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WTI-OIL

ORBEX: US Air Strike Sends Oil and Gold UP!A US airstrike at the Bagdad airport killed Iranian General Qassem Soleimani’s. Not only this is going to increase geopolitical instability in the region but it also questions the legality of the President's decision as he acted without Congressional approval! US-Iran relations are taking a sour turn early in the year following an “extremely dangerous” attack that could set off a war. See how oil and gold have been affected so far and how they are likely to perform in the short-term. Timestamps WTI 3H 01:50 GOLD 3H 04:15 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:XAUUSD
by Orbex
Going short on WTI againAn important thing to note with contraction fakeouts, if they are valid and work out, is that a vicious reversal usually follows. Currently, price action came right back into the contraction and is testing the bottom layer of it, which could easily create a breakout. Later in the day we do get the US Crude Oil Inventories which could be the push the WTI bears :bear: need to start moving lower. As you may notice WTI has strong fluctuations in price, most recently seen on the 18th of November and 29th of November. The two main support areas right now are, 58,450 & 57.850, if we do go short again we would target these two levels. Of course for the definite stop-loss area, we would want to target above the highest pattern high, which is 61.015 ( <-- higher than that price of course, maybe 61.200 or 61.300)
OANDA:WTICOUSDShort
by PrimedGroup
Don't miss the great buy opportunity in USOILTrading suggestion: . There is a possibility of temporary retracement to suggested support line (56.22). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USOIL is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Take Profits: TP1= @ 58.00 TP2= @ 60.95 TP3= @ 66.57 SL= Break below S2
FX:USOILLong
by ForecastCity
2
WTI: Where To Sell??? October was phenomenally good for WTI oil trading. My last target for the long trade is lying on 60 level. Those who are looking for a short trade, focus on 60 - 61 resistance area . this area was respected multiple times by the market in the past and, in my view, it is the safest zone to sell. for now, it looks like bullish tendency will remain and buyers will keep pushing the market to the resistance line of the rising channel . the only minor resistance on their way will be 59.0, we can expect a minor retracement from this level and continuation to the underlined zone.
TVC:USOILLong
by VasilyTrader
2