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USDWTI

USDWTI : INTRADAY VIEWWTI is been consolidating b/w 99-106 and avoiding volitlty since 3 days. But when you look at chart it clearly state that there is strong support and a trend line i.e helping wti sustain above 99. WHAT DOES CHART SAY FOR TODAY(INTRADAY) WTI can take a small dip again to 99-100 taking support and will sustain above the trend line underlying at 98.5 HOW TO TRADE PROFITABLE TODAY? I would suggest buy on dip would be great deal for today. As after taking the support of trend line at 99-100 WTI may enter into uptrend and will change its dynamics from consolidation to Bullish A-B-C patter. You can take a small quantity at 99.5 the accumulating quantity on every dip would be a great DEAL for LONG traders. And for INTRADAY traders 105 would be Profit booking price.
FX_IDC:USDWTILong
by GIRISH-NAVANI
3
Triangle on WTI, Short on breakdownTriangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation for a catalyst pattern on breakout is support by trendline parallel to said trendline in point 1 3 - There might be a formation for a ascending triangle / rising wedge / parallel action in the pattern as indicated in the red box Trade plan : 1 - I prefer to look for shorts entry here, but there is a small possibility for prices to return to trend based on a break up on a symmetrical triangle that has formed. But the current formation favors shorts 2 - I will not enter short here because it can form either a ascending triangle which is preferable or a rising wedge and parallel channel which is less desirable as there's more room for prices to increase 3 - Once entered, will target 81.2 - 81.8 for take profit Will update accordingly
NYMEX:CL1!Short
by ng4312
Oil analysisThe chart you see is on H1. In the last 2 weeks we have seen a decline. We have clear lower peaks and bottoms. After a momentum decline last week, the price found support in the area around $ 59, but we expect to see another decline. We consider the current movement as corrective, which should be limited to 63.30. In case of repulsion, sell trades can be sought with an expectation of 57.70! The minimum stop must be above the previous $ 65 peak LIKE AND COMMENT - this is how you help us!
FX_IDC:USDWTIShort
by ForexTrendline
2
Oil Bearish - MY BEST ANALYSIS SO FAR!!This is a retest of the Hell that broke loose. Ask youself a question...If there was that much selling here, what's the probability that price will fall big the next time price comes here again? If the answer is more than 50.1%, you should probably take the trade. Price might not be guaranteed to fall as far but you've got a clear signal that you could bank at least a little profit in this area. This is what trading is. A game of probabilities. Your job is to trade at times where there is the most probability of price moving big, in a certain direction. Naked trading is just that simple. Trading the bigger timeframes helps keep the markets in perspective. The SECRET is to get out of a trade that looked good but isn't so good after a while. You've got to be disciplined when you know you just need to take the loss. Like in a relationship lol...ALWAYS WIN bigger than you lose! YOU ALL CAN DO THIS! You can use trading to change your life & everyone around you!
FX_IDC:USDWTI
by BillionaireTomBoi
1