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Oil(wti)

CRUDE OIL BULLISH CONTINUATIONHey everyone! Wanted to make an update on crude oil. If any of you viewing this idea follow me, you should be aware of my previous post on Oct 22nd. Nothing really changed since then, trade is going as planned. Take a look at that weekly bounce of green supply zone :) bullish continuation expected on weekly basis. For those that didn't take previous trade and didn't open longs in greenish box, purple box is zone of interest to open longs again. (Not saying that market will offer us that chance, but if it does, bulls should step in.) This is not a financial advise. Let me know what you think!
TVC:USOILLong
by Patrikas10
6-month crude oil outlook bearish for now, but watch the dollarOil has been in a nice uptrend along a pretty consistent trend line, but eventually I expect it to break out downward. The EIA predicts an average WTI price of 54.60 next year, with the lowest prices in the first half of the year. US crude inventories have been increasing lately, and should continue to rise. According to the EIA, US crude inventories will continue to increase early in the year, and then will fall in the second half of the year. As inventories gain, prices should fall. Futures traders are a little more optimistic than the EIA for the front half of 2020, but more pessimistic than the EIA for the back half. An analysis published today at SeekingAlpha titled "Crude Oil: Inventory-Price Modelling Implications For 2020" illustrates how inventories explain about 75% of the variance in oil prices, and inventory forecasts imply a price of about $45 per barrel next September. Of course, major changes in oil supply due to geopolitical insecurity (e.g. war in Iran or instability in Venezuela) could change the outlook by reducing inventories and driving up prices. Global recession, meanwhile, could change the outlook by reducing demand, increasing inventories, and driving prices down. Another thing that could change the outlook is the strength or weakness of the dollar. Right now, the US economy is widely expected to grow slower than the global economy in 2020. If the US economy grows faster than expected relative to the global economy, then the dollar could continue to strengthen and oil prices should fall. If the US economy grows slower relative to global growth, the dollar could weaken and oil prices should rise. Similarly, the Fed has been trying to weaken the dollar, so far without a great deal of success. If and when Fed policy finally succeeds at forcing a breakdown in the dollar, oil prices should rise. Here's the triangle I'm watching on the dollar to see the effect of Fed policies: But barring a dollar breakdown or a major geopolitical event, I expect oil to eventually fall out of its upward trend.
FX:USOILShort
by ChristopherCarrollSmith
XAUUSD D1 NO NONSENSE REVIEW AND TRADE SETUPSXAUUSD D1 NO NONSENSE REVIEW AND TRADE SETUPS STAGE1 BUY STAGE2 SELL HEY GUYS, HOW ARE YOU TODAY? IF YOU WOULD LIKE TO GET MORE TRADE IDEAS AND SETUPS PLEASE UPVOTE AND GET SUBBED FOR THE LATEST UPDATES. THANK YOU. HERE'S WHAT I GOT ON XAUUSD: FIRST THINGS FIRST. GOLD IS TOPPED OUT. NO MISTAKE ABOUT IT. THIS IS DERIVED FROM WEEKLY PRICE CHART AND ALSO COT DATA BIG BANKS/HEDGE FUNDS WERE PREVIOUSLY 90-95% NET LONG, AND THIS IS AN EXTREME READING. A LOT OF TRADERS GOT NO IDEA HOW TO USE COT PROPERLY. YOU ONLY USE EXTREME READINGS TO TIME POSSIBLE MARKET TOP AND BOTTOM. PERIOD. OTHER THAN THAT YOU CAN'T USE IT FOR ANYTHING ELSE. MY LONGER-TERM TARGET FOR BEARS STILL MAINTAINED AT 1300, BUT THIS WILL OBVIOUSLY TAKE MORE TIME. -GOLD IS TOPPED OUT IN THIS CYCLE -DISTRIBUTION AT THE TOP -BREAK DOWN OF BULLISH TL (POINT E) -KEY LEVELS: 1450 // 1430 // 1510 // 1300 -FURTHER LOSSES INCOMING -BUT EXPECT A BOUNCE -BULLS SHOULD TARGET RE-TEST OF TL -AND THROW BACK INTO RANGE -STAGE1 - BUY THE DIP - NEAR 1430 -STAGE2 - SHORT INTO THE BOUNCE NEAR 1510 -LONGER-TERM TARGET MAINTAINED AT 1300 -1450 IS NOV MAX PAIN FOR OPTIONS -THIS MEANS THAT TRADING RANGE -WILL BE 1430-1510 NEXT 2-3 WEEKS MORE UPDATES? SUB AND ADD AN UPVOTE WHAT YOU GET -DAILY UPDATES -CLEAN CHARTS -NO BS, NO MACD , RSI , MOVING AVERAGES, FIBS -PURE PRICE ACTION -NO MOONBOY BS AND FAKE AGENDAS -SETUPS THAT ACTUALLY WORK -NO CLICKBAIT -NO LOONY TARGETS ONCE AGAIN. THANK YOU FOR YOUR ATTENTION. STAY TUNED AND LET'S MAKE SOME MONEY. ASGCORP.
FX:XAUUSD
by asgcorp
5
Daily chart on OIL- Setup stageTVC:USOIL has recently got on an uptrend but price has reached an important level of FIB levels...Price will see a lot of congestion at this point, like what we are seeing already. I have shown various timelines and important support and resistance levels going ahead. Look for signs if price makes higher highs and higher lows, for confirmation of uptrend. and channel being respected. So far price has respected the centre green zone as support levels on the RSI The chart is self-explanatory . If you like what you read then please share a thumbs up! Cheers
TVC:USOILLong
by LoveForCharts
UC Daily Update: Neutral Until BreakWaiting patiently for a higher low around 1.32 for a possible long entry! Patience will be key! Looking like some really good trades are on the way! With this specific setup, being dynamic and flexible to price action in either direction is key. Remaining neutral in a setup is essential to hitting any opportunity that will come our way this week. Confluences for a long: - Ascending trending line - 4-hr and 1d uptrend Confluences for a short: - Potential for retracement at fib zone - Monthly resistance of 1.33 - Weekly descending wedge
by UnknownUnicorn3442968