WTICOUSDEconomies opening up
Can't see it going any lower, ridiculous
That's my theory : )
Pretty good analysis if you ask me : )
WTI-OIL
cl, oil, day trades idea for May 4th 2020Today after a down move from Sunday open oil has been working in complete balance with a slight skew to the lower side. will be watching the red zone close along with the signals after teh opening of the RTH session.
Closed the gap from 17 AprilThe gap from 17 April is closed and from here, i expect to rise at 25 usd, if the buyers go stronger, I expect a target for 42 usd, if go through 25.
CRUDE OIL (WTI) Potential Buying Opportunity & Trading Plan
Top-down analysis on crude oil.
key levels, potential scenarios, and trading plan explained.
WTI Mid-Term Technical Analysis - Potential and Risk Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to potentially 2.5 and so on. Stop loss should be used accordingly how low depending on how much you are willing to risk. Though that should be pretty clear if you stay up to date on analysis. immediate resistance but according to EMI appears likely to break through both 2.37-.39 and 2.55-6 resistance lines. If it fails to do so you may consider selling to play safe. Read the charts.
bounce off long term support
same bounce with a more current date range
oil, cl, trading for Apr 24th 2020I find it interesting that I got many comments on my call to remain short oil. I would like to expand on this concept. First thing to point out is no one asked me how I plan to short or, and what part of the oil complex i am shorting, and additionally is there anything in the sector I am long.
Second part is the price is low and looks attractive to be long, but the question is how do you get long oil at this time as we deal with a very significant contango situation.
Here is my advice, Be very careful!!! and happy to have private chat and even a chat group to discuss the oil structure o complex.
USOIL / WTI Short selling idea Short selling idea
Short levels : 19.00 - 18.50
TP1 : 13.50
TP2 : 9.50
SL : 20.95
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on own your vision .
To protect the capital and manage your deals and trading successfully
the maximum loss in each trade for the same pair or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
OIL LAST SUPPORT !The WTI broke all the supports, the 20M BPD wasn't enough and the market is discounting this.
I expect more sellers and a touch of the support at $12
From there, the price should go to at least 17/18
$12 a petrol barrel is a long term gift, the same price of a papa john's pizza
WTI - OIL ANALYSES
Oil prices are as shown below :
Peaked at 1 July 2008 -147 $ plummeted to 35 $
Peaked at 1 July 2014 -107 $ plummeted to 28 $
Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $)
Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $
So until July 1 2020 May be long after badly short.
Crude Falls as IEA Report Along with EIA Build Weighs on PricingHeadlines
• EIA Inventories Release Shows Crude Build of 19.248 Million Barrels
• IEA Reports Oil Demand in 2020 to Plummet as Lack of Demand Rocks Markets
• Crude Plummets Below $20 Handle as IEA Shows Expected Demand to Fall
USOIL Analysis Hello Traders,
Here's my analysis for USOIL, seems like its been trading in a triangle
Trade Safe
Analyse on Crude oilThe oil still very bearish! For those who look for buy the oil, I recommend being very cautious and waiting for breakouts of the important levels!!
WTI GOOD SHORT OPPORTUNITY
Hello guys, please support this work by the LIKE
The price is heading to the $20 support level despite of OPEC+ 's agreement to cut the production.
Take a look at the chart for further details.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Make your own analysis before to trade this idea.
Oil WTI, H4 - the end of an irregular correction?In the previous analysis, we mentioned that an irregular correction labeled ABC may appear on the oil price chart. Since then, wave C has ended and the price of oil has started to fall. As a result, the irregular correction may have ended, which in turn may lead to a new downward impulse.
Therefore, the area of USD 28.20 remains an important resistance point and until the level is not broken, the downward trend could be continued.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Crude Retraces to $25 Level in Asia Before Tumble at London OpenHeadlines
• Crude Retraces Some Losses in Asia Finishing Higher
• US Energy Giant Exxon to Cut Capital Spending by 30% Heading into 2020
• S&P Lowers Australia’s Sovereign Rating to Negative as They Expect Country to Enter Recession
WTI LongBullish MACD divergence. We are also at multi year lows. Oil will bounce from here. I would look to accumulate longs.
OPEC Agrees on Cut: Wave 4 Corrective Wave ImminentOccasionally, news can give us an indication on which Elliot Wave we are undergoing and according to Trump (whether true or not the algos surely acted), that Russia/Saudi's have agreed on a cut of 10 million barrels.
This likely confirms a wave 4 corrective up upwards that will linger for the next 2 to 3 weeks overall, to roughly the 40 dollar range where there remains a gap to be filled.
From the roughly 40 dollar range oil will make new lows through the month of May and could fall to 10 bucks. Extreme and violent moves: welcome to a bear market.
Once we get to Easter, it is highly likely oil will make a violent move down and make new fresh lows. While it seems improbable based on the 25%+ imminent move, it is highly probable that this movement actually occurs.
Stay safe and healthy everyone! Remember that the most violent upwards and downwards moves occur in bear markets - not bull markets.
- zSplit
