OIL 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 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...
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)
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...
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 ❤️Please, support this idea with a like and comment!❤️
Pattern: 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). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
After the pullback to the broken resistance ready to climb for the specified goals (Medium term deal)
On 20th July 2021 USOIL halted its decline at 65.11 USD per barrel. Price traveled back to its short term simple moving average. Simultaneously, RSI reversed above 30 points, not piercing oversold line. This phenomenon tends to accompany strong trends of higher degree. In regards to oil it suggests that bullish trend of higher degree remains intact. MACD is...
WTI oil continues to experience selling pressure due to the stalemate within OPEC deal . However, anonymous sources hinted that some form of agreement has been struck between Saudi Arabia and UAE. If true, this would be bullish developement for price of oil. Before the selloff started we stated that selling would cease around 70 USD per barrel. Then price found...
WTI has the biggest drop in 4 months as selloff persisted on a overheated oil prices. However, the price managed to close right above the rising channel, as well as the demand zone at 70. This week, we will attempt to long again at the current level. Should the support fails, we expect the price to retest he previous high at 66.
USOIL keeps rising. Technicals are reaching overbought zone and this could potentionally lead to shortlived correction. Despite increasing odds of correction we remain bullish. We actually think that if correction would to occur it could present itself with attractive entries for long side of the trade. Our new medium price target for USOIL to 77.50 USD per...
we are seeing 3 years high on WTI, I was excited to see it keep going up, but.... I want it to be health... pull back was needed, so this is my trading plan.
Trend trading the constant rallying in West Texas oil, indicators showing a long opportunity with the S/L and T/P based on x1.25 the 14-day ATR. If oil reaches 77 per barrel, this may be the first time in years that it has reached such a level. Fundamentals to consider: - Economies are opening back up, therefore driving demand for oil, up, due to the low...
USDWTI H4 - Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively. Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with...
Top-down analysis on WTI. Price action & structure analysis. Trading plan with confirmation. ❤️Please, support this idea with a like and comment!❤️
Pattern: Channel Up on 1D. Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up. This will be confirmed once the 1D MACD makes a Bearish Cross. Target: The 4H MA200 initially (red trend-line) and the 1D MA50 (blue trend-line) in extension where yuo can shift to a buy. ** Please support this idea with your likes and...
what if history repeat let check level on monthly that could form next sharky plan on wti let say 76.68 as top of summer a retrace to old low and a final rally to new high that the plan