next sell opportunityI consider this scenario and will look for confirmation at indicated levels to short
Wticrudeoilsignals
WTI Crude oil trading strategy on July 12
WTI Crude oil trading strategy on July 12
I give several safe trading areas:
sell:
83.6-84 (scalping. Small profits are enough)
84.3-84.55 (suitable for selling, sl84.8)
buy:
81.6-81.8
80.9-81.2
Trading according to these indicators will allow you to make safe profits.
If you make a profit using my signals. Please join me and give me a thumbs up
Crude oil eyes $80, but resistance loomsWTI is on track for a bullish engulfing week to snap a 3-week losing streak. And as it fell over 17% from the April high, it could pave the way for further gains in the coming weeks. However, there are plenty of resistance levels around the $80 that could spur bears from the side lines.
The May VPOC and VAH sit around Wednesday's high, and the monthly R1 and weekly R2 near the May high. So whilst another crack at $80 seems more likely than note, the $80 area could be an interesting area to fade into.
Strong support sits around $75.50, making it a viable target for bears and area for bulls to reconsider entering for an anticipated move above $80.
USOIL BUYING MORE TILL HIT 123$ HELLO FRIENDS
As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan which is not good for Commodities and Energy sectors.. Investors always look for safe haven in these term and conditions inflation to 2% is now seems a hard Goal. OIL Supply and Demand can creat volotility in markets as we can see Asian regions higher Demand
Friends if we see technically view on USOIL we can see oil breakout on Triangle Zone on Daily Chart and looking for more bullish moves. Time Depends
Friends its just an trade idea share Ur thoughts with us it helps many other traders.
Stay tuned
Global analysis of crude oil trade
Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday.
Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2. In terms of support, focus on the hourly upper and lower rails of 81.7, the 4-hour MA60 moving average supports the 80.8 line, and further focus on the 80 mark below as a defensive support point. Overall, crude oil prices are under pressure and have fallen below the Bollinger Band, with a downward breakthrough more likely.
It is recommended to go short on rallies
WTI Global analysis of crude oil trade
The overall trend of crude oil bottomed out yesterday and rebounded. The MA5 position of the weekly line fell back and rebounded, and the middle track of the daily line did not break below. This shows that the market is still strong. In addition, the conflict between Iran and Israel will boost crude oil, so it is good to be bullish. After all, the current situation in the Middle East is a mess. Crude oil has once again returned to the old point to see a rise, that is, go long around 85, add positions at 84.5, defend 84, and look at 86-87!
WTI Bullish OutlookSince March 2020, crude oil prices have been on the rise with simple Fibonacci 38.2% pull backs along the way ... BUT nothing appears to be able to stop what's coming next.
Per barrel is currently hovering around $90 but the gas pumps and tempers will exceed the charts as we move into mid-2024 on the heels of the 2024 election.
Also included the Elliott waves 1 thru 5 showing the 38.2% retraces with the mid wave showing a perfect 61.8% retrace of it's prior price action. There's no guarantee that the 1.618% extension will occur so the 1.414% at the $180 price point appears to be more probable.
NFA DYOR ... comments welcome.
WTI trade analysis
Crude oil fluctuated upward last week, with the lowest at 86.6 and the highest at 90.7. The weekly closed at 90.3. From the weekly perspective, oil prices will continue to rise. On the daily line, the price fluctuated upward. In summary, the operation ideas this week are mainly callbacks. During the day, The four-hour line fluctuates upward. The hourly line fluctuates in a range. In summary, the main trend during the day is shock and upward. Let’s first look at the 88-91 range.
WTI Upside target 91.5
Crude oil continues to rise in the direction of the trend. Any intraday adjustment before reaching the new target of 91.50 is an opportunity to continue to be bullish in the short term. Of course, since the overall increase has been huge enough, the current space above is limited. Another one is in this round. It is the end of the rise, so it is not advisable to be overly bullish.
The operation suggestion is to wait for 89.50 to buy first line, stop loss at 89, and target 90.80~91.50. If it rises directly to 91.50, we will look at the pressure signals and decide whether to buy the top.
US OIL / WTI Analysis 10Sep2023The movement of US oil has been very bullish in recent months, it seems to be seen to be peak for a few moments ahead. If you look at the Elliot Wave series that occurs, Wave 5 is likely to end. If you want to Short, it's better to wait for prices to fall to the reversal and retrace areas.
WTI trade ideas
Crude oil continued to be bullish last week, in line with the expectation that crude oil will enter a new main rise. At present, oil prices have broken through the previous high point, which once again shows that the current upward trend is not over yet. Therefore, it is useless to say more about the direction of the trend, and continue to be bullish and long.
WYI overall analysis
The overall trend of crude oil yesterday was like a roller coaster, but last night it formed a V-shaped reversal. It fell below the 79.5 resistance within the day and rebounded again, but failed to break through the previous day's low of 77.6. We went long at the low point of 77.6, and successfully ushered in a big rise, with a stop profit of 78.6! From the daily line, the moving average is still in a short position, but the two closing lines are very long, indicating that the double-bottom support below 77.6 is effective, mainly because H4 came out of the stop loss trend and then fell back. A golden cross appeared on the moving average, and oil prices fell. If it breaks through the middle rail, the adjustment of crude oil is over. You can safely look at the points around 78.6, increase your position at 78.1, hold 77.6, pay attention to 79.5-80.1, and continue to increase your position.
US Oil / WTI Analysis 30July2023Following last week's analysis, still in accordance with the price movement for next week. US Oil still looks very bullish with a tilt trend close to 45 degrees and at the closure of the week with full bullish candle shows the support of the buyer is still very strong. The closest target is currently in the price range of 83-84 which at that price is in contact with 2 areas of Fibo Extensions (Fibo Cluster)
WTI OIL / US OIL AnalysisUs oil is quite interesting. The movement is now in accordance with the analysis that I gave a few weeks ago.
There are things that are repeated here, namely the price of forming a curve bullish again. The possibility is the price of bullish is quite high, if we pull the fibo extension, then the possibility of the price of pursuing fibo extensions 1. Fibo Extension 1 is more or less parallel to Fibo Extensions 1,618 from Wave 1. Could be, Wave 3 will move to the area. Take the opportunity to Long when the price is corrected.
$74 could be pivotal for WTI over the near termCommodities were broadly lower yesterday with the CRB index falling to a 4-day low. Geopolitical tensions are rising following Russia’s decision to back out of a key grain deal which allowed Ukraine to export grain through the Black Sea. Weak data from China and news that Libya will restart oil production also saw WTI fall for a second day.
What has caught our eye is that WTI played very nicely with its round numbers yesterday, printing the high of the day at $76, a lower high at $75 and lows around $74. It is also considering the break of a trendline, although unless volatility picks up it runs the risk of moving sideways through it (which is not in the spirit of a trendline break).
Still, $74 appears to be a pivotal level over the near-term. And if prices print a minor bounce, we’d still consider shorts below $75 with a view for it to trade to $73. Take note that it is contract expiration today so we may see spills of undesirable volatility, but overall we want to see which way momentum takes this market next.
🚨 WTI HIGH PROBABILITY SELL SETUP SOON 🚨🚨 WTI HIGH PROBABILITY SELL SETUP SOON 🚨
* Here we can see clearly the next potential moves for West Texas Intermediate Crude Oil, in coming days or week.
* Im thinking there might be a Down Trend Move happening FIRST to form the Inverse Head & Shoulder Reversal Pattern before the Huge Bullish Move to Up Trend.
* I've labelled where i can see the Inverse Head & Shoulder that MIGHT happen or not.
* I've got Multiple SELL trades to look at.
* First SELL position is going to be a quick SCALPING move to execute.
* EP(SELL): 70.263
* TP: 69.910
* No SL provided for this trade, use your own discretion.
* Nest EP(SELL) is for the Next potential Big Drop to form the Shoulder.
* EP(SELL): 69.623
* TP: 68.951
* TP2: 68.016.
* No SL provided for this trade, use your own discretion.
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
WTI Crude Oil Sell TP = 42.67On the weekly chart, the trend started on March 13, 2022 (linear regression channel).
There is a high probability of profit, since the channel is not yet closed. A possible take profit level is 42.67 ( this is the minimum take profit value, but it has a high percentage of payoff ).
But don't forget about SL = 98 .
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
US OIL 3June2023I assume that if wave 2 is complete, and I draw a fibo extension from wave 1 to wave 2, then the distance of wave 3 if we take it at the level of 1.618 it will be parallel to the previous HH level. I believe the price is likely to continue to rise, and will look for the right area to buy.
US OIL 14May2023I see the Gap that occurred a few weeks ago as the initial gap of a bullish trend. if this wave notation matches, and the price doesn't fall more than the invalid area, it's a good idea to look for an area to buy again. most likely the price will go up very much
Oil prices start to rebound, go long?Oil prices bottomed out and rebounded on Thursday, ending a three-day decline. Earlier, there were reports that Saudi Arabia and Russia met to discuss how to strengthen market stability. The two countries continue to promise to abide by the decision to reduce their production target by 2 million barrels per day by the end of 2023; helped by a strong rebound in the financial sector, US stocks closed sharply higher and also boosted oil prices.
However, the risk of spread between banks still makes investors nervous, suppressing their appetite for assets such as commodities, because they fear that further rout may trigger a global recession and reduce oil demand.In addition, market concerns about oversupply still cast a shadow over the outlook for the oil market.The IEA said on Wednesday that commercial oil stocks in developed OECD countries have hit an 18-month high, and Russia's oil production in February remained near the level before the war in Ukraine, despite sanctions on maritime exports.
From the trend point of view, oil prices have recorded a longer downward K-line for two consecutive trading days, suggesting strong downward support. On Thursday, a doji was recorded. The technical indicators are close to issuing an oversold signal. There is still a possibility of short-term volatility in oil prices. Bottoming out; however, before regaining the 70 mark, oil prices as a whole are still running in the air.At present, the initial resistance is near 70. If this position can be further recovered, it will increase the bullish signal in the future.
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Going short on crude oil at 77.8.
At the start of the Asian market on Thursday, crude oil is currently trading around $76.5 per barrel. On Wednesday, crude oil continued to fall as concerns about more aggressive interest rate hikes weighed on economic growth and oil demand, outweighing the larger-than-expected reduction in US inventories. Although yesterday's decrease in crude oil inventories did not cause significant fluctuations in the price and quickly recovered, it shows that the overall trend of crude oil is weak. My trading strategy remains short, with a focus on selling high.
My trading strategy is to short crude oil at $77.8, with a stop loss at $78.6 and a target of around $75.
Investors can choose their own profit-taking points according to their trading style. The above is only a short-term trading perspective. I will notify you promptly if there are suitable opportunities. Liking, commenting, and subscribing are the best encouragement for me. Follow me to make trading simpler! You are also welcome to read my other ideas below.
MCX:CRUDEOIL1!
Waiting for a rebound to go short.
In the early Asian session, US oil traded near $77.20 per barrel. On Tuesday, crude oil plummeted more than 4%, affected by Chairman Powell's speech exacerbating concerns about interest rate hikes and a stronger dollar. Powell stated to lawmakers on Tuesday that the Fed may need to raise interest rates more than expected to respond to strong recent data, which led to a downturn in most financial markets. Today, shorting is favored in crude oil. Strategy suggestion: Sell crude oil near $78.3-$78.5 with a stop loss at $79.2 and a target near $76. I will also give an alert once it reaches the target.
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TVC:USOIL FXOPEN:XAUUSD
Buy crude oil at 78.5.
Trading is about making profits, not about venting frustration or trading for the sake of trading. Therefore, traders must understand what stage the price is at and take appropriate actions. Traders are neither always long nor always short, but always adapt to changes in the market. Traders must have their own defense system to control risks. Risk control and capital management are essential in your trading.
On Friday, oil prices recovered from a brief sell-off, rising more than $1 and the weekly chart also showed an increase, boosted by new optimism surrounding demand from the largest oil importing countries. Friday saw a large bullish rally, closing at a high level, while on Monday prices weakened during trading.
Regarding operations, the key point to watch above the crude oil price is near the 80.5 level, which can serve as a reference for selling. Looking below, the support near the 78.5 level is a good point to buy in with a small position, while the strong support at the 77 level can be a point to buy in with a large position.
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