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Crude Oil Brent

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
UKOIL facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could potentially see a bounce at our 1st support level at 74.01, which is in line with our 38.2% Fibonacci retracement and 23.6% Fibonacci extension and a further rise towards our 1st resistance level at 79.46 which is in line with our 127.2% Fibonacci retracement and 100% Fibonacci extension. It is worth noting that the MACD is above the 0 line, showing bullish pressure in line with our analysis. Otherwise, price may bearish to our 2nd support at 70.86 which is in line with 78.6% Fibonacci retracement and 38.2% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:UKOILLong
by TradeGATEHub
Closing Bell (18th September 2021)This is weekly Closing Bell. Here readers can view price of particular securities at market close ending week 17th September 2021. Commodities (17th September 2021): Gold (XAUUSD) – Close price = 1754.95 USD Silver (XAGUSD) – Close price = 22.404 USD WTI oil (USOIL) – Close price = 71.89 USD Brent oil (UKOIL) – Close price = 75.30 USD Forex (17th September 2021): EURUSD – Close price = 1.17249 USD EURGBP – Close price =0.85315 GBP EURCAD – Close price = 1.49717 CAD EURAUD – Close price =1.61320 AUD USDGBP – Close price = 0.72831 GBP USDCAD – Close price = 1.27699 CAD USDAUD – Close price = 1.3761 AUD Indices (17th September 2021: Nasdaq (NDX) – Close price = 15333.47 USD SP500 (SPX) – Close price = 4432.98 USD DJIA (DJI) – Close price =34584.89 USD Russel 2000 (US2000) = 2222.10 USD DAX30 (DAX) – Close price = 15490.169 EUR Disclaimer: This content is not market analysis. Its purpose is solely informative.
COINBASE:BTCUSD
by Tradersweekly
5
Technical analysis update: USOIL (7th September 2021)USOIL gave up some of its gains from the last week. Currently it trades just below upper bound of downward moving channel. We continue to monitor USOIL closely while we look for any strength and potential breakout above the upper bound of a channel. We think this would be bullish developement for USOIL and it would be followed by another breakout above the short term resistance. We remain bullish on WTI oil. Our short term price target is 72.50 USD and our medium term price target is 77.50 USD. Our long term price target is 80 USD. Technical analysis RSI is flattening. MACD has bullish direction but it remains in the bearish territory. We continue to observe MACD closely while we watch out for crossover above 0 points (to the bullish zone). We previously noted that we expect such developement to further bolster bullish case for USOIL. Immediate support/resistance sits at 69.60 USD. The short term resistance is around 70.50 USD while medium resistance is at 74.21 USD. Long term resistance is at 76.95 USD. Another important price level is at 65 USD. This level now acts as strong support. Then finally major support level sits at 61.58 USD. Weekly chart: Monthly chart: Prior developements from 3rd September 2021: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
2
UKOIL facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could potentially see a bounce at our 1st support level at 72.44, which is in line with our 50% Fibonacci retracement and 61.8% Fibonacci extension and a further rise towards our 1st resistance level at 76.24 which is in line with our horizontal swing high and 100% Fibonacci extension . It is worth noting that the MACD is above the 0 line, showing bullish pressure in line with our analysis. Otherwise, price may bearish to our 2nd support at 69.98 which is in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension . Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:UKOILLong
by TradeGATEHub