Oil Next Move Before Summer This my idea about the current movement on oil
we have seen a big chart aiming at 120$+
But for the moment and in the present situation things need to chill out and gain power and clear path.
we will see increase in prices very soon but this is a time to take the chance of an exploit and benefice from it.
Never trust a candle use your risk and money management very well, you can get money but you can lose it to (don't risk with what you can't lose)
US-OIL
Welcome To 22/02/2022This My idea for the next big movement on wti (us oil) !
i see bullish movement and high price in the near future due to a lot of things that going on in the world right now.
And the first case of this things is to collect back losses from 2020
Don't get involved in the wrong timing or it will be costly for you !
i'm sharing this to give you a general idea only and not to encourage you making a decision !
Good luck.
Oil Possible Top?We've been tracking a count on US Oil and it looks like the intermediate top is in for wave 1, if that's the case we can set up for a nice short trade for the wave 2 coming down to the 75-80 dollars range. If you do want to make this trade we'd suggest putting your stop at 92 dollars with a take profit at 80 giving a very healthy 1:5 risk to reward opportunity.
US Oil (WTI Crude Oil) Analysis and trade IdeaOil has broken structure to the downside, and a return to the originating impulse was expected... and now fulfilled. What now? This video explains identifies the most likely scenarios... and the higher probability movement.
I believe price is indicating further declines, for a shallow pullback on the HTFs.
FOREX WEEKLY FORECAST: GOLD, SILVER, US INDICES, US OILXAUUSD,XAGUSD, NAS100, US30, US OIL.
I mistakenly skipped SPXX.
Going to have to be patient for the swing trade setups, but I do see possible day trades setting up.
Which of these seems the most likely to render us some profits? Let me hear from you in the comments section.
Thanks for your support!
USOIL - SHORT - Channel Resistance Price is within an ascending channel and has hit channel resistance. We could draw up a trendline which has broken. Best way to enter is wait for a correction and enter on break of correction with stops above the correction.
Oil is known as the devils pair so be careful! Trade safe.
USOIL Made a Double Top Pattern Price is in the correction phase, Double Top pattern has been created and the neckline was broken out to the downside. Price pulled back to it and now it seems like it is going to be dropped around the marked area. REMEMBER that the MAIN TREND is UPSIDE and IF price reached to that level, you can enter the long position in the future.
WTI Us Oil => Weekly Forecast Looking Long we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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Check today analysis
Fundamentals
Crude Oil Inventories Expected Reduced
May be Oil Touch 36-38
As It start uptrend by breaking Resistance of 30.
Data Release =>11:30 am Thursday, Eastern Time (ET)
Stay safe everyone
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OIL - A lot of uncertainty here!Hello everyone, as we see, oil has been falling from years, 2014 was the last time we saw oil at 100$ and it is absurd to think, that oil will remain at 20$ per barrel. I have made 3 possible scenarios. First of all, nobody knows when the bottom is and at what price. When we hit the bottom, only the big players will know that this is the bottom, so we can only try to guess. Even if you buy oil at 20$, this is still an amazing price with lots of space to the upside and limited downside.
1st scenario: ( Green arrows ), We have formed a tripple bottom, 20$ is a really strong support that we can't manage to stay bellow it. Opec made a deal to cut oil production and maybe, just maybe they could make another meeting to discuss either more cuts or another way of getting the price up. Another things is if America announces that they will open their borders soon or start the economy, this could also get the price up.
2nd scenario: ( Red arrow ) If we break and manage to hold the price bellow 20$, we would head towards 10$. When the Opec deal happened, the price went down with a few dollars, so even a big cut of production is not enough. If the economy doesn't open soon and the borders remain closed, the demand for oil might go even lower. Right now we don't have any more space to store oil, so the price might infact not recover until we use up all stored oil.
3rd scenario : ( Black line ) Right now the volume is dead, smart money are waiting on the sidelines. We could see some upside around the holidays and some slight recover of the fall after the opec, but then form head and shoulders and fall to around 10-15$.
All we have to do now is wait and see from this point on if we brake through 20$ again, or we get a good bounce. I think that all 3 scenarios are likely, but if you buy now and hold long-term, you will still make a lot of money. I think another fall is more likely though and the bottom would be around 10$ and it will be around May-June, when America and other countries will open their economies and borders again and this will increase the demand, which right now is really low.