Sell OilOil looks bearish on the weekly timeframe and next month looks bearish with possible new lows to bottom area 60.
Oil on the weekly timeframe is in a descending downtrend channel and currently rebounding back from the upper channel of the downtrend at the resistance and supply zone at area 82 and already this week broke previous two weeks lows.
Oilusd
Crude oil💥1D -TIMEFRAME ANALYSISCrude oil💥1D -TIMEFRAME ANALYSIS
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This is my new idea for 💥Oil
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Oil making trend continuous pattern for bullish move Oil making trend continuous pattern for bullish move .
Cup and handle formation indicates that price will go above and make bullish move today.
USOIL Forecast: Position Trade IdeaHey trader,
As you can the price is currently bearish running in the head and shoulders level 2, and below the 50 and bearish crossed short-term MAs. It is preparing to drop for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). But that bias will be fully confirmed once the price has bearish closed and retested below the Daily Neckline and 8 MA (1st trade) or 3rd Weekly Key Lvl (2nd trade), to trigger what I call the "H&S C-E.1 & E.2 signals". However if the price decides to bullish rally to break and retest the 3rd Monthly Key Lvl and 8 MA, the bias will be rejected.
With that said, take the trades at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind if you do so; I'd love to know your thoughts!
That's it for today. I hope you found value from this article. If you wish to see more content on trade ideas and psychology, click the posts linked below. You won't regret it.
Trade Safe,
Sphatrades.
Crude Oil Bullish MomentumHi Everyone,
Sorry For the late update, but here some update for you.:
There is Highly chance to test 93 and then will follow to 103
News:
Highly chance Saudi will join BRICS and US fail to embargo Russia Oil because to many buyers.
GDP grow stronger just some a hours ago.
www.tradingview.com
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.
Falling Oil - $65 price targetVolume indicates the fierce oil sell-off is not yet finished. It seems oil has not held the momentum to continue upwards price action. Ichimoku cloud shows a clear $95 rejection to send price into seller controlled territory and continue the downtrend.
Crude Oil in Daily timeframe. UPDATED !Hi Everyone,
Sorry For the late update, but here some update for you.:
Beware of next move.. there is probability to get rebound and aim 88 - 110 and make range around that after some of country and Russia cut the oil Production.
our last Ideas:
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.
OIL crash: Good NEWSHello traders!
Welcome back to another strategy with analyst Aadil1000x.
Our last week's Buys are in good profit and now there is another Good NEWS where I have figured out a crash in oil price. This is great NEWS and low oil prices will make our everyday life easy and Businesses will run smoothly.
Surety from my side is not less than 100% and I am seeing Oil price below 30$ per barrel. The key line is at 33.13 and it will not reverse from there, it will push it further downside and can touch 28-27.
It will also give a clear buy signal at the bottom and i will post the signal from the perfect bottom. We did miss the peak as i missed the analysis but there is 50% more dip incoming and we will catch the perfect bottom.
SHORT OILOIL USD broke its weekly uptrend channel at $95 which was formed since May 2020 and which confirms we are in a correction downtrend phase.
Currently, expected correction target is into the demand / support zone around area $60.
Crude Oil in Daily timeframe. UPDATEDHi Everyone,
Beware of next move.. high probability to go down after the FED annouce hike of interest rates. (75% probability)
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.
Crude Oil in 1H time Frame.Hi Everyone,
Please see updated 1H chart
High Probability to test the resistance.
my updated from 4H before
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.
Crude Oil in 4H time Frame.Hi Everyone,
Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment.
as we can see the oil will make range until the fed release their new hike Interest rates.
we also need see the next coming geopolitical movement from Russia , China and USA.
The oil embargo will also have an impact on price movements.
first possible range(4h - 1D):
80 - 110 USD
second possible range (4h - 1D):
75 - 103 USD
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.
oil is going to ready to jump oil is ready to complete terminal as c in last lag of flat in d lag of big triangle
buy opportunity in 80-83 dollar for 140 dollar at least
OIL-WTICOUSDOops, I updated the chart today and looked at the chart in the medium term (6H) and realized that we might see this pattern on the chart, then should check twice the chart within the specified range.
But the analysis done on the daily time frame is still valid.
OILUSD(WTICOUSD)All targets are Achieved. Tast's an update.
As I said in the WTICOUSD chart analysis on July 21, the price dropped to the $96 range and started rising to around the price of $104.
USOIL Short: Shooting Star at 4hr Resistance LevelTrend: The overall trend of the chart is downwards.
Candle Sticks: Formation of shooting start at the LH of the chart.
Support & Resistance: Price is testing the 4he resistance area by making an LH with a shooting star.
Reasoning: The formation of a shooting star at the LH of the 4hr resistance area strongly indicate the price will go down.
SL: Place at the previous LH of the chart.
TP1, TP2, TP3: Placed according to the Fibonacci retracement levels.
oil update !oil is in correction , it's maybe is triangle, it can see above $100 one more time and then go to $83-85
but don't forget about next target , above $200 :-)
GOLD 6H TA: TrendLineDue to the trend line chart, it has been broken down and reached the support range. Given this failure, we will have more correction if we lose the support range, otherwise we will increase the price up the price in the next few days with the support and failure of the trend line.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
GOLD can Long again?According to the chart, if it loses the support of the trend line, we will fall to the specified areas, and otherwise, with the support of the trend line, we expect the price to rise to the resistances specified in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
BITCOIN in the Channel, 1HGiven the recent declines mentioned in the previous analysis, now the channel has been formed and the channel floor and the floor have reached its important support that if it loses this range we will have a $ 19700 and $ 18400 fall. And if support the price rise to Midline and the channel ceiling, it is not unexpected.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
OILUSD Bullish Engulfing Pattern on 1Hr Time FrameA clear formation of a Bullish engulfing pattern can be seen by the naked eye on 1Hr time frame of OILUSD. It shows the price will move further upwards in the coming hours.
oil is going to under $85 , but !oil is going to under $85 , but it's a correction for another big move to above $200
Oil Volatility - Trading the ChannelOil is moving higher in a $10-20 channel for the past 3 months.
The respect of the downside trendline support in the past few weeks has led to a reliable rally if we hold lows.
The similar situation on the topside with multiple rallies above 110 failing in recent weeks. The current strategy is to follow Oil from downside to topside support and resistance and vice versa.
Once a big support or resistance holds the turnaround has been clean and once Oil starts to move its becomes fairly aggressive in that new direction.
This means use a stop and more importantly TP on every trade as the reversals are so sharp you can not manually exit at the right level.
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