Oil update Buy oil to 86 $ and then we might sell again ill update you
Now its going up but closing the day may go down again
GOOD LUCK
Oiltrading
US Oil (WTI Crude Oil) Analysis and trade IdeaA buy may be setting up.
The highlighted demand zone is expected to hold, as it caused a bullish break of market structure.
So we wait patiently for price to come to our buying zone, then look for bullish price action to confirm and valid entry.
USOIL - WTI Crude Oil - 1Y Chart ReviewToday you can review the technical analysis idea on a 1Y linear scale chart for WTI Crude Oil (USOIL).
The chart shows the price has been moving in a descending channel with the current year (2022) looking similar to 2008. Using the Fibonacci Retracement tool, I estimated the price reviewing the next 6 years showing similarities to the price from 2008-2014. It's important to keep in mind that MACD possible bullish cross may be coming next year as well as upward momentum in the Stochastic RSI. RSI also has room for growth. Prior to the price moving higher, I believe that the price will come down lower sometime next year before moving higher very quickly. This may fall in line with the "recession" and economic challenges the global economy is facing.
As always, this is a prediction with a great deal of possibilities to come as well as my opinions and knowledge included in the chart. Anything is likely at this point!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
USOIL looking up 🦐USOIL on the 4h chart is trading within a descending channel.
After the recent low the market is retesting the previous support now turned resistance.
According to Plancrton's strategy IF the market will break the confluence area i will set a nice long order according to the Plancton strategy rules
-––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Oil update( emergancy)Cross our sell target
What if you sold the 85 , dont close the trade it will come back and then you can close it .
If you dont open trade we wait sometime waiting gives a clear vision and right trade .
THAT WHY I ALWAYS ASK TO TAKE PROFIT
the reason of green candle is some new , we have to watch how it act and then we open trade .
GOOD LUCK
Oil at red line We sell at red line like there is no tomorrow
Over sold in indicators
Over all the consolidation down is occur
GOOD LUCK
80$!! Oil yes Selling oil from 92 $
Now its 83
We continuo selling to 80$ area
The we might change to buyer ill inform when we reach
Keep on touch
GOOD LUCK
Oil sell We still in sell side
You can sell now or wait for 12 hours and sell again
Bearish daily indicators still occur
I prefer one sell from here another from red lineor below a little
GOOD LUCK
Long opportunity for CL Long opportunity for CL
Entry : 77.85
SL : 76.12
TP1 : 86.58
TP2 : 89.75
TP3 : 93.86
If You Like My Idea Support me With Like :)
Crude oil Short Term BearishThe idea here is about crude oil.
I am short term bearish on crude oil due to following observation.
1. Cypher harmonic pattern completed on daily chart.
The Cypher harmonic pattern is a technical analysis formation indicating a price-action reversal.
The Cypher pattern, which can be either bullish or bearish, has five points (X, A, B, C, and D) and four legs (XA, AB, BC, and CD). Like any other harmonic pattern, the theory behind the Cypher chart pattern is that there is a strong correlation between Fibonacci ratios and price movements.
The Cypher harmonic pattern has been historically proven to be a fairly reliable and accurate chart pattern. According to various studies, the pattern has an accuracy rate of around 70%.
2.Stochastic Oscillator
The intersection of two lines is considered to be a signal that a reversal may be in the works, as it indicates a large shift in momentum from day to day.
3.Bollinger Bands
20 day moving average, bands at 2 standard deviations
Looking at the lower band for profit target.
4.On-balance volume (OBV)
OBV shows crowd sentiment that can predict a bullish or bearish outcome.
OBV is on continuous decline.
Last but not least
5. MA 200 over 50 aka Death cross
02 September 2022.
The price was $95.23
Previous cross happened on
02 September 2020
MA 50 over 200 aka Golden cross
The price was $41.40
I am aware that it is little late for the analysis, but i feel there is more to come.
That's what they say "Something is better than nothing".
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.
WINTER IS COMING - BRENT STABLE?This graph is a representation of my point of you of the futures market (USD).
Sell oil again Oil we sell again for 2 hours and take profit maybe before
Now sell
OIL WILL DUMP AGAIN we may see lower low
GOOD LUCK
As the price broke above the downtrend and retested with a HummeAs the price broke above the downtrend and retested with a Hummer candle
Oil update (day trade ) Continuation to down side blue line to take profit and red line to sell
We still have down side , i think to take a best entry wait for US MARKET
GOOD LUCK
WTI CRUDE OIL POSSIBLE TO BUY....
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,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
SAUDI ARAMCO OIL Hello ladies and gentlemen,
according to my chart analysis of Aramco, there is a high probability of a decline toward the $42.50 level in the next few weeks!
We continue selling oilSell oil to next level
We sell the morning dump
Now its still dumping
Bearish day
GOOD LUCK
Buy now but read bellow plsWe buy the first wave down correction to 88.8 $ if its break we continuo up
Take your profit in the morning trade
GOOD LUCK
Extra Cash For Christmas HolidayHey trader, I hope you having a profitable week. If not, try this:
But first, let me explain how these trades will be triggered. If the price bearish bounces off the 4H Half a Bat Neckline, 50 and short-term MA’s with a bullish reversal candle close (1st trade signal), then proceeds to bullish break and retest the (Possible) 4H H&S Neckline (2nd trade signal); according to the 4 Hour: the price would be or have formed a head and shoulde pattern and in prep to rally for its 3-level trend; and according to the daily: the price would be bouncing off the 50 and 8 MA’s - in prep to rally for the double bottoms L1, so once that hapens, then I should BUY → E.1 - E.2
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
USOIL on a bullish outlook 🦐USOIL on the 4h chart after the recent high is moving in a slow retracement to the monthly support.
The market tested the 0.5 Fibonacci level and the main outlook remain bullish .
How can i approach this scenario?
IF the price will break above the resistance area i will look for a nice order according to the Plancton's strategy rules.
-––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Oil zoom out We sell oil at 90
Stuck bellow Moving average No way to go up from here
Just dont want you to get rekt
My long term selling target 2-3 month 61-64 $
GOOD LUCK
Oil update We stay on seller side 84 next
We sell at 92-90 the profit is huge tell me if you sold with me
GOOD LUCK
