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Usdoil

WTI OIL This is why it's going to $95.00 if the 1M MA50 helps.WTI Crude Oil (USOIL) has been practically neutral within a Triangle pattern since September 2023, trading under the Resistance pressure of the Lower Highs but at the same time supported by a Higher Lows trend-line. The latter has been placed just below the 1M MA50 (blue trend-line), which is the key to Oil's price action in the coming months. As you can see, even when the price breaks below it, Oil manages to close the 1M candle (month) above the 1M MA50. In fact the last time it closed a month below it was more than 3.5 years ago (January 2021)! As a result, if we manage to close August above it again, we expect a strong rebound for Oil. In fact, a similar Triangle pattern was spotted back in 2011 - 2013. As you can see, after several breakings but also closings above the 1M MA50, it eventually initiated a rally that hit the Resistance 2 level. The 1M RSI sequences among the two fractals are similar as well, so we find no reason why Oil won't stage a similar rally as long as the 1M MA50 keeps holding. Our long-term Target is $95.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
3
WTI CRUDE OIL Two buy entriesWTI Crude Oil hit Support Zone (1) and is rebounding. The pattern has been extremely steady since November and Support Zone (1) has delivered 5 rallies of at least +9.50% each. Trading Plan: 1. Buy on the current market price. 2. Buy near Support (2). Targets: 1. 80.00 (near Resistance Zone 1). 2. 77.50 (mid level structure). Tips: 1. The RSI (4h) is on a Rising Support. A common characteristic of all prior rallies since November. Please like, follow and comment!! Notes: This is a continuation of this trading plan:
TVC:USOILLong
by TradingBrokersView
3
WTI OIL Buy opportunity to 83.00 and 86.00 short-termWTI Oil (USOIL) posted a Bull Flag pattern today similar to September 28 - 30, which is the rebound formation is shares many similarities with. The drop that led to the bottom on both sequences is very similar and you can see that by plotting the September 14 - 26 on November 09 - 18. The 4H MACD is also on the same pattern, it appears that the price is on the cross point (red flag). The target is now the 4H MA50 (blue trend-line) with an early projected hit at 83.00 and the 4H MA200 (orange trend-line) around 86.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
CRUDE OIL Bullish entering DecemberWTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above the 1D MA100 (green line), we can continue buying and aim the 93.75 Resistance, which happens to be on the 0.382 Fibonacci level of the June 14 Top. Being so symmetrical, is why we consider the 0.236 Fibonacci to also be a medium term Resistance as well. A break above the 93.75 Resistance targets the 1D MA200 (orange line), the long term bearish barrier. Follow us, like the idea and leave a comment below!!
TVC:USOILLong
by TheCryptagon
multi-timeframe analysis for #usdcadhello guys! this technical analyze is based on rtm methods and my observation, after that price engulfed that kink we have been waiting for continuing downward movement until first green area that showed as "first target" but when we go to upper time frame like 1D or 1w we see that engulfed as a shadow not a closed candle so there is high possibility to form a higher high that happened and I showed as a "fake out' on chart! last week price break down last support area or kink at flip but it was so week. now we will be waiting for a strong confirmation to get a short position! now let's look at daily chart and its analyze below: in daily time frame we have a mid-term ascending parallel channel , as you can see price will be move until Channel border. so it confirmed targets on first chart now let's look at weekly chart and its analyze below: it is funny but in weekly chart we have a huge double bottom that showed in long term usdcad will be so bullish! wait for it:) as you know first target for double bottom pattern is as wide as height of bottom! now let's look at daily chart of wti ( usoil ) and its analyze below: correlation between wti and cad is so high and in above chart we see that wti is on ascending parallel channel so cad stary strong so usd cad will be bearish in mid term If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Short
by melikatrader94
4
WTIUSD upside WTIUSD broke the counter resistance line for upside Next target 116. Targets. Supports, Resistances on chart. I will love to read your comments. Please put a like and give us your comment. Be carefull, patient and discipline. Good trades to All. ❗ 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. You deserve the profit and you are responsible for your potential loss. Only you can be responsible for your trading. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage. Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
OANDA:WTICOUSDLong
by miketiger