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Oiltrading

Crude Oil. Winter isWhite Swan Harmonic Pattern Observed. Support & Resistance (8H to 1W) Falling wedge (Contracting) observed on 8H. Bearish Ranging Channel (This can give us the perfect entry) on 8H MACD divergence on Weekly Chart RSI 47 on Weekly Chart EMA 20 crossing over MA200 Last cross was observed on 6 Jan 2022 Looking forward... The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment. Do leave your valuable feedback & comments for any improvisations.
CAPITALCOM:OIL_CRUDELong
by ShoibShafi
XTIUSD...SELL (5% Drawdown)The price of oil per barrel will definitely soar high but I see a chance of sell opportunity before its long momentum, currently looking at a clear sell chance for at least $4 price reduction per barrel of oil. XTIUSD is currently trading in my supply zone....so i expect more sells to jump into this market. NB: All eyes on the breakout zone (blue box region) to accelerate or decelerate rice movements. Red box ( rejection zone) might or will serve as a chance for another entry for sell or a push up to soar price movements high.
XShort
by DAdepa
Nice R:R4 50% long setup for oilHey everyone, after a patient play out of short seen below, finally a long setup popped up on me. I see a finished EW correction topped out by falling wedge formation with bullish divergence on indicators. Markets turning bullish and with Bitcoin and cryptocurrencies , I´m adding in bag some oil longs. This is very nice and conservative Risk:Reward 4 ratio setup Entry: 78-80 USD SL: 68 USD TP1: 100 USD TP2: 120 UD Chachain KEYWORDS Oil , CL1! , R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond
NYMEX:CL1!Long
by Anoinvest
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.
OANDA:WTICOUSDShort
by GMR-Capital
Exxon mobil and other oil stocks are boughtNYSE:XOM PEPPERSTONE:NATGAS Oil stocks usally follow natural gas and the price of oil pretty closly. this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil. recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why?? i belive this is because of very high profits which they got when the price of oil was high and also investors thinking that the price of oil will rebound i think oil is over bought as the underlying asset is down but the Stocks selling those assets arent Not Financial Advice just an opinon fell free to Correct me on any of my points if i didnt see something
NYSE:XOMShort
by Aplex_1
XTIUSD Short Trade from 81.25Basing this trade off of a trendline touch on the weekly timeframe and the weekly 100EMA being aligned. Coupled with the previous high made on XTI's downtrend, makes for solid confluences for an intraday short. I am not expecting crazy pips from the zone but will have a modest target as Friday is profit taking day for institutes. Stops at 43 pips and full tp at 150. Would prefer to see this occur later in the day around 3-4pm GMT. Any criticism appreciated, and if you've spotted this trade too! Happy trading.
SKILLING:XTIUSDShort
by FalkenFx
Oil sellers gearing up for a push lower? Are oil sellers gearing up for a push lower? Hi traders. Thanks for tuning in for today's update. After yesterday's fade, oil sellers remain in control today. Today's video looks at the last several day's price action with a focus on yesterday's and today's selling. Was yesterday's fade a warning that we could see a new test lower by sellers? The main trendline remains intact, and we have seen the fast-up trend broken and a new short-term downtrend start to form. Levels to watch: Resistance 74.90 Support 73.15 & 71.63 A close below 74.15 could set off a new push lower, but if we see a new higher close above resistance, this could be a warning that seller numbers are not that strong. Good trading, and happy Tuesday.
EIGHTCAP:USOUSDShort
by Eightcap
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.
BLACKBULL:WTI
by BlackBull_Markets
4