Buy $USOIL short-term trade.Long #spotcrudeoil
entry this zone
Stoploss below the red trend line or 70.74
TP1 74.64
TP2 80
TP2 86.09
Oiltrading
Will USDCAD Breakout with Western Texas Oil on the Rise?Are you ready for some oil talk? Because I've got some juicy information for you that might make your day. Rumor has it that Western Texas oil is about to rise, which could mean big things for the USDCAD.
You see, the Canadian dollar is heavily tied to the oil price, and if it goes up, we might see a breakout in the USD CAD. So, what does that mean for you? It means that you might want to consider loading up on oil and potentially making some sweet, sweet profits.
Now, I know what you're thinking. "But wait, isn't oil a volatile market? Isn't it risky?" And to that, I say, "Of course it is! But what's life without a little risk, am I right?"
So, if you're feeling adventurous and want to capitalize on the rise of Western Texas oil, I encourage you to load up and get ready for the ride. Who knows, you might just come out on top.
Happy trading!
CVX ChevronChevron broken H&S neckline, retesting and holding as resistance, look left PT 104 last area of consolidation, also vol profile shelf. Risk to Reward favors a trade risking a daily close above neckline recovery
wti_analysisBuying oil with a good risk and reward
At the moment, the oil trend is tense and full of risk. Act with caution
WTI CRUDE OIL: Strong short term buy.WTI Crude Oil hit the bottom of its short term Channel Up, breaking under the 4H MA50 and MA100 after forming a Bullish Cross. With the 4H technicals turning red (RSI = 42.535, MACD = 0.300, ADX = 23.704) we have the conditions for a short term buy opportunity. Our target is the 1D MA100 which is sitting on the 0.618 Fibonacci level (TP = 75.50). The last 4H MA50/100 Bullish Cross resulted in the market peak on the 1D MA200.
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The Best Oil Long Zones For InvestorsHey Traders,
As OIL drags down we can look for new long zones at key PA levels.
Strong Poor sentiment has dragged this asset down and the previous low consists of Weak PA.
Risk averse zones therefore lie below at the pre determined level.
Trade it small.
UKOIL LONG
8-20 on daily curling up.
i see an up shift coming in oil
price cleared POC today.
coming off of AVWAP and POC.
Sentiment in buy zone. good MACD.
entry long, with SL below POC.0
WTI OIL Hit the MA50 (1d). Selling action plan.WTI Crude Oil hit the MA50 (1d) today after 3 weeks.
Inside this multi month Channel Down, the strongest Resistance-Sell entry level has been the MA100 (1d).
Max level it reached before getting rejected as the MA200 (1d) on April 12th.
Trading Plan:
1. Sell on the MA100 (1d) at 75.80.
2. Sell on the MA200 (1d) at 79.00.
Targets:
1. and 2. 70.00 (over Support 1).
Tips:
1. The RSI (1d) is showing a price action on a slow rise over its MA, similar to December 15th and January 11th. This is an additional indicator showing that the top is near.
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Notes:
Past trading plan:
Crude oil continues to fall
My friends, the trend of crude oil today is consistent with what I expected. It is now almost close to TP. Crude oil is still in the range. Profitable friends can consider reducing their positions to maintain profits. I hope my suggestion will help you and allow you to continue to make a profit.
Follow my trading signals,Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
Today's crude oil trading advice
Recently, the market's expectations for future fuel demand have declined due to the heightened risk of the U.S. economic recession, and API and EIA inventories have rebounded by varying degrees, which further supports this expectation. However, the AIE International Energy Agency strongly supports crude oil demand, coupled with the expectation of a new round of production cuts by OPCE+, crude oil has begun to reverse repeatedly after falling. After falling as high as 70 in the last trading day, it stabilized and effectively rose, and accelerated after the EIA data, it once hit the first line of 73.2, and the short-term range has repeatedly remained unchanged, and the operation is still not too much to chase
Today's crude oil trading advice
usoil:sell@72.5-73 tp:72-71.5
Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
WTI CRUDE OIL: Triangle breakout revealing the trend.WTI Crude Oil is failing on the 4H MA50 and maintains a dangerous Triangle on the 4H timeframe on neutral technicals (RSI = 44.789, MACD = -0.040, ADX = 23.667) which can breakout either way.
So far it is supported by an HL trendline like the March pattern but if this breaks, which would mean downward breakout for the Triangle, we will sell, after the 4H MA50 gets rejected as a Resistance, and target the S1 (TP = 64.00).
If the Triangle breaks upwards, we will buy and target the 4H MA200 (TP = 76.00).
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CRUDE OIL - SHORT SCALP TRADEI will Short Crude Oil , this area look like distribution so in the next moment we can see a downtrend continuation
oil-CRUDEhello dear traders
oil crude in this downtrend channel
i am waiting for breaukout this downtrend channel and looking for buy area after pulback
first resistance on this chart is my take profit
good luck
USOIL - New Bearish Move📉Hello Traders👋🏻
The USOIL Price Reached a Resistance Level (74.35-73.73) ✔
The Price Failed To Create New Higher High📈
Currently, USOIL Formed a Head and Shoulders Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, USOIL Can Continue The Bearish Move 📉
-----
TARGET 1: 69.80🎯
TARGET 2: 66.90🎯
___________
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WTI Crude Oil (The momentum has shifted!)
View On WTI (15 May 2023)
WTI is in
* Downtrend in short term (Intraweek)
* Downtrend in Mid term (Intramonth)
* Downtrend in Long term (Last 3 months)
Follow our analysis on early May.
Crude Oil had a good run up to the resistant area of 72~74 before it gets shoot down again.
Now we can except $67 regions as a good support and the price can go there first.
So,
We are not in the hurry to buy in just yet the current momentum is still the bearish one.
Stand aside first if you are looing for a long entry.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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USOIL: Nicely Follow as per our predictionAs we mentioned in our previous chart about USOil that it's heading towards its resistance and boom
Straight drop from there hitting all our Targets 🎯🎯🎯
WTI OIL 15-19 MAY 2023 TAFrom my point of view, WTI OIL is currently in a downtrend since the Death Cross occurred on September 8, 2022. The bearish movement may continue if the bulls do not respond. If you plan on buying, the 68.00 level would present an excellent opportunity, but it's advisable not to hold your position for too long. As long as there is no clear indication of an upcoming golden cross, the trend will remain the same, and a reversal may occur at the end of this month or the next. At present, it is recommended to trade based on the price action.
WTI CRUDE OIL: Rebound on Higher Lows expected. Target 4H MA200.WTI Crude Oil is trading around the 4H MA50, testing the harmonic HL trendline as on the previous bottom rebound on March 24th. The 4H technicals turned red (RSI = 39.049, MACD = -0.190, ADX = 28.123), which again is consistent with the March pullback. We are adding a new buy here, targeting the 4H MA200 (TP = 76.50).
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WTI breaks out ahead of US inflation dataWe suspect volatility may be on the quiet side with a US inflation report looming, but this provides the opportunity for markets to consolidate and traders plan trades.
Should we see the pace of inflation to continue slowing, it could strengthen oil prices for two basic reasons.
1 - A weaker US dollar, as traders bring forward rate cut bets / solidifies bets of 5.25% peak rate
2 - Reduces the odds of a recession and increases oil demand expectations
The softer inflation is, the stronger the bullish reaction for oil could be expected.
- WTI futures closed above trend resistance following a bull-flag breakout, which was accompanied by positive-delta volume during the rally to recent highs.
- Prices are now consolidating, but we'd welcome a pullback towards $73 to buy dips in anticipation of a breakout above $74.
- Initial target is $76 (near the upper daily ADR band)
- A move to (and beyond) $77 could be on the cards if we're treated to a weaker-than-expected inflation report
- The bias remains bullish above $72.50
Anyone get some WTI longs?TVC:USOIL
Nice looking longs for the oil traders here.....
Does that mean my gas going up for my car?
WTI CRUDE OIL: Any pull back is a bargain to buy.WTI Crude Oil delivered what was expected, it hit our long term TP = 66.00 and is rebounding after a new Lower Low at 63.65 (S1). The 1D RSI is still very low (35.546) while the 4H technicals just got out of their yesterday's remarkably oversold condition (RSI = 36.200, MACD = -1.970, ADX = 63.277). Our short term target is the 0.382 Fibonacci (TP = 71.25) and medium term the 0.618 Fibonacci (TP = 75.50).
We don't rule out one last pull back and if it happens it will be another bargain to buy low, as it was on March 20th. Regardless of that, the 4H MA50 is always a candidate for rebounds and it can match the 71.25 short term target ideally.
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USOIL signalAs you can see we have a good set up in the market also the market looking for a new levels at the down side in 4H
