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WTI-OIL

USOIL/WTI SHORTI understand there is a lot of talk around getting into USOIL/WTI buys. However, looking at the bigger picture is important. As you can see on my below chart, the daily structure suggests taking a short on this commodity. I also like this current consolidation that is making higher highs on the 15 minute chart, as it tells me that my daily structure will be followed. A move higher to my 15 minutes chart is possible but I will remain bearish on this pair until my daily structure has a clean break. Trade safe and good luck!
FX:USOILShort
by UnknownUnicorn216436
1
"Starting the week on USOIL” Multi timeframe view by TAvisionThis is our “Every-Monday” report on USOIL with a full vision over 3 timeframes. 4H CHART EXPLANATION: - Price is on a confluence level (Pullback to TL + Resistance Zone). - Bearish Divergence on MACD. - if price breaks the ascending channel (63.60), it has potential to move down towards the support zone (62.2) - We will be looking for sell setups on lower timeframes. Updates coming soon! MULTI TIMEFRAME VISION: Weekly: Daily:
TVC:USOILShort
by TAvision
OIL Rally Could Break USDCAD Channel & Target 1.29000!With broad USD strength evident as the US-SINO Trade deal nears, we might see OIL prices gain strength as well as global slowdown fears slowly subside. Moreover, OPEC and The US controlling the production of OIL by imposing sanctions and other measures we could see the demand for OIL increase soon. Here in the main chart, we could see the price on the weekly chart confined in an ascending channel supported by the weekly 50 EMA as dynamic support. Should the weekly candle close below the weekly 50 EMA and breach the lower end of the channel we could see the price head for the next support that lies in the region of 1.29000 supported by another ascending trendline! Should the criteria meet, i will post the trade details in a new post. This just represents my outlook on this pair. If you find the analysis useful please drop a LIKE and FOLLOW me for future posts. cheers
Short
by FX618Analysis
US OIl Wanting a test of 65 next week, after a small pull back. We have seen Oil continue to keep driving back towards the highs after the fall in summer. Daily is still showing room to the upside. With a high a chance of pulling back before continuing, I have found an area of value and will be looking for longs from the 63 area, if it fails to hold. Then I will not be holding. Oil is VERY aggressive and could easily take a 200 pip turn on any day it feels like. But, looking through all Tf's and how price has been reacting to previous levels. I like more upside. Lets see!
TVC:USOILLong
by TTG_Tabron
OPEC doing more than we thought possibleSince the start of the year, oil has been slowly and steadily heading higher. OPEC+ has been doing a large amount of production cuts and a subsequent rally has persisted in the market. Even when Crude Oil inventories rise in the US, this has little effect on the price of oil. But more often we see a fall inventories and price rises in reaction to this. Our view of the current oil market is balanced. Price is currently overheated, but this has never stopped commodity prices from rising further. In fact, the more short traders get trapped, the higher price goes as they stop out of their positions. Data is mixed, but technicals are positively bullish. The surprise buildup of inventories barely affected the price. If market sentiment is to turn south, due to negative news from trade negotiations, oil prices could decline along with equity markets. Oil is sensitive to sentiment and seems to be ready for a correction. If you are bullish oil, the target would be the strong fibo level of 61.8% located at $64.00. More likely we will witness a correction which will take oil prices down to $60 before the rally continues.
FX:USOIL
by YaroslavBirchenko
2