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Oil(wti)

WTI Crude Oil: 1W Support reached. Long term Buy opportunity.Oil has almost made contact today with the 50.55 1W Support after a very disappointing 8 red candle streak which has turned 1D bearish (RSI = 36.455, MACD = -0.740, Highs/Lows = -3.6829). We see this decline as the most optimal buy entry both on the medium and long term as despite 50.55 being a 4 month Support and strong buyer accumulation zone, the RSI is coming off Higher Lows and making Higher Highs. The symmetry on the duration of each Low to Low and Low to High, allows us to project the rise on a 1 - 1.5 month horizon. The Medium term Target Zone is 60.90 - 63.30 and those on a longer term perspective can take the profit within 63.80 - 66.60. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:USOILLong
by InvestingScope
1
oil, cl, day trading levels for Sep 27yhThe levels I am pointing out are directional signaling areas and are not always the trade trigger. after a direction is established for my trade i then need to have a triggering event. The trigger can be right at the break point but often is not and the market will have to provide me some real time info to actually create the trigger so the action can be fired upon. I look at trades as 2 parts one is a directional signal and second a trigger or action point. Action point will be looking at things like possible reward and possible risk and is the action cooperating with the signalling direction. In the live trading room my software create triggers it is up to the trader to see if the trigger matches there personal risk reward. I point this out because I have been getting lots of questions as of late on what my red zone means. I will not be adding much about the market today due to the fact the red zone was broken lower as of this typing and will possibly provide a second post today after the break move has digested.
FX:USOIL
by alleytrader
US OilHello, How you doing USOil has been in range for last few days 1. EMA200: its right on the price and soon or late its time for the move away from it 2. Channel: Up 3. Green Support box 4. Oscillator going to oversold area There is chance for breakout to the downside, since momentum is getting weak We are looking for big green candle and breakout to higher price for making decision I'll be happy to read your opinion and ideas, Remember, we are speculators, not investors ;) Have a profitable day
TVC:USOIL
by Aidin_Jabarpoor
Master 1H Chart Analysis: Oil is closing the GAPHi, guys! Master (Pure) Charting Analysis : no indicators, no fancy drawings; only Pure Logic and 10 years of Experience. * After a tremendous rise to $63 Oil seems to be losing steam. * Standing on the top of the gap , the price can easily go down from here and close it out. Trade Signal Sell at $59.00 Target: $55.00 Stop-loss: $60.00. Risk/Reward: 4:1 GOOD LUCK! Yours, Market Wizzard Disclaimer The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.
NYMEX:CL1!Short
by Market_Wizzard
Oil - No freaking clue what will happen...Oil is somewhat of a pain in the a** right now as there are 2 big possibilities … Either big move up right now or a big drop that will kill positions of all those who bought at highest possible price after the Saudi Attack this weekend. For today, as shared with my members 2days ago, we should see at least a 3 waves rise, stopping around the 61.8% retracement level ideally. ------------------------------------------------------------------------------------------- Don't hesitate to like and share my ideas Also, Subscribe to my FREE Telegram Channel for MANY more updates t.me If you have ANY questions, reach out to me through comments, chat or my Telegram t.me
TVC:USOIL
by ElliottWaveBelgium
San Juan Basin #Royalty #Trust ($SJT) #Dividends Extremely undervalued royalty trust (MC ~ $100 million) which has a dividend yield of almost 12% p.a! Buy signals @ 1W TF (also confirmed by 1M TF) - RSI hit 23 and is bouncing upwards - MFI@8 - StockRSI slowly turning bullish - MACD will cross bullish soon - Bullish W-pattern in MACD histogram - WaveTrend oscillator generated a buy signal! Heavy Entry between $2.12 - 2.35 TP1 @ 3.98 TP2 @ 5.33 I´m not a financial adviser. For educational purpose only!
NYSE:SJTLong
by PatMoar
HUGE WINDOW ON OIL!!! WILL IT CLOSE? BULL TRAP OPPORTUNITY-Over the Weekend we got fundamental news that skyrocketed the Oil to the Highs of $63 -Couple of hours ago, news came out that Saudi oil output will return sooner than normal What does that mean for us? -if we didn't get that recent news there was a good chance oil would have continued to rally without any major retraces due to oil shortages -with the news update expectations have now changed maybe we rally but not as high as we thought therefore a retrace is now likely **NOTE** I have always been taught that whenever a window or gap is opened in the market ....sooner rather than later the market will try and close the window/gap. For those who don't know... It is because so much money came in that price soared without any fills so closing the gap will fill remaining orders and price should continue in the same direction. Keyword should. Beware not all the time. What am I looking at... - the news candle broke the ema which lets me know the trend up is in danger and bulls profited and bears came in --doing a fib of that move (yellow fib) confirmation is that price bounced hard off the .50 -if you notice on the chart I have marked the last chance bulls who are protecting the open window support zone which sometimes is used as support as you can see from the inital bounce up to 60.70 area -the fact that bulls have tried 3 times pushing price up and getting weaker every time tells me that are about to get trapped which will provide momentum to close the window - Below Im proving the H4 WTI OIL chart that doesn't even show a gap so unaware bulls don't even see whats happening -Also currently OIL has been in a roughly $10 dollar range from $50.50 - $61 - the news extended us to the 1.27 which if we are still range bound should push us back to the .50fib which coincidentally is RIGHT AROUND THE WINDOW CLOSE!!! It also doesn't hurt that macd and stoch is coming down which is bad news for the bulls.. As the better trade would have been from the .50fib on this news move around 60.70 but I caught it late so there goes a beautiful low R:R trade. But we are hunters we set the traps and go eat. Right now going for a momentum trade taking out the weak bears and having them run for cover. Im entering on any retraces here with stops above previous to last H4 candle 60.50 SL aiming for 56.40 TP1 and 55 TP2... I don't always know what Im doing but when I do.. I'm pretty amazing! Happy Hunting Happy Trapping BooBii Make sure to like... comment ... and subscribe Any questions feel free to ask... For what I don't know... I just don't know... But what I do know I'll gladly share...
NYMEX:CL1!Short
by rickyboobii