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UKOIL-USOIL

CRUDE OIL - Purple War Zone!CRUDE OIL is overall bullish trading inside our brown rising broadening wedge and now approaching the lower brown trendline acting as non-horizontal support, we will be looking for Trend-Following Buy setups. Moreover, the 66.0 is a strong support zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my trading style: I will be looking for a bullish reversal setup. For example, we have a trendline formed on H4 and we are waiting for the buyers to prove control by breaking above the last high in gray. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OLong
by TheSignalyst
1
Cude oil Trend and Wave AnalysisCrude oil chart. My view of this chart is that it is creating an abc flat structure and is currently in wave c. This wave will grow in the form of 5 waves. ukoil ... usoil ... wtioil ... opecoil The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement. This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the take profit and stop loss. Nemodar naft kham va tashkil sakhtar abc flat ke pishbini mishe ta target taeen shode roye chart ghemat dar Ayande roshd kone ke mishe azash dar tahlil joft arzhaye commodity azash estefade kard
O
by Sina-TFX
Crude Oil Elliott Wave Idea - UpdateAn update on below idea: Oil hit the 0.382 extension exactly around $84,07 and has since fallen sharply. In my opinion this is the start of the correction of the move up from the lows in April 2020 to the highs in October 2021 which could end in the $50 to $58 area. Just theorizing here that we're currently in the middle of wave 3 of A where A would complete around $61 before a correction before proceeding down towards that $50-$58 level.
NYMEX:CL2!
by Joseph_King
7
Crude Oil Elliott Wave Idea - UpdateUpdate on an oil theory that started back in November 2020: This idea was that a wave 4 completed at $33, however the move up accelerated and it quickly came apparent that the move up from $33 was not wave 5: In March 2021 I took another look with the idea that $33 was the end of wave 2 and the current impulse was indeed wave 3 that could end around the $77 area before a wave 4 correction: In August 2021 the wave 4 completed and now taking a new high above $76 the 5th wave is confirmed: In my opinion we are now in the 5th and final wave that could end anywhere between $84 and $97, completing either a larger degree wave 1 or wave A, before a larger degree correction.
NYMEX:CL2!
by Joseph_King
1
⭐️WTI: forecast for Oct 25 - Oct 29➡️ WTI Oil quotes are trading at $84.15 per barrel. The bullish trend continues, but the growth is limited at the moment. Positive news background does not stimulate quotes for "black gold" so much. On Thursday, Kuwait began ramping up crude oil production in line with the OPEC+ agreement. Commenting on the situation, Kuwait's oil minister said the country's plan to increase crude oil production covers a common area with Saudi Arabia. The news did not appear to have a significant impact on crude oil prices (no positive market reaction as it was before). As part of the forecast for WTI Oil, it is expected that the price would down to $81 , and possibly go lower. Now the trading balance has been formed (look at the chart), that will indicate the further local direction of price movement. The week closed outside this balance, but if the price returns to the balance, it would fall to $81 . A breakdown of the lower boundary of the balance will mean a test of the $80 level (from where support can be expected). Thanks for your comments and likes 👍
TVC:USOILShort
by TradePlus-Fx
2
UKOIL (Brent Crude Oil) : 1Mn (Update)Last Analysis : Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can break this resistance after 3 years and pave its way to climb or not. Now : The Next Targets are 101$ , 116$ & 128$ This analysis is a check of the chart in a monthly time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 18.Oct.2021 ⚠️(DYOR)
TVC:UKOILLong
by ArmanShabanTrading
Crude Oil Elliott Wave IdeaWorking in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now. The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will begin at the 1.618 level around $77 for wave 4, before wave 5 towards $100. I had a similar idea back when this move from $33 started () that this move could be wave 5 but its flown far beyond those levels and has me thinking this is wave 3 we are in now, and its not quite finished yet.
NYMEX:CL2!
by Joseph_King
4
UKOIL (Brent Crude Oil) : 1Month TFWell, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can break this resistance after 3 years and pave its way to climb or not. ⚠️ This Analysis will be updated ... TVC:UKOIL 👤 Arman Shaban : @Ar_M_An_4 📅 02.Oct.2021 ⚠️(DYOR)
TVC:UKOIL
by ArmanShabanTrading
11
Education excerpt: OPECThe Organization of the Petroleum Exporting Countries (OPEC) The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization with main goal to coordinate and unify the petroleum policies of its member countries. This pertains mainly to securing fair and stable pricing in the oil market; efficient and regular supply of petroleum to consuming nations and fair return on capital to the producing countries. The OPEC was established in Baghdad, Iraq in 1960 by five countries. Founding countries were: Iraq, Islamic Republic of Iran, Kuwait, Saudi Arabia and Venezuela. One year later the organization was joined by Qatar in 1961. After that Indonesia and Libya followed in 1962. United Arab Emirates joined the cartel in 1967 and Algeria in 1969. Then Nigeria became member of the OPEC in 1971, Ecuador in 1973 and Gabon in 1975. Few decades later, Angola joined the OPEC in 2007, Equatorial Guinea in 2017 and Congo in 2018. Ecuador suspended its membership in 1962. However, it rejoined the cartel in 2007. But then again in 2009 Ecuador withdrew its membership from OPEC. Similarly, Indonesia suspended its membership in 2009 and rejoined the cartel in 2016 only to leave it again in 2016. Gabon also suspended its membership in 1995. Although, Gabon reactivated its membership in 2016. Qatar was the last country to terminate its membership in 2019. Current members: 1. Iraq 2. Iran 3. Kuwait 4. Saudi Arabia 5. Venezuela 6. Libya 7. United Arab Emirates 8. Algeria 9. Nigeria 10. Gabon 11. Angola 12. Equatorial Guinea 13. Congo The OPEC's executive organ is called the Secretariat and it is run by the Secretary General. Secretariat was originally established in 1961. It also functions as headquarters for the organization. In the beginning, OPEC had its headquarters in Geneva, Switzerland for five years. However, OPEC's headquarters were moved to Vienna, Austria in 1965. Executive organ is responsible for implementation of all resolutions passed by the Conference. Secretariat also conducts research and fullfills all decisions made by the Board of Governeros. The Secretary General is the representative of the OPEC who simultaneously acts as Executive of the Secretariat. The Secretary General is electable role and its term last three years. Although, there is possibility to renew this term once. The Secretary General is assisted by the Office of the Secretary general and several other officers and staff members of the OPEC. The Office of the Secretary general helps the executive chief of the Secretariat to maintain efficient relations with relevant international organizations and governments. Another important organ of the organization is the Legal Office which supervises legal matters of the Secretariat and provides legal advice to the Secretary General. In addition to that, there is also the Research Division that consists of three departments: Data Services, Energy Studies and Petroleum Studies. The Research Division is responsible for conducting research with regards to the energy and related matters. Infrastructure and services are provided by the Support Services Division. OPEC Fund The OPEC Fund for International Development is international finance development institution that was established in 1976. It consists of 12 members: Algeria, Ecuador, Gabon, Indonesia, IR Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela. Its purpose is to provide financial help to the developing countries and support advancement in these low-income and middle-income countries. Disclaimer: This content serves solely educational purpose.
TVC:USOILEducation
by Tradersweekly
6
CRUDE OIL (WTI) Preparing to Buy! My Trading Plan 🛢 Hey traders, WTI is approaching daily/intraday zone of demand. To catch a bullish move with a confirmation, watch a double bottom formation on 1H. 71.1 - 71.5 is its neckline. Wait for its bullish breakout (1H candle close above), they buy aggressively or on a retest. The first goal will be 72.9 In case if the price respects a neckline and sets a new lower low on hourly, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
5
UKOIL WK1: 150% Gains XABCD setup BUY/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! UKOIL WK1: 150% Gains XABCD setup BUY/HOLD(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: UKOIL WK1 chart review ::: chart is LOG SCALE ::: setup still valid expecting ::: 150% gains final TP BULLS ::: is 175 USD in 2022/2023 ::: XABCD pattern in progress now ::: cycle low for oil market at 20 USD/ bbl ::: BULLS will maintain control ::: 12/24 months as global economy ::: is starting to recovery right now ::: BULLISH CYCLE is ON BUY DIPS ::: DO NOT SHORT yet into BULL MARKET ::: point D is best short 175 USD/ bbl ::: BUY ANY DIPS / final TP bulls is 175 USD/ bbl ::: 150% upside from current market price ::: WAIT for dips and reload (BULLS) ::: recommend to BUY/HOLD ::: recommended strategy: BUY/HOLD ::: bullish super cycle in oil market ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 50USD fresh demand zone ::: 175USD fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS / MORE GAINS ::: Sentiment outlook mid-term: BULLS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILLong
by ProjectSyndicate
3
Weekly Closing Bell (4th September 2021)This is weekly Closing Bell (previously Market Wrap). Here readers can view price of particular securities at market close ending week 3rd September 2021. Commodities (3rd September 2021): Gold (XAUUSD) – Close price = 1827 USD Silver (XAGUSD) – Close price = 24.716 USD WTI oil (USOIL) – Close price = 69.20 USD Brent oil (UKOIL) – Close price = 72.42 USD Forex (3rd September 2021): EURUSD – Close price = 1.18782 USD EURGBP – Close price = 0.85613 GBP EURCAD – Close price = 1.48745 CAD EURAUD – Close price = 1.59375 AUD USDGBP – Close price = 0.72148 GBP USDCAD – Close price = 1.25244 CAD USDAUD – Close price = 1.3416 AUD Indices (3rd September 2021): Nasdaq (NDX) – Close price = 15652.86 USD SP500 (SPX) – Close price = 4535.42 USD DJIA (DJI) – Close price = 35369.10 USD Russel 2000 (US2000) - Close price = 2282.45 USD DAX30 (DAX) – Close price = 15781.200 EUR HSI (HSI) - Close price = 25902.00 HKD Disclaimer: This content is not market analysis. It only serves educational purpose.
CME_MINI:NQ1!
by Tradersweekly
BRENT OIL - Potential Bearish Reversal Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow. BRENT OIL is sitting around weekly resistance in green so we will be looking for sell setups on lower timeframes. on H4: BRENT OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, BRENT OIL would be overall bullish and can still dive inside the green resistance. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OShort
by TheSignalyst
19
Still opening short 64> 1w shortOil has been in profit for about a year at all overnight intervals, and it is time for investors to make a profit. Clearly, oil prices will fall in the coming days and will continue to decline again in the safe haven area. The recent occurrence of the Suez Canal also increases surplus production as oil ships arrive a week later, while other ships are moving a short distance from them, and the arrival of the two together has led to a large market share and Oil prices are falling! temporarily . So be a little smart
TVC:UKOILShort
by jaberzadehamir
BRENT OIL - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow. BRENT is approaching strong resistance in green from Weekly so we will be looking for sell setups on lower timeframes. on H4: BRENT is forming a trendline in red , but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple). Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone) Until the sell is activated, BRENT would be overall bullish and can still test the upper bound of the resistance. And of course, as BRENT approaches our lower blue support, we will be looking for buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
O
by TheSignalyst
45