OIL IDEA: SHORT/SELL (W/B: 23/12/24)Guys! It’s almost the end of the year!
This one is quite self explanatory… order flow is bearish - we’ve had a break of structure to the down, so price is looking to tap back in to finish the sell. The trade I’m showing is RR: 2.80, with the final TP of RR: 4.14. Enjoy and good luck!
Last couple posts will be my last until probably mid January
Oilsell
WTI H1 / Opportunity for a Short Trade 💲Hello Traders!
I see a good opportunity to execute a short trade on WTI H1. I expect the BOSS at the price of 77.80 to be taken, and in case of retracement, I will look for a short trade entry.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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WTI H1 / POTENTIAL LONG ENTRY / OIL IS GOING BULLISH 🛢Hello Traders!
This is my forecast for WTI H1. I see another retracement from the bullish channel, considering this an opportunity to execute a long entry until the resistance level and above the Previous Day's High.
If confirmed, I will execute a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Crude oil Wednesday strategy
On Tuesday (October 31), under a series of negative impacts, WTI crude oil closed down 1.5% and broke through the key support of $82.00, indicating that the rise of WTI crude oil since the beginning of May is facing an end, and at the same time, downward space may be opened.
Looking at the daily chart of crude oil, oil prices have stopped rising at a high of 95 and entered a correction state. Oil prices have experienced a two-week decline and adjustment. Oil prices have crossed below the moving average system, and the objective trend has entered sideways consolidation. The original flag-shaped relay pattern has been destroyed. Under the uncertain war and conflict, oil prices continue to reverse upward. The current mid-term trend of crude oil has entered a high-level consolidation pattern. If the situation escalates, it is not ruled out to review the rise again.
The short-term (1H) trend of crude oil continued its volatile downward trend and hit a new low of 81.40. The moving average system is arranged in a short position, and the short-term objective trend remains downward. In early trading, oil prices adjusted weakly near the lows, and short-term momentum prevailed. Pay attention to the resistance of the yellow downward trend line on oil prices in the chart. It is expected that crude oil will continue to decline in the short term during the day. interval category. It is expected that crude oil will continue to decline during the day and test the support position at the lower edge of the 81.70 weekly chart range.
Trading signals: sell82.50 sl84.00, tp80.70.
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Crude oil trend analysis
Last Friday there was a unilateral rise of more than 20 points, which is not large in terms of magnitude. After all, the one-day fluctuation in previous years was 30 points. Crude oil prices have been rising for 3 consecutive months. I think that in The price will usher in a correction this week. There will be a certain degree of decline.
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OILUSDHaving surpassed three instances of touchpoints, the price has diligently followed an ascending trend. Regrettably, on Tuesday, August 15, this course was disrupted as the price concluded below 81.70. Forecasts suggest a continued descent in the trend, with the price anticipated to gravitate towards the range of 77.68 to 77.8 in the subsequent occurrences. This shift marks a departure from the earlier upward trajectory, raising expectations of a sustained downtrend for the time being. Traders and observers are keenly watching the price movement to ascertain the accuracy of this projected decline and its potential implications.
Meanwhile, as the market undergoes these fluctuations, Wagner Corporation's CEO, Mr. Wagner, has embarked on a well-deserved vacation. In a separate realm, Ukraine's situation takes center stage as they appeal for a period of tranquility and conciliation. Amidst these diverse developments, global attention remains divided between financial trends and geopolitical dynamics, underscoring the intricate interplay between economic and political landscapes.
USOIL:I think shorting is the main
Hey traders, I think crude oil is about to reach a short position, what do you think?
From the 4-hour chart, the pressure of crude oil is around 77-77.2. If it does not break through 77.3, then the strategy can be shorted around 77-77.3. The target is first around 75.5, and after it breaks, look around 74.
If it reaches near 74 to form a support, then backhand to do more.
If you agree with my point of view, welcome to pay attention
BLACKBULL:USOIL.F FX:USOILSPOT TVC:USOIL
XTIUSD sellwti crude oil or XTIUSD has formed a wedge pattern and we are watching for price to reach at our resistance level so we will be making a short trade so waiting for price action to form and we will be shorting this commodity there is another confluance for this short trade is 200 EMA resistance so we will be shorting
OIL Made H&S Pattern ,Not Confirmed , Short After 4H Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USOIL:Trading straregy
Yesterday, the market continued to fall as scheduled and adjusted to reach the support level of the chips below. In the short term, we can continue to focus on the pressure of the chip peak (around 73.80). We can also clearly see from the above picture that the CCI has further upward movement In the short term, there is also a lot of pressure at the top, just focus on the pressure of 73.20 and 75.70. The specific suggestions are as follows:
usoil:sell@73.2-73.6 tp1 72.3 tp2 71.8
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4/25 Crude oil trading signal: Sell
The pattern of crude oil is similar to a double top, with resistance levels near 78.8-79.2, so a short signal was given before the market today. Now the trend is still in a short form. The rebound is a short opportunity. If you can't grasp the timing well, you can find me
Oil prices have stopped falling, and the bulls are back?Crude oil was suppressed by fundamentals and high pressure. Yesterday, the daily line fell all the way, and finally the daily line closed the negative line. Crude oil currently continues to maintain a wide range of oscillations on the daily line. The 4-hour level trend is also after a continuous decline. The current deviation rate is slightly too large, and the technical patterns on the small-cycle trend are also beginning to be gradually repaired, and there is a high probability that there will be some room for rebound and repair in the short-term trend.On the news side, short-term attention will be paid to Powell's further remarks and EIA data within the day.
Operationally, crude oil is recommended to be short at 78.3, below the target of 76.6.
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TVC:USOIL TVC:GOLD FOREXCOM:XAUUSD
WTI CRUDE OIL WAITE FOR CONFARMANATION...
Hello 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,
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WTI CRUDE OIL POSSIBLE TO GO DOWN
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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WTI BEARISH OUTLOOKWTI reached its 8 months low, after the spike in price from the invasion in Ukraine. Investors are afraid that combination of increasing interest rates and high inflation will slow down the economy, from there and the demand for crude oil. The economic slow down of China has also put a down pressure on the oil price.
Technical indicators are also placing WTI into bearish scenario, with MACD under the 0 line and RSI under the 50 neutral line.
If the trend continues, the price might reach levels of 67.5 In opposite scenario, however, the price might test its previous high of 89.5
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OIL-NEUTRAL SELLWe likely will trade lower in the medium-term. Short-term we are supported at 93.93 and we have resistance at 98.50 above.
The MACD is starting to go negative (lagging) and therefore SELL strategy is the way to go. One would either SELL near resistance 98.50 (perhaps 97.75 when seen) or SELL current 95.00-96.00 and place stop-loss @ 99.00. Take profit 84.75.
OIL BRENT Local Short!!OIL_BRENT is trading in a narrwing wedge
And will soon retest a horizontal resistance at 112.45
A bearish move down will follow
However, IF the resistance is broken to the upside
The setup is invalid
Oil Short From 108$ Oil has been propped up in recent days on the back of EU embargo on Russian oil rumours. It seems as if there might be a consensus among the member states but most are requesting exemptions for at least a matter of years before they are forced to get off it. China are also struggling with COVID-19 implications, lockdowns and seems as though the supply chain link to the U.S. is also becoming strained once again. On the back of that demand decline in China, potential slowdown in the U.S. as a result of that and combination of higher rates.
OIL SHORT BACK TO MAIN TREND IF CLOSE OUTSIDE 50 MOVING AVERAGEHi there,
As you see on the chart, OIL has closed below the 50MA on the daily time frame. We need to see a full candle close below 50MA for short. It is still above the 200MA so still a bullish trend up. But we may want to catch the fall back to the main trend. You can see our entry and profit target.
Profit target = next support point.
Entry Point = Ideally we should wait for a retest and reject from the 50MA to enter for the fall.
Indicator:
> MACD = showing sell but need more sellers
> RSI = below 50, need more strength to the down side
We don't want to see OIL close inside the symmetric triangle.
kind regards