sell pullback on natural gasslight pause in the market after a bull run. going to pull back to pervious resistance that will become support.
Wticrude
WTI Crude Oil Technical Analysis & Trade IdeaWTI Crude is currently range bound however there is indication of weakness coming into the chart. I'm looking at a potential short opportunity if we get the setup. I need to see a break and re-test of a daily key level. If we break these levels there's a decent price gap we could trade through down to a weekly key level. Not financial advice.
shorrt term sell on oiloil is currently is consolidation, and possibly ready to bust out. it will come back to test this trendline/fakeout of consolidation fakeout before continuation for the buy. selling to trednline, may wick down to trendline to $84.00 area. see small regular bearish divergence
USOIL Price Target for this yeari see a return to the $104 level sooner or later this year caused by the supply concerns and political tensions in Eastern Europe and the Middle East.
There is a possible disruption to European energy supplies because of Russia - Ukraine border crisis.
Crude oil prices will likely stay at the 7 year high since OPEC+ will keep the existing policy of gradual increase of production.
Looking forward to read your opinion about it.
sell short term ngasbroke out of zone and coming back to test before continuation sell. coming back to mini consolidation box
WTI CRUDE OILFor the third week running, WTI Crude Oil made its highest weekly close in 7 years last week and printed a bullish outside bar which looks healthy and suggests a further rise to come. There are bullish signs, and I continue to see WTI Crude Oil as an interesting buy.
Oil looking to make big rise in 2022Crude oil just broke out of long time falling wedge pattern at around the $60.00 area as seem on chart. With inflation at 20 - 30 year highs, war looming, and talks of strikes at the refineries the target of $162.95 area could easily happen. This will cause sky high gasoline prices going into Q2/summer and continuing throughout fall/Q3, I am assuming.
ARIASWAVE - USOIL UPDATE - Complete Analysis for Jan 2022.In this video I breakdown the latest AriasWave interpretation for WTI Crude.
-It would appear that there are some big moves ahead as we head into 2022.
-This particular Wave D is the most complex Zig-Zag which is the same for the Dow Jones.
-We could either be seeing a top forming now for Wave D or it could be happening very soon.
-This analysis helps provide a clue as to where we are at in the greater scheme of things.
In summary: It appears that we will see another steep decline before we see a larger more impulsive move to the upside.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Triangle on WTI, Short on breakdownTriangle formation on short time frame, look for short entry
Key Levels :
81.2 - 81.8 - we might see significant support in this zone
Observations :
1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart
2 - Current formation for a catalyst pattern on breakout is support by trendline parallel to said trendline in point 1
3 - There might be a formation for a ascending triangle / rising wedge / parallel action in the pattern as indicated in the red box
Trade plan :
1 - I prefer to look for shorts entry here, but there is a small possibility for prices to return to trend based on a break up on a symmetrical triangle that has formed. But the current formation favors shorts
2 - I will not enter short here because it can form either a ascending triangle which is preferable or a rising wedge and parallel channel which is less desirable as there's more room for prices to increase
3 - Once entered, will target 81.2 - 81.8 for take profit
Will update accordingly
Fibonacci Buy For USOILCapitulation has been the story today, with most asset classes selling off. USOIL hasn’t been spared as WTI futures are deep in the red. Although the long and intermediate-term biases remain bullish for oil, sellers are winning the day.
A key 38% Fibonacci retracement level is coming into view on the weekly timeframe:
38% Retracement, $79.59
Here’s a potential buy-side trade idea for this week:
Buy USOIL from $79.64
Set stop loss at $79.14
1:1 risk vs reward, profit target @ $80.14
This is a short-term, trend-following recommendation.
WTI USD SHORT entryin daily time frame it formed a double hammer on the top
in 1 hr time frame it formed a ascending flag pattern
wait for the pattern to broken or enter in the top of the pattern
happy trading
wti crude oil currently running down sell and hold the Wii crude oil global update as well as down fall is erected ...........
oil #oil for short here is a trade with sl less than 👌 50 pips on 1 hour time frame tp1 85 tp2: 83 sl : 87.50
Oil Short - 1:10 RR Hi Traders,
Following up on my previous long on Oil we have found some resistance around this area.
I have given a trade opportunity of 1:10 aiming for the 50% fibonacci level and touch of the trendline.
This should be taken with caution as Oil is coming through on a strong trend.
WTI Crude path to 108Looking forward to seeing the Fed hikes rates and after last week's Crude inventories Report was not good.
Path is similar to a Wyckoff accumulation schematic taking place. We will be seeing crude to out liquidity up to the 108 price then resume with a possible long term down trend reversal
God's speed and best of luck to all traders!
WTI -Monthly Analysis Long Term Trend-After breaking its downward trend, oil has entered a new uptrend and is facing resistances of 86.61-100.85 and 121.
Elliott Wave count for OILHello everyone, here's the update for WTI Crude Oil in H1 timeframe, in the last analysis I expected reversal from around 80$ but price continued to raise and seems we are facing with a flat correction, I expect downward movements to begin soon, You can see the details in the chart, If you have any idea or question about this scenario please share with us in comment. I will provide more Elliott wave count daily if you are interested follow us to receive updates.
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USOILThinking we are going to 1st test $86-$88 B4 a sub wave 4 starts and then completes around $78. After that sub wave 4 should end and sub wave 5 should start of the greater wave 5 which ends over $100 plus mid 2022
USDWTI D1 - Short SetupUSDWTI D1
Another bull leg seen here on WTI, pushing in excess of $81/barrel now. Things are looking very good, possible correction wave to be seen before the next push upside.
Looking for rejection and possible short positions from that $85/barrel price. From here we can squeeze a short position hopefully for as much mileage as it offers.
Will USOIL Bearish Wedge Leads To Sell-Off?With the weakening price on USOIL forming bearish wedge, will this wedge attract sell-off from the bears?
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Technical Correction In Oil Had a good Xmas run, it’s not had a true retrace as yet to confirm support from the parabolic run. Negative divergences on RSI and TSI 4 hr and currently back in the rising wedge after a false breakout north.
Im short for now but long for the medium to long term based on supply constraints and various other world and geo political events.
WTI Oil is on Sell mode now.Fundamentally its running over brought mode. Now we can see a sell mode from here.
