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Wticrude

WTI Cude (OIL) SELL TRADE IDEA 💹WTI Crude Oil ⏬ SELL @ 80.99 ✅TP-1# 80.09 ✅TP-2# 79.10 ✅TP-3# 78.10 ⛔️SL 82.00 N.B- If have small balance to trade. Plz avoid OIL trade now. Because market highly volatile. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:USOILShort
by AronnoFx
WTICOUSD continues to rise.....WTICOUSD continues to rise..........But not for long. The analysis shows that, like many instruments, WTI is poised for one last rise. In the short to medium term, further rises could stall. The top of the rising wave sequence that is now forming could be the resistance level of the upper ATR axis. This level is : 87.844 usd . The second part of the corrective fractal shown in the two orange squares is trapped in a narrowing ATR axis wedge. From this, the direction of the breakout could be 50%, so it is advisable to take profit at these levels. Taking a long position is recommended intraday. It is advisable to take an additional LONG position in case the wedge formation formed by the ATR axes is broken from above and retested by the price movement. Currently intraday trade target price : 87.844 usd.
OANDA:WTICOUSDLong
by meszaros
2
Technical analysis update: WTI oil (28th October 2021)On 25th October 2021 USOIL reached our price target of 85 USD per barrel. After that we announced that we would not be surprised to see shortlived correction since USOIL reached overbought condition in the short-term. Now it is clear that price retraced from high of 85.39 USD to as low as 80.62 USD today. It is likely that correction will continue little longer since indicators point to more downside. In short-term we are bearish and we will observe whether support at 80 USD will manage to stop selling pressure. However, in long-term we remain bullish and we think that current price drop presents good opportunity for long position (re)entry. Our long-term price target remains 90 USD. Technical analysis RSI penetrated 70 points to downside. It is bearish. MACD and Stochastic also turned bearish. DM+ and DM- are due to perform bearish crossover. ADX started to decrease from recent peak. Price retraced towards 20-day SMA. We will observe whether price manages to hold above 20-day SMA which would be bullish sign. Overall technical analysis is very bearish for WTI oil. 1-day RSI: Support and resistance Short-term resistance sits at 82.60 USD while major resistance sits at 85.39 USD. Support 1 appears at 80 USD and Support 2 sits at 76.95 USD. Support 3 lies at 74.21 USD. Major support sits at 61.58 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Editors' picks
TVC:USOILShort
by Tradersweekly
66
Elliott Wave count for OILHello everyone, This is my idea for WTI Crude Oil in daily timeframe, 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. 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea. ⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis. ⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis
TVC:USOIL
by fx_iranian_traders
4
OIL SALES? After reaching the 261% fibbo extension, hitting the guideline of the last two highs on the high side, after 9 consecutive weekly green candles and plus the sum of the first low of the uptrend since 60 is a good time to think about sales. no? This last weekly candle has left us a curious wick and the formation of an MHM, apart from all this we have to bear in mind that the price comes with a lot of upward force due to this we have to watch for false leaks at the maximum. I don't want to waste too much. Greetings and good luck.
TVC:USOILShort
by Dajadtrader2
1
WTICOUSDThe West Texas Intermediate Crude Oil market has fallen rather hard to kick off the trading session on Thursday, but as you can see, we have rallied quite drastically to recapture the $82.50 region. By doing so, we ended up forming a bit of a hammer, which of course is a bullish sign. By doing so, I do think that it is only a matter of time before we continue to go higher. After all, we are in a very strong uptrend and that has not changed, despite the fact that we have pulled back over the last couple of days. Looking at this chart, the $80 level underneath is significant support, as it is a large, round, psychologically significant figure. The $80 level underneath has been important more than once, so therefore I think we will continue to pay close attention to it. At this point, I like the idea of picking up bits and pieces of value on dips, as the crude oil market has been so heavily influenced by the reopening trade and of course the fact that we are looking very likely to continue to see demand pick up due to the fact that there was so little in the way of capital expenditure over the last several months, and of course there has been an increase in burn rate. Furthermore, other forms of energy have failed miserably, and therefore power plants are being forced to burn petroleum as well. With the noisy behavior, I think it is only a matter of time before we see this market go looking towards the $85 level. The $85 level is a large, round, psychologically significant figure, and one that will be a target. If we can break above there, then it is likely that this market takes out to the upside. Underneath, the $80 level should offer quite a bit of psychological and structural support, so that being said it is likely that we will see plenty of buyers in that area. The 50 day EMA currently sits just above the $75 level, and it does suggest a certain amount of resiliency and could be the “floor the market” going forward. Regardless, this is a longer-term uptrend, and we cannot fight it. Energy demand will continue to be very strong going forward, and therefore we should continue towards $90 over the longer term.
OANDA:WTICOUSDLong
by SmoothJB
Technical analysis update: WTI oil (26th October 2021)WTI oil continues to rise along with other commodities. Recently, USOIL reached our short-term price target of 82.50 USD and then our medium-term price target of 85 USD. In light of these events we would like to change long-term price target of 90 USD to medium-term price target. In short-term we remain neutral as price of USOIl remains overvalued at the moment. Because of that we would not be surprised to see shortlived correction in WTI oil. Despite that we continue to be bullish on USOIL as rising demand and other fundamental factors support bullish case for it. Technical analysis RSI continues to move sideways in overbought territory. Its current value suggests that price is due to correct which would be very healthy for oil before next climb to 90 USD per barrel. We await reversal in RSI which will be accompanied by selling pressure. However, Stochastic and MACD remain bullish. Though, MACD loses momentum. ADX continues to grow which suggest that bullish trend is very strong and it is possibly nearing its peak. Suport and resistance Short-term support sits at 82.50 USD while short-term resistance sits at recent high of 85.39 USD. Support 1 lies at 80 USD and Support 2 sits at 76.95 USD. while Support 3 appears at 74.21 USD. Then major support sits at 61.58 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
2
WTICOUSDThe West Texas Intermediate Crude Oil market has initially rally during the trading session on Monday, reaching towards the crucial $85 level. The $85 level of course has a certain amount of psychological importance attached to it, so it is worth paying attention to the fact that we have fallen from that level. The market forming a bit of a shooting star suggests that we are ready to pull back just a bit, but I do think there is enough support underneath to keep this market going forward. All things been equal, the market is very bullish, and nothing has changed. I anticipate that there is probably a certain amount of resistance to the $85 level based not only upon psychology, but probably based upon the options market as well. Nonetheless, I do like the idea of pulling back and finding value that we can take advantage of going forward. The $82.50 level attracts a certain amount of attention, and most certainly the $80 level will as well. I think the $80 level is your short-term support level, and therefore I think that is the bottom of the overall range. Keep in mind that there is a major amount of demand for crude oil, and we had also seen a lack of production during the pandemic, so therefore we have a bit of a “perfect storm” for higher pricing as the economies around the world continue to reopen, and of course demand surges for energy. We are not only seen this in the WTI market, but we are seeing it in the Brent market, natural gas markets, and quite frankly even the coal markets. In other words, anything energy related is going to continue to have quite a bit of momentum attached to it. With that in mind, I think this continues to be a “buy on the dips” scenario, and therefore I am not looking for selling opportunities. Longer-term, I do think that we break above the $85 level and go looking towards the $90 level. Looking at this chart, the market has been very bullish, and should continue to be so as we are simply grinding away in a 45° angle, which is a very healthy amount of momentum overall. It is not until we break down below the 50 day EMA that I would consider shorting this market.
OANDA:WTICOUSDLong
by SmoothJB