Growth has exhausted itselfIn the current situation, oil growth is limited. From current prices, the commodity can rush to the level of $ 83.46, where the nearest support is located.
WTI-OIL
NZDCAD H4 - Short SetupNZDCAD H4
Approaching our S/R trading zone at 0.87500 price, possible area to see reversals and a range trade. Seem to be slowing somewhat around this 0.87 whole number, but I image we will break upside.
Always looking to instigate positions from our H4 trading zones, rule #1.
Oil, demark sequentials selloff-signal.In the past decade 4 out of 5 times, Tom DeMarks Sequentials has nailed the trend change in time.
Short any long-spike, look for IHS formation at a longer-term.
Good luck everyone!
OIL Intraday. Aiming 1:10 RRRisk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean.
All trades closed on the same day. Entries on 1 min chart
Mostly trade 12-5pm UK time NY session. Sometimes London Session. Don't like the idea of watching charts the whole day.
WTI OIL turning Parabolic Towards $82.50.Since WTI Oil broke the former two Resistance levels (74.15 and 77.00), the price turned parabolic outside the Channel Up that dominated most of the price action in September. There seems to be a Buy/ Support Zone consisting of the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) and a Resistance Zone on the RSI Higher Highs trend-line.
Technically those two pressure levels should provide the next dip buy and target. I've applied the Fibonacci Channel to assist in finding the target and as you see every Fib extension prices a Higher High (1.0, 1.5, 2.0). Naturally the 2.5 Fib extension is next, I project a Higher High around $82.50.
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OIL TIME BABY !!! WTIWith everyone saying $80, be silly not believe that’s where we’re currently heading, last weeks trade hit full targets!
Looking for a standard break and retest here, something like the above.
Bullish outlook still till we hit at least $80.
7 is not a lucky number for Oil..!Oil struggles to pass 77!
Oil has failed to close above 77 since November 2014. This makes it very hard for oil to pass this level and it could not pass this level in the past 7 tries!
Classically, tensions in the Middle East support the oil price! and it is high at this moment!
Watch Oil prices closely for potential breakout..!
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CRUDE OIL (WTI) Year's High Ahead! Important Update 🛢
Hey traders,
WTI Oil is approaching a key weekly/daily structure resistance.
76.8 - 77.2 is our potential reversal zone.
Being heavily overbought, we may catch a pullback from that.
Our confirmation will be a bearish breakout of a rising channel on 4h.
In case of a 4H candle close below its support, a bearish continuation will be expected.
Goals will be: 74.0/73.0
Alternatively, in case of a daily candle close above the underlined zone, a bullish continuation will be expected.
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CRUDE OIL (WTI) Preparing to Buy! My Trading Plan 🛢
Hey traders,
WTI is approaching daily/intraday zone of demand.
To catch a bullish move with a confirmation,
watch a double bottom formation on 1H.
71.1 - 71.5 is its neckline.
Wait for its bullish breakout (1H candle close above),
they buy aggressively or on a retest.
The first goal will be 72.9
In case if the price respects a neckline and sets a new lower low on hourly, the setup will be invalid.
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west texas goes southunless wti overhighed itself at71.5 - 72.0, it might find it's bounce at 67.5 - 68.0
So let the Force be with you XD
Crude oil Wti short is coming I am looking for oil to make a nice bigger correction on 1h chart its possible for it to make one more move to upside before going but i dont thing so it can make it im looking for only sell opportunity on oil as you see on daily chart oil is in correction channel .
USOILUSOIL
The underlying instrument for USOIL is the light sweet Crude Oil Futures contract which is traded on the CME . West Texas Intermediate (WTI), also known as ...
USOil(WTI) On slippery slopeExpecting the recent appreciation in value to be short lived as price is coming off the monthly resistance. Price is expected to at least reach 59$ before any possible reversals can be argued.
Comment Like Follow Share. Inbox for more info
USOUSD(WTI- Oil) Sell Limitwith Oil trend down, we will sell in weekly.
(dd/mm/yy GMT+7)
Date: 23/08/2021 - 7:54 AM
Oil - Sell limit ( chart Hour 1)
Price: 62.941
Stoploss: 63.971
Takeprofit : TP1: 61.721 - TP2: 60.709
WTI OIL Brent buying areaOIL is going into correction
this is the buying area for the upside move which will come
please like my chart so that I continue posting exclusive ideas
WTI OIL Double bottom at $65?WTI Oil has been trading within a Channel Up on the 1D time-frame since March. Despite the relative weakness we saw in July and so far in August, yesterday the price held on the 65.00 level , which if it holds will be a Double Bottom event.
This is not a formation that WTI Crude Oil is unfamiliar with, as on April 05 it made the very same Double Bottom while being on a corrective wave under the pressure of Lower Highs. Once those broke, the price went on to post Higher Highs within the 1.618 - 1.786 Fibonacci extensions. With the RSI on a Higher Lows much like in April, we expect to see new Highs once the Lower Highs trend-line breaks. Until then you may target the 1D MA50 (blue trend-line).
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8 August : oil can go to 60$ if oil break big trend 65.40 ,can go to daily EMA200
advice =buylimit on 65.45 with sl= 64.70 trailstop=0.50 and buylimit above 60$ with sl=57$ (if open dont close soon hold it 30 day to high)
WTI OIL Golden Cross 1W. One last top before major correction?Last week the Golden Cross (when the MA50 crosses over the MA200) on the 1W time-frame for WTI Oil went unnoticed. Last time we had a 1W Golden Cross was way back in April 2018. This raises an interesting fractal comparison.
As you see the price action when the Golden Cross happens is within a Channel Up both now then in 2018. Interestingly enough, when the Channel Up pattern started on both occasions, the RSI started printing Lower Highs, meaning it was on a Bearish Divergence. In 2018 that ultimately led to a blow-off top. Both sequences hit the $77.00 as their Highs. Does that fractal comparison indicate that WTI has one last dead-cat bounce to make before a major correction? What do you think?
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CRUDE OIL (WTI) One More Bearish Leg?! 🛢️
WTI Oil is trading within a strong daily supply cluster.
Taking into consideration that from the beginning of the month
the market is very sharply bearish, chances are high that the price will start falling soon.
Goals:
70.0
67.7
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WTI OIL needs to break this Lower Highs trend-linePattern: Channel Up on 1D.
Signal: Buy if the Lower Highs trend-line breaks or if the MACD forms a Bullish Cross.
Target: 80.00 (below the 1.5 Fibonacci extension).
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long oil 1WAfter the pullback to the broken resistance ready to climb for the specified goals
(Medium term deal)
