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Oil(wti)

USOIL(WTI OIL) TECHNICAL ANALYSIS| Hello, Traders! USOIL looks pretty interesting on the higher timeframes We can see that 50$ is a strong technical as well as phycological level As well as a nice round number, which is important The rising resistance line forms a confluence with this resistance In a point where oil price is supposed to test the level Based on the fundamental news of a new strain of coronavirus Which will lead to more lockdowns and subsequent slowdown of the economic recovery Oil is loosing strength And while it might test 50$ I think it will drop to retest the strong support area of 40-41$ per barrel Lets see what will be the markets decision But I am bearish on oil right now Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:USOILShort
by TopTradingSignals
2
Oil Pulls Back At The Start Of The WeekOil is facing some pressure at the start of the week and tries to settle below $46.00. However, support for oil remains strong, and it needs to settle below the nearest support level at $45.80 to develop downside momentum. On the upside, a move above $46.25 will push oil towards the recent highs at $46.65. A successful test of this level will open the way to the $47 level. At this point, the big picture remains bullish for oil, and it should be noted that the recent attempt to gain downside momentum was quickly stopped at $45.40.
TVC:USOIL
by FXEmpirecom
WTI OIL Double entry Buy SignalPattern: Ascending Channel on 4H. Signal: Buy as the price just hit the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence) as the MACD is still open. Target: 48.00 (just below the 0.382 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
5
CRUDE OIL (WTI) Weekly Time Frame & Key Levels hey traders, just 12 hours until weekly candle closes. it looks like the market will close above key weekly resistance (very strong bullish clue). I am already bullish biased. Here are the next key levels to pay attention to: Resistance 1 - 50.5 - 55.0 area is based on price action from 2015'th Resistance 2 - 63.0 - 66.5 area is based on 2019's highs Support 1 - 42.0 - 43.5 area. I will look for a pullback to buy from that. Key levels serve as the goal for buyers/sellers and give the safest entry points.
FX:USOILLong
by VasilyTrader
9
OIL will rise a bit more, then fall. Sell! Hello, Traders! OIL is going UP on the fundamentals. Improved outlook on the economic Recovery rate Based on the vaccine successes Consequently improves outlook on oil demand Therefore we see a price increase. However, On the technical side We see a strong rising resistance ahead. That is my target short spot From which I expect oil to retest falling support Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:USOILShort
by TopTradingSignals
5
WTI OIL Buy SignalPattern: Channel Down on 4H. Signal: Buy as the current bearish leg is forming a sequence similar to the September 01 - 14 leg = Death Cross, followed by a Triangle bottom. The signal is invalidated if the Channel breaks the Lower Low trend-line. Target: The 4H MA200. Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
3