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UKOIL-USOIL

Oil To The APEX, It Hit, Now What:Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough strength to go up from here and not bounce off support at the top of the consolidation rectangle depicted. I’ll check back in at weekly close. 📈Support & Resistance📉* Support Levels 1st Support Zone: 28.82 2nd Support Zone: 24.89 3rd Support Zone: 20.72 Resistance Levels: 1st Resistance Zone: 32.50 2nd Resistance Zone: 37.62 3rd Resistance Zone: 42.11 Price Level Consideration ATH: 147.27 All Time High Half Way Point: 73.64 Prominent High: 65.53 Prominent Low: ZERO 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 77.04 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open:18.86 Weekly Open: 29.78
TVC:USOIL
by LandenInternational
1
Imperfection of the OPEC + deal in the future. Hello, my dear subscribers. Who has read my articles before you should know that the price of oil should cost up to $20 per barrel. The goal is achieved. Now oil is growing on Trump's verbiage, but this is wrong, this is a big mistake, the market does not work like this. The market will punish Trump, the coronavirus has reduced energy consumption and spending, for this reason, the weak companies should leave the market, as in other sectors of the economy. Making artificially high prices in the context of the global financial crisis will be a very bad decision, which will become even more burdensome and difficult in the future, as a result of which oil will cost even less. Trump is very wrong, this is very bad for a sick world!
OANDA:BCOUSDShort
by vinterfrank
1
CRUDE OIL (WTI) STRUCTURE ANALYSIS hey guys, crude keeps growing steadily! the price has easily gone through 18.5 - 20.5 resistance and now it turned to support. our next key daily resistance is 28.6 - 30.6 zone. look for a reversal formation within this area to short. in case of a further bullish continuation, the second resistance will be 34.0 - 36.0 area. if this zone will be reached, the previously mentioned resistance will turn to support as well. the safest trading is always done on key levels. so pay attention to the price action when any of the key zones are reached. good luck!
FX:USOILEducation
by VasilyTrader
24
CRUDE OIL (WTI) WAVE ANALYSIS AND STRONG RESISTANCE AHEAD! hey guys, I noticed this falling trendline on 4H and daily chart and it looks like currently, it provides the strongest resistance for the crude price. from the 20th of February each touch of the trendline led to a strong wave to the downside and this time we may see the same thing. next week pay attention to 19.0 - 21.0 area and look for a signal to short! oil market is still weak so it is still reasonable to be short biased so I will try to sell from the underlined structure. moreover, in case of a bullish breakout of this trendline, we can talk about a change in sentiment on oil market, and shift to a bullish bias! next week will be interesting I suppose, so let's see how it unfolds!
FX:USOILShort
by VasilyTrader
15
Crude clone called Euro?This also needs to be understand by those who think that are trading just euro...Funds lock their positions in EURUSD with those in crude oil! Understanding the OIL, EUR/USD Correlation Read - chigrl1.wordpress.com Most oil exporting countries trade assets in USD, meaning, these countries receive a significant portion of USD inflows from the proceeds of these sales. Thus the foreign currency reserve balances of these oil exporting countries, in a sense, is broadly reflected by the price of oil. We can see this as reflected in the chart below. Up to 2014, reserves increased notably, and then declined considerably as the price of oil fell. However, data also shows that they invest part of their reserves in EUR, as they sell a large share of their production to the Eurozone. Thus, when the price of oil falls, this means that a smaller portion of USD is transferred to EUR, thus contributing to a depreciation of the currency. Inversely, when the price of oil increases, a larger portion is transferred to EUR, contributing to the appreciation of the currency. For this reason, many funds lock their positions in EUR/USD with those in crude oil. Therefore, it is no coincidence that COT data shows crude oil and EUR in lock step.
Education
by ICFX
UK OIL: In a kill zone for a controlled lossI show a broad kill zone on 1D chart of UK Oil. Features: 1. Price coming into a zone of congestion. 2. Double pump on Squeeze momentum - which means movement upward of price is more likely to be a minor rebellion. 3. Price below the ATR line. 4. RSI struggling at this time of publication to get above 50. Short-sellers should not act on this set up unless they can afford serious losses. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
TVC:UKOILShort
by Captain_Walker