much inflation we have so I believe it's still a fair analysis overall.
If you have not watched my recent video on hyperinflation, I suggest you do. At least go compare a 1month chart of the M2 money supply (M2SL) to the SPX. Hand a hand increases and parabolic running back to 1960. It looks to be sometime around 2025 we hit our first level of lift-off, straight up as the curve stops and begins to head to the moon. This happens to land around my chart here with XLE being at $130 by 2025. After 2025 all bets are off. WE could be heading into a massive inflationary person and it could be a billion per share or something crazy. That number won't matter anymore of course as it's only nominal.
