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Oilsell

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.
TVC:USOILShort
by UnknownUnicorn15362357
5
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
TVC:USOILShort
by TradingProXY
crude oil Since history always repeats itself, we expect oil to drop to levels 38, 34 , as you see there are 2 ascending triangles , one big and the other small, look at the small one, after the price broke the third higher low , the price retested it by forming double top then descending wolfe wave formed ,then the price free fall fell so we are expecting the same path for the big ascending triangle , zoom out to see it now the price broke the third higher low in big ascending triangle , we expecting the price to retest it the form a descending wolfe wave the free fall to 34 ,In addition to fears of an inflated global excess supply of crude in the first quarter of next year, due to lower demand. Take your profit & RUN! 🏃‍♂️ I hope you all have a brilliant trades 💖 Stay safe ✌️
OShort
by Elrouby
1
Oil is headed down in 60s rangePrices of oil have a direct impact on the inflation. The higher oil prices have started impacting the consumers across the globe. We have used Aspen Trading Support & Resistance Levels to analyse the oil prices trend. It has clearly broken down the short-term support levels at 77.75 and most probably could lead to further down side. As the the oil production ramps up, the oil prices could stabilise at the pre-covid levels in the range of 60s. Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information. Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
FX:USOILShort
by tradingswift
OIL will rise a bit more, then fall. Sell! Hello, Traders! OIL is going UP on the fundamentals. Improved outlook on the economic Recovery rate Based on the vaccine successes Consequently improves outlook on oil demand Therefore we see a price increase. However, On the technical side We see a strong rising resistance ahead. That is my target short spot From which I expect oil to retest falling support Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:USOILShort
by TopTradingSignals
5