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USOUSD Oil, continuation higher watch.Good morning/good afternoon TradingView community. Today's video idea is focused on oil as we saw a solid reversal yesterday sellers did their best to get a new leg lower going. Buyers not only stopped the run but put in a solid reversal bar that finished above the 50% point of the previous lower bar. This action has us thinking, could this be the start of a new trend continuation? We are watching to see if buyers can break yesterday's high. A break could be the starting point of confirmation of this idea. The MA and CCi both support further buying, but we really want to see yesterday's high beaten to show that buyers retain momentum. Please check out our video for more detail on our trade idea. Good trading. We hope everyone has a great weekend.
EIGHTCAP:USOUSDLong
by Eightcap
USOIL 16th MAY 2022World oil prices fell due to continued lockdowns in China, the world's top oil importer, sparking concerns about the outlook for oil demand. Asian share markets were struggling to sustain even a minor rally on Monday after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy. The COVID lockdown in China has had a negative impact on the oil market, which was hit by a sell-off along with equities. In my view, if price has breakout from H1 diagonal support area . This is a good opportunity to sell with the target105.2 - 101.8
FXOPEN:XTIUSDShort
by DNP-FX
2
WTI Oil - a case for continued upside. Oil has had a massive bullish run since 2020 which was driven by pandemic followed by post pandemic demand in addition to the more recent geopolitical instability between Russia, Ukraine and NATO countries which accelerated the price to over 100$/bbl. Years of negligible reinvestment into new oil plays by the energy sector and ever expanding demand for oil should allow price to continue to the upside to challenge the July 2008 all time highs. Currently the asset is trading within a range between 126.45-92.20 price levels in what I am interpreting as an accumulation for upside objective of 140$/bbl. There is a possibility for price to sweep under the outlined range to trap breakout short sellers before price accelerates upward and puts a squeeze on the bears.
NYMEX:CL2!Long
by DenisRisticFX
USOIL Crude oil : Russian oil ban, what's next? 4.5The pennant consolidation opened the week with a breakout and a retest confirmation of the breakout. Consolidation took place between Jan - April 2022, With a high of ~128 and a low of ~88. The breakout is a major bullish technical alert, indicating new daily up-trend. Resistance levels on the new up-trend are: *106.80 - 108.50 *114.60 - 116.40 *125 - 127.80 Retest potential to the downside: *Consolidation retest - 100-101.50 *Consolidation support floor - 96.50-98.20 A break below consolidation may lead to trend reversal, but for now bullish indications on full alert! Russian oil sanctions are increasing and we have 1 million barrels a day off circulation as of now, this amount is expected to double soon, Bernard Looney, CEO of BP oil company says. This is a fundamental trigger for the technical breakout. ----------------------------------------------------------------------------------------------------------------- Thank you so much for reading! If you found my idea useful please like and follow - It would truly mean a lot to me. I promise to respond to any and all questions/comments, so don't hesitate! Always be careful trading and make your own research, best of luck. -----------------------------------------------------------------------------------------------------------------
TVC:USOILLong
by Exactus
2
🛢️ CRUDE OIL - The Monday Gap ⚡ ⚡ ⚡ 🍂⚡ ⚡ ⚡ Oil has been rising as expected but the markets will close for the weekend and they will open on Monday... There are some traders out there (including myself) that dare take this kind of trades. Make sure it's a small amount and i high leverage (hero or zero- small special account) Do not try this at home.. Will the prices open Higher or Lower during the weekend? And why? The only answer is Ukraine.. and the news from there are most likely expected to be Bad, or Very Bad. Kinda difficult to have them good (and impossible to have the Very Good) So: We expect Oil to most likely rise and there is a possibility that it opens a lot higher next week. One Love, the FXPROFESSOR News: EU oil ban adds pressure on Russia but obstacles remain : www.aljazeera.com
TVC:USOILLong
by FX_Professor
11
EU sanction will create volumeThere's rumor that EU is planning to ban russian oil until year 2027 gradually to zero. MACD is forming to a right line. As soon as 5 days MACD goes to the top level again. it's time to see another rally of WTI US oil. Price will continue to grow and it could create oil crisis sooner or later. Shanghai and Beijing is trouble with lockdown also, Chinese president Xi Jinping will stop the lockdown soon. Demand is strong and supply is weak. We would know what to do for now.
TVC:USOILLong
by illuminating_trade
1