Oilprice
OIL BUYA golden opportunity in the oil market with a positive candle and an upward channel with a strong upward correction. Please do not miss the opportunity and thank you dear traders 💷💵🥲♥️
WTI: Safety net 🧗Although the Oil might need a little persuasion, we're expecting the course to drop below the support line at $70.08 to continue with the downwards slope of the blue wave within the green target zone. Once completed, the blue wave should pump the course back up, before it ultimately hits the corrective low of the green wave .
Sell OilOil looks bearish on the weekly timeframe and next month looks bearish with possible new lows to bottom area 60.
Oil on the weekly timeframe is in a descending downtrend channel and currently rebounding back from the upper channel of the downtrend at the resistance and supply zone at area 82 and already this week broke previous two weeks lows.
Long setup wti crudeWait for the price to come in the yellow zone shown in picture then buy long.
Entry = 80.75 - 81.10
Tp = 85 - 85.40
Sl = 79 - 79.30
EURCAD...SHORT (67 Pips)With the recent rally of a barrel of oil, fundamentally the CAD should rally as well. But the dominance of the Euro has made a bit slower process, Technically, looking out fro a short sell on ECAD to its consolidated price zone on 13th Jan, when price was just trading a around my pivot point at 1.45010.
NB: A clear breakout from the breakout zone (Blue Box Region) will accelerate the process!!!
USOil/WTI Short overallhello everyone.. last 2 week we had good bull run for usoil... but as soon it reached 82 the price starts consolidating, like in 4hr tf the price test 82 several times.. however if we look at weekly tf the main resistance is around 84-85.. at this point the price can trick the seller... overall i think its a bear trap (still LH & LL).. the resistance trend line also make more sense at the 84-85 price area. look for a good pullback using high tf for better accuracy... currently the price could go up this week before it pulls back
good luck
Short Idea - XOM Exxon Mobile Corporation - Updated 011923Looking at the chart(s) of XOM Exxon Mobile Corporation , are they signaling a short opportunity on the back of lower growth outlook(s) for 23-24'? 🛢⛽️ 📉
Not going to provide much commentary on the macro outlook for U.S. Crude Oil CL1! CL2! CRUDEOIL1! CRUDEOIL2! WTI1! WTI2!, just the charts of XOM:
XOM Weekly Chart: 📊
XOM Daily Chart: 📊
XOM 4-Hour Chart: 📊
XOM Hourly Chart: 📊
XOM 15-Minute Chart: 📊
Here is a more detailed XOM (Short) analysis from @dRends35: 📉
What do you think about an XOM (Short)? 🛢⛽️ 📉
Let me know in the comments below! 👇🏼
We hit the first target on OIL Congrats , I already predict that oil will go beyond 81.5 $
Now we are at 82 going to hit 84 then 88.5 soon
GOOD LUCK
Waiting For Dropping!Expect crude oil to fall. We wait until it hits the area 82
Its great resistance for dropping oil.
USOIL | DECRYPTERS | US OILHi people Welcome to our OIL Analysis
We put Our Technical and Fundamental Analysis together So both can be Combined
1- My Political Aspect is FED wanted to show people that their polices are working the oil prices will move inflation again.
2- Strength of USD was keeping US inflation low relative to Other countries ,but if USD get deep dive more it'll also fuel the inflation.
3- If US make USD more strong they can buy oil at cheaper prices i Really think it will go for that , Four our Technical point of view look our Dxy Analysis.
Crude oil💥1D -TIMEFRAME ANALYSISCrude oil💥1D -TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥Oil
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
US OIL- Pt.2- Patience is the keyIn our previous post we explained how we believe that oil still needs to complete a cycle wave 2 in the area 57-60, where the 61.8% fibo retracement and the upper trendline of a big descending broadening wedge stand.
We then took a potential short opportunity at 75.8@, but we were kicked out at entry and we believe that the correction in wave ii of C of (Z) still has to complete higher, when the golden fibo level of i coincides with the level for which a=c. We are then waiting 78.14 to restrike.
Oil target today As i said before , oil can reach 88 .
What to expect today …..
So yesterday we got the CPI numbers 6.5 , which meets the expectation and that is a good sign .
Today oil targeting 81.5 -82 in my opinion its an easy target .
Good luck
Volatile start to year for gold and oil In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a continuation to the upside at the start of the new year. Although the volatile uptrend pattern appears to remain intact.
Currently, XAU/USD is sitting in the green “buy zone” of the Investing Zone Indicator. The Alma Trend Ribbon included in this indicator is presently blue, further suggesting that gold is bullish at this point. If gold manages to sustain this bullish outlook, $1,900 might be an appropriate pivot point, with $1,940 perhaps as far as a price traders might like to target.
Meanwhile, Crude Oil appears to be in a downward trend, with the price below the pink (bearish) Alma Trend Ribbon. In 2023, the price cratered from ~$80.00 a barrel to as low as ~$73.00, in the first 4 days before consolidating near this low, but not without printing some impressive wicks. This week, crude oil has experienced a small rally to avoid moving deeper into the yellow sell-zone of the Investing Zone Indicator. $76.50 now appears to be a resistance level for oil, so traders might like to watch for further rejections, particularly at $74-$75, before looking for price targets below $73.00 in the days ahead.
Oil sky rocketOil is almost ready to go up massively !
Ive been day trading in buy only , just to catch the huge up side for me i still think 88 is easy target .
GOOD LUCK
WTI Bearish flag in PlayMonthly Chart : Prevailing macro sallow bearish channel in play.
Weekly Chart : Breakout of weekly bullish channel in the corrective phase of the market structure.
Daily Chart : Double top intermediate pattern formation within the bearish channel.
4H Chart : Asymmetric expanding mini triangle pattern, with impulse breakout of 1H chart bullish corrective structure.
1H Chart : Almost completed bearish flag, expecting break below 73.50 round number with anticipated zone of interest for tp goal at about
70.00 round number.
Crude oil WTI: Downside contained?Oil WTI failed to break over the 50-day moving average during the session on January 3, and sellers returned after the price topped $80 per barrel.
This resulted in a rapid drop to $73/bbl, making it an interesting area to assess the strength of buyers on dips once again. Remember that the US is actively purchasing crude oil at 67-72 dollars per barrel range in order to replenish its strategic reserves (SPR), which have fallen to their lowest level since 1983.
The level of $70/bbl generated a double bottom between December 9 and December 12, 2022, luring buyers at those prices.
In the coming weeks, the market may retest those levels or even hit $69-68.5/bbl (December 21, 2021 lows). In such a case, the RSI may show a bullish divergence since it will not fall as low as it did at the December 9 price lows.
Thus, the short-term scenario may still have another leg down, albeit the proximity to the purchasing window may limit bearish pressure.
A fresh rise over $80/bbl (the 50DMA and the negative trendline from June to November 2022) would open up new positive prospects towards $84/bbl (23.6% Fibonacci) first and $90/bbl (psychological and highs of November 10, 2022) afterwards.
Brent. Way to $50s? Will divergence play out?UK Oil/Brent
As we can see price is going down in descending channel. Bearish divergence is formed and signalling for lower targets. I will expect to reach region of $69 by the end of March and area of $57 by June/July.
Let me know what you think!?
BCO Technical Analysis On a we weekly we have gotten close to our resistance level
we can get the following two plays: price going up and closing above 86.149 on a weekly chart or we may get pullback where then we will have to evaluate longs
for now i am bullish since levels held perfectly
my entries are pullback after retest (roughly as demonstrated on the chart)
Let me know your ideas on oil!
CRUDE OIL (cl1!) REBOUND? Yesterday we seen two tests of the price level 81 both times it did not break through could we see Crude Oil (cl1!) finally have a pull back after a strong bull rally for the past couple of weeks?
Leave your thoughts down below !
USoil short CRUDE sellUSOIL CRUDEOIL sell SHORT
thick stop loss
RR 1/10
FIBO 61.8 retrace from main down trend
