Get started

Usoilprediction

Crudeoil (USOIL WTI) Buy & Sell possibilitiesThis is just a rough idea of what i think the market is doing. If you take a look at the chart i posted yesterday after the double top, you will see that market did retrace back to the suggested area before going back down again. I think trend is going to change soon, when exactly is what we're all waiting for. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
FX:USOILShort
by Quinkong
CRUDEOIL(WTI USOIL) ShortOil has hit a resistance at 63.77 but there's no certainity that we have a trend reversal just yet but i do believe we have very good shorting opportunities as i am short biased hence i won't be recommending any buy for now. You can short and TP at any point identified on the chart. My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
FX:USOILShort
by Quinkong
Oil to $67.35/bbl in July, 2019Hey everyone, This is my first published TA (USOIL on the weekly chart) with TradingView. My thoughts on this, is that oil will continue to head to the R1 Pivot Point, as this is used widely among floor traders. Oil companies have taken large hits recently, with oil being in the low 40's before climbing back up. The "happy median" for global oil prices is about $60/bbl. If oil solidly breaks through $60/bbl, I believe we will see oil rise upwards of $67/bbl before coming down. I am calling for July, as this is peak for the summer months when the price of oil is usually highest. From their, I believe we will see a steady downward slope going into the winter months, whereas natural gas will become the next rising commodity. Do keep in mind, oil sanctions did go into effect in 2018, and the USA has become the largest supplier of oil. This should be treated as a "new" market, because past performance had other factors involved, that were not involved in prior years. This "prediction" is going past technical analysis, into a more open-minded price target based on global demand. The RSI is making lower lows, while the price is making higher highs. We do see this divergence. This could potentially cause oil to be oversold (<30), giving it the momentum to drive higher. The other indicator is the MACD lines, showing a solid cross signaling a strong uptrend. Zak
FX:USOILLong
by ZakaryP
Short on oil*Daily candle has been closed under the trend line *Daily candle formed shooting star *Correction FIB 61.8 reached *Strong resistance *OPEC meeting delayed *Russia and the USA is against expensive oil and have made a couple of announcements about leaving OPEC *Correction is needed for further rise I will have my bets on short for the upcoming week. 200-300 pips short to be expected. I need H4 and H1 falling formation, candle or pattern to go short. Let's have the bears have some fun for a while.
FX:USOILShort
by e.achbayar
Crudeoil Short IntradayAfter hitting the lows yesterday, my opinion is that crude oil will once again hit 64 at point B before going down to C before a last leg up into 64 at point D and then back down again. You may take C and D trades, which is an opportunity for buy & short if B plays out. Please not that targets aren't always going to be on point, it may go slight higher or slightly lower and this is an opinion of what i think the market might do. TPs may very well extend much more lower than my targets but those are my targets. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
FX:USOILShort
by Quinkong
WTI Crude Oil Analysis for the week of Feb 25th - March 1st 2019Based on technical analysis alone, we should approach the R1 level this week, and see a down trend. Based on the Day candlesticks, we should see a slight retracement back down to the indicated level of 56.19 (-1.75%) if the trend line is broken. Since the RSI is hovering near the 70 marker, this indicator could point to a negative week. However, on the weekly charts, the RSI is neutral. Key notes: 1.) See previous posting of the long position for oil. 2.) If trendline is broken, we should retrace for the week. 3.) If R1 is broken AND sustained, this will invalidate a short position for the week. This being said, the RSI will most likely go into overbought conditions on the daily chart. This will point to a negative week ahead, instead of this week. There is a lot to look out for. Be patient! Let the trades come to you. Happy Trading! Zak
TVC:USOILShort
by ZakaryP
USOil, Weekly Fundamental Analysis | ForecastsLast week's rally indicates that two events will occur to support the current rally. Firstly, the United States and China must continue to make progress towards a trade agreement, and OPEC must continue to adhere to its strategy to limit production. This is due to the US goal of becoming net exporters while reducing dependence on foreign oil. Despite the series of potentially bullish events, traders remain cautiously optimistic about the upside potential of the market mainly due to concerns over the rise in US production and the difficulties in reaching a trade agreement between the US and China quickly.
TVC:USOIL
by JayRally