oil is going to ready to jump oil is ready to complete terminal as c in last lag of flat in d lag of big triangle
buy opportunity in 80-83 dollar for 140 dollar at least
Oilforecast
OIL LONG OIL just retested the bullish order block after breaking structure last week and should be ready to test the bearish weekly order block before more downside.
good rr here its hard not to take this trade.
Crude Oil forecast - Why we will fallIf you look at the picture we can see zone of interest that was acting as support. However buyer wasn't strong enough to hold the price and we broke down.
Right now many people got trapped with local trendline and squeezing to the zone. They opened longs but it's likely that was just a retest. I expect continuation of fall with first target at 90$ unless black swan comes into play.
Bullish scenario would be squeezing to the zone and accumulation for 1-2 days. Then we will have a chance to break through it and hold strongly on top.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
2X USOIL 4HR Tech. Analysis!We are playing levels along with News with OIL, stay patient and sit on your Hands! if price retrace to test the breakout of the upward channel, then we are selling to @85.00 area! If price creates a double bottom, we are buying up to @122.50 area!
OILShould we prepare ourselves for new important news? Is a new war coming? What will happen to this vital energy (for this period of time) that the oil price chart shows its price increasing?
OILUSD(WTICOUSD)All targets are Achieved. Tast's an update.
As I said in the WTICOUSD chart analysis on July 21, the price dropped to the $96 range and started rising to around the price of $104.
USOIL probability bullish for 108.8014th july daily key reversal bar indication for strength ahead. Demand zone 95.20-00, if price fails to hold it then next demand level 91.70. initial target 99.50 while longer term target 108.80.
Oil Long Position For Short TermWe are in the entry area for a long position.
If the $90.5 area act as a strong support, we will reach the $101.5 area in the coming days.
However, as long as we are in the yellow box, we have more chances to climb.
$CL Crude Oil is still finding buyers at 93Crude Oil is headed to a Hight demand level at 93 and 200 Day MA.
so you know what to do now (y)
USOIL Short: Shooting Star at 4hr Resistance LevelTrend: The overall trend of the chart is downwards.
Candle Sticks: Formation of shooting start at the LH of the chart.
Support & Resistance: Price is testing the 4he resistance area by making an LH with a shooting star.
Reasoning: The formation of a shooting star at the LH of the 4hr resistance area strongly indicate the price will go down.
SL: Place at the previous LH of the chart.
TP1, TP2, TP3: Placed according to the Fibonacci retracement levels.
Is it time to short Oil!!Believing in yourself is one of the most important aspects in trading! So, because of that confidence I will take a short trade on oil soon within the range I specified on the map and my SL will be 105 or 106.
Wish me the 👌 best.
Bullish week till Wednesday I can really oil bullishness beginning of headed week till we get a clear view Wednesday.
But I think middle eat will jot abide to USA concerns and will continue supporting each other and Russia.
India tricks the West, Strong dollar & China imports russian oilOil top might be in for this year.
Reasons:
1. Market adjustment mechanisms are underway on the commodity markets, ensuring that Russian oil, which is spurned by the West, once again finds its buyers (india, china). This in turn causes these countries to demand less Brent or WTI oil, which again depresses prices. India and China are buying significantly more crude oil from Russia, Europe less, which means there is a balancing out taking place on the world markets with the new tanker routes and transportation routes.
2. India recently bought more oil from Russia than ever before, according to a recent report by the Finnish Energy and Clean Air Research Center. "A significant portion of the crude is re-exported as refined oil products, including to the U.S. and Europe, an important loophole to close," the Finnish analysts warned. Since new sanctions measures are very unlikely, the alignment process between Russian oil and Brent and WTI crudes is likely to continue.
3. Dollar price, interest hikes & recession fears by FED. The strong dollar is also acting as an additional burden on the oil market. This is because commodities such as oil are traded in dollars. If you read between the lines of the FED, they're doing their best to crush commodity and oil prices to crush long-speculators on comm and oil.
4. Fear of new lockdowns in China. Chinese head of state Xi Jinping nevertheless only recently announced that he would stick to the strict zero-covid strategy. This is fueling fears of new lockdowns in China = downside risk for oil demand in China, probably a small impact, since the gov in China is trying its best to avoid a greater corona outbreak in large cities to stabilise eco. situation.
5. bitcoin/tradional markets are sometimes seen as counterparts to oil. Bitcoin, despite very bad news (CPI increased) and being a risk asset, has not moved much further down in price, showing that risky assets have more or less found their bottom while oil bulls have an empty tank.
Opinion: I see the price cooling down slowly rather than continuing to climb, probably going towards 70-60$ in the next 6-10 months.
! This is not an investment advise! Do your own research! This is NOT a recommendation to buy or sell oil shares and this is NOT a recommendation to short or to long oil!
oil update !oil is in correction , it's maybe is triangle, it can see above $100 one more time and then go to $83-85
but don't forget about next target , above $200 :-)
WTICOUSDHi guys!
Oil looking promising and I personally waiting for 0.5 line to be tested before longing it. as shown is my analysis on a 4H timeframe.
Let's see how the oil will play out!
WTI Cude (OIL) BUY TRADE IDEAHello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
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OIL triangle PHASE It appears an ALT wave structure could now be setup . In which we peaked in the cycle that was due early june . and I have now put out A cover all net shorts n puts in the oil sector as of this morning. If we are in a triangle we will NOT break below 89.80
OIL TO $135Expecting a bull run for oil, after Monday’s fall on Oil. Market formed a bearish reversal, technically I’m expecting the market to pick orders into $108, then finally move on, on a new setup.
NB: not a financial advice tho, risky!!!
WTICOUSD (SUPPORT/RESISTANCE ZONE)Good morning guys!
so currently I am sitting out from Oil trading. It was a big fall last night and indeed the weak candles has confirmed for me that weakness was in place.
Will wait till wednesday before placing my trade again. Hope you guys managed to capture it a few days back!
Don't worry crude will cool to $60Brent crude completed its 'A' wave after a WEDGE break-out.
It reached 76.8% of wave 'A'@$115.60, and started to fall
Economical slow down will not support its way up,
the result is formation of wave 'B' downwards until 61.8% of wave' A' ($60)
the maximum time as per Neo wave is june24
WTICOUSD (RESISTANCE ZONE)Hey guys!
How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside.
What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range.
However, shall it
break the resistance zone with a strong candle, it will be bring us to a greater height.
As oil is a very volatile commodity and can easily go up/down a few dollars so do trade with minimal risk and not overtrade!
let me know how you guys think!
