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Crude Oil Brent

Crude Oil (WTI): Update & What to Look At 🛢️ Hey traders, WTI Oil is still coiling around a major rising trend line that we spotted on a weekly. Though we expect a pullback from that, from a current perspective, it is too early to short. The confirmation that you should look for to open a sell position is a bearish breakout of a support line of a rising wedge pattern. Only then a bearish move to 88.6 / 85.0 levels will be expected. In case of a bullish breakout of a trend line on a weekly the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
TVC:USOILShort
by VasilyTrader
19
TS ❕ GOLD: aggressive optionThe metal is also expected to go long, which can potentially greatly strengthen the position of buyers in the market. BUY scenario: Buying from current levels would be quite an aggressive option, but at the same time it would be hard to come up with something more conservative. Unless you wait for the price to close above the level of 1868.855. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
OANDA:XAUUSDLong
by UnknownUnicorn15614419
6
TS ❕ BRENT: longs in priorityThe correction for oil is likely to continue, but longs still remain a priority. At the moment, it is assumed that the price will not rise above 96 -98. BUY scenario: Long from level 94 is relevant now. Current prices, which are just above the 94 level, are also suitable for buying. Target level 96.10. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILLong
by UnknownUnicorn15614419
3
UKOIL Short IdeaOil Markets are currently trading at the highest levels since 2014 after just reaching the 96 area. There has been a small retracement from this high to the current region (93.88). The RSI indicator on the higher time frames show very overbought levels which show that price could fall from this area down to the previous resistance zone. The target of this short idea is the previous resistance level at 90.88, this is a 3% gain for 1% of risk (stop-loss at 94.89).
TVC:UKOILShort
by Orion-Markets
TS ❕ BRENT: time for correction"Black Gold" showed excellent results and the price closed above $94. However, soon the instrument will need a downward correction, at least. SELL scenario: The short entry point is expected to be found at the resistance line of the uptrend channel. You can enter both on a rebound from this line or after a false breakout, which will be a more conservative option. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
TS ❕ BRENT: re-approach The rapid growth of oil continues. After reaching the level of 94, as expected, buyers have not calmed down and are aiming for new highs. BUY scenario: At the moment, longs are relevant, especially from the level of 91.08, where the support line is also located. The price is expected to re-approach the level of 94. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILLong
by UnknownUnicorn15614419
4
USOIL hit blue channel Oil received a reaction from the blue channel, if it does not break the channel, the first target is 92.86 and then 93.82 is expected. I'm using Fibonacci circle , Fibonacci levels , Fibonacci channel to create this analysis ❤️👍🏻 Please support me with LIKE / COMMENT ❤️👍🏻 DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
TVC:USOILLong
by Wolf_of_Trading
17
Technical analysis update: WTI oil (17th January 2022)WTI oil continues to march higher and we continue to maintain a bullish outlook on oil. Our view is supported by a combination of bullish technical and fundamental factors. Currently, we will observe whether USOIL will manage to break above the major resistance at 85.39 USD which will further bolster the bullish case for WTI oil. We would like to set a new short-term price target for USOIL to 85 USD per barrel. Our long-term price target is 90 USD per barrel. Technical analysis - daily time frame RSI is very bullish and due to perform crossover above 70 points (into overbought zone). We expect such a phenomenon to be accompanied by further rise in price. However, after completion of crossover we think it is likely that price will retrace lower before continuing towards a price tag of 90 USD per barrel. MACD and Stochastic are also bullish. DM+ and DM- signal bullish trend. Additionally, ADX exhibits growth which suggests that the prevailing bullish trend is gaining strength. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI is bullish. Same applies to MACD and Stochastic. DM+ and DM- performed bullish crossover recently. ADX undergoes reset as it declines. Overall, the weekly time frame is bullish. Support and resistance Major resistance sits at 85.39 USD while major support lies at 61.76 USD. Support 1 sits at 80.81 USD and Support 2 at 78.28 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
6
CRUDE OIL: Buying A Pullback To Key Support 6-2-2022CRUDE OIL – Futures Price Action: There is no price action signal to note at this time. The recent Bearish Tailed Bar Signal, failed (We did not consider trading this signal and hopefully saved some members on this market). Price moved significantly higher from the prior Bullish Tailed Bar Signal + Inside Bar Breakout Pattern (Combo Setup) that had formed just under the $84.91 – $85.41 prior resistance area – which now acts as a short-term support area, also a minor Event area. Potential Trade Idea 1: For more aggressive traders, we are still considering buying on a retracement lower and after a clear price action buy signal, at or around the $84.91 – $85.41 short-term support area (Minor Event Area) Potential Trade Idea 2: We are still considering buying on a deeper pullback and/or after a price action buy signal, whilst price holds above the $74.17 – $77.46 short-term support area.
NYMEX:CL1!Long
by UnknownUnicorn393254
TS ❕ CADJPY: down movement As previously stated, we should expect the price to approach support 89.935. Current prices make it possible to consider a short trade with the target at the above support. SELL scenario: One can try to sell from current prices, near the level of 90.640. CAD news is expected, so one need to take this into account when placing an order. It is possible that the price will drop much lower than the level of 89.935 on the impulsive movement. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
2
TS ❕ GOLD: rather downBuyers are very likely to complete their hike to the level of 1809.985, from where a rollback should already be expected. The target of the rollback is the level of 1788.960. SELL scenario: One can open shorts at the level of 1809.985. In this case, of course, it is better to wait for the entry point at which the price will not close above this level. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
OANDA:XAUUSDShort
by UnknownUnicorn15614419
9