US Crude Oil 4H :try to retest US OIL
OUTLOOK
Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand.
Technical abstract :
We note that the price of Oil was unable to continue the rise, recording a lower peak and providing signs of a possible return to the downward corrective path, waiting to test the 89.35 level initially, noting that breaking this level will push the price towards the 88.04 areas as a next corrective target.
Therefore, we expect to witness negative trading during the coming sessions, taking into account that breaching 91.52 will stop the expected decline and lead the price to resume the main upward trend again.
The expect range trading for today it will be between resistance line 91.52 and support line 89.35 until stabilized .
Support line : 89.35 , 88.04
Resistance line : 91.52 , 93.02
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Usoilshort
Crude oil: short at high points
Crude oil fell first and did not give short-selling opportunities. Then short-selling can only be considered when it goes up to the support line. The short-selling opportunities in the 90.8-91.6 area were also prompted in the roadshow and in the group (as shown below). . With the sharp counterattack of crude oil, bulls began to save themselves, but eventually gave up most of the gains. At present, oil prices have fallen into short-term shocks, and bulls and bears are expected to compete here. Crude oil is expected to rebound, so it will fall back first and wait for the counter-draw. , as to whether this is a reversal topping stage or a rise relay, currently I personally prefer the first.
The main reason for the rebound in crude oil is that the overall upward trend of wave 3 has most likely ended. Starting from the high point of 92.41, there is a high probability that it will enter the mid-term 4-wave adjustment. The specific breakdown is in wave 4 A of it. Crude oil pressure 90.85~91.45,
2209 USOIL retest top and retest the bottom?Hello traders,
This is 1H chart for USOIL.
It is expecting a sideways price action for USOIL on 1H chart which wont change our view on usoil that it is still on a strong bull trend.
Price got rejected from the top again and now turning down to make a test on the bottom. This is looking like a big ABC move from the top.
Good luck on this selling plan.
LESS IS MORE!
USOIL:Trading strategy
Oil finally fell. When many people thought it would rise, I always believed that oil would fall.
Because since last week, oil prices have been postponed last week because of the joint production cuts by Saudi Arabia and Russia, but the technical indicators show that they have been overbought.
Our medium-term goal is still 86
Short-term trading advice:
USoil:Sell:91-92
TP1:90.1
TP2:89.2
TP3:88
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USOIL:Trading strategy
Oil is the same as I predicted last time, reaching resistance and falling, the lowest falling to my predicted TP2: 89.2
Now oil is rising again, but I think oil will definitely adjust and fall in the end.Medium-term target is still: 86
Short-term trading advice:
USoil:Sell:92.3-92.8
TP1:91.5
TP2:89.9
TP3:89.5
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WTI Crude Oil 4HGenerally if we look at it the direction is bullish, it might do a down retest and it will rise again.
If the direction was under 89.90 it will go down and touch 88.11 , 86.08 then 85,00
But if the direction rised again and stabilized on 90.92 the direction will rise and touch 92.19 , 93.27 then 95.03
Resistance prices: 92.19 & 93.27 & 95.07
Support prices: 88.11& 86.08& 85.00
timeframe: 4H
Crude Oil: Today’s Strategy Trend
The retracement of crude oil indeed exceeded expectations, but the bulls still stubbornly recovered the lost ground in the late trading. Therefore, the bullish position is still the main focus at present. The washout on the way is also the result of the long-short contest. If the price falls back to the point during the day, we will still be bullish. Don’t directly chase long positions in early trading.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. Now it has been subdivided again and has entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure is 90.80~91.50, support is 89.30~88.70.
For crude oil operations, it is recommended to wait for 90.8 to buy, with a target of 90.80~91.50. If it rises directly to 91.50, we will look at the pressure signals and decide whether to buy the top.
Directly empty, ready to plummet to the 80 line
Crude oil is about to plummet to the 80line, if you have any questions, come to me, it is so domineering
Crude oil’s daily line is obviously in the trend of multiple tops, at least a quadruple top. Every time it rushes to around 82, and then is suppressed strongly. At the same time, there is a waterfall downward, and the Bollinger Bands have closed. already empty
WTI Crude Oil 4H (Pivot Price:86.08)
USOIL
stabilizing above 86.08 ill support rising to touch 88.11 then 90.43 then 92.19
stabilizing under 85.00 will support falling to touch 82.96 the 81.14
Pivot Price: 86.08
Resistance prices: 88.11 & 90.43 & 92.19
Support prices: 82.96 & 81.14 & 78.21
timeframe: 4H
USOIL: Range shock, high Sell opportunitySince I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone.
Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and there is no sign of a breakthrough for the time being. The only way to achieve a breakthrough is to see how tomorrow's EIA data performs. Before that, we can just keep selling high and buying low.
At present, crude oil has reached a high of 87.9 again, and the opportunity to short is rare, so I am prepared to sell here and set two targets, 86.8 and 86.1.
USOIL - Expect retracement ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
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USOIL PREPARING FOR SHORT!!Hey Traders,
Here we have another analysis for USDWTI ,
So we expect bearish move in higher TF,
We have two extreme resistance level you can look for short in those areas,
Everything else determined properly on the chart, I will try to share with you my entry setup on USOIL, so make sure you do not miss our analysis,
Any question about USDWTI comment me bellow!
@FxShzd team
CL OIL HEAD AND SHOULDER BEARISH SETUPHello traders it seems like Oil may be taking a bearish turn
here are our bearish clues :
- Break in market structure ( Failed to create a higher high , which indicates that the trend may be reversing) .
- Bearish RSI divergence (Higher Highs on price but lower highs in RSI indicates that buyers are loosing strenght).
- Classic Reversal pattern Head And shoulder in formation
Confirmation : Neckline Break + Retest
Keep in mind that this week is very action packed so be sure to check the fundamentals before entering.
this is my humble opinion not financial advice
XTIUSD( US OIL )LONG term Trade AnalysisHello Traders
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USOIL - Large Scale Distribution at PlayWTI has been steadily appreciating in price since May 2020 with the peak being reached on 08-Mar-2022 at $129.42/bbl. Price swept the critical highs of $114.8/bbl twice then retracted into its current range.
My previous write up on the asset was bullish with continued upside potential up to $140$. Before it got there I was expecting a sweep below the range low at $92.96/bbl before the move higher takes place. We are at that point right now. The sweep under the range occurred on 14-Jul-2022.
From a weekly perspective, the price is trapped in the range as outlined between $129.42 high and $92.96 low.
There are two options, the price continues to trade within the range or price drops below the range toward the $60 level. I prefer the latter scenario as I believe the 28-Feb-2022 and the 07-Mar-2022 weekly candles are exhaustion candles where institutions offloaded the majority of their long positions. A meaningful retrace is expected despite all the geopolitical turmoil as the risks in my opinion are already priced in.
USOIL UPDATEhi all
Oil tested daily support for three consecutive days last week, but it was unable to make a new low and bounce.
So long as the wave doesn't break high (wave B), I think USOIL is making wave B and the next direction is C.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
USOIL:Trading strategy
Oil has now reached the short-term resistance point.
But today we need to pay attention to whether we can break through the previous high.
Usoil Today's trade building:
Usoil:sell84.75-85.25 TP:84.1-83.7
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