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Wticrudeoilsignals

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. Feel free to leave comments and discuss, follow me to make trading easier.
TVC:USOILLong
by Ice_and_Fire1
WTI (CRUDE OIL) shortterm forecastHi dear traders. WTI (Crude OIL) created nice trend channel started from 73.37. Upper border of the channel is 75.60. Although, oil prices is moving between these prices from 16 December, as soon as it will jump to 77.55 level. This is my private opinion and this is good opportunity for buyers. Signal characteristics: WTI will move down firstly, then possibly impulse here. Small impulse will reach to 76.29. Then will come retracement. It will retest 75.80-76.00 secondly. As a resut, second impulse will take us to target. Of course, we need entry, take profit and stop loss levesl for signal: ENTRY: 75.62 TP 77.50 SL 74.25 Signal can reach our target during this week. Do not forget to put Stop Loss because trading without SL is gambling only. This will be non-professionalism. Good luck and follow us ))
TVC:USOILLong
by Forexcues
USOil | New perspective for the week | Follow-up detailA record number of new coronavirus cases in China (the world's highest importer of crude oil) coupled with the inability of the EU to agree on a price cap for Russian oil Crude prices resulted in a plunge in price as the price fell for a third straight week. From a technical standpoint, it is obvious that price action has been caught within a channel ($93.50 and $87.00) in the last couple of months to emphasize the indecision in the market. However, it is worth noting that the lower timeframes reveal that price action has continued to find lower lows and lower highs in the last 3 weeks to signal a possible bearish continuation in the new week but we can not ignore the possibility of a breakout of the bearish trendline to incite a reversal structure. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
WTI Oil Aiming for +99$Hello Traders This week oil price jumped almost +12.5$ from the opening price on Monday and ended in a big green weekly candle. 2 major factors affected Oil prices: 1- OPEC has reduced its production limit. 2- Cold seasons started in Europe and demand for energies such as oil has soared. Technically: 1- Price has broken a falling wedge pattern. 2- Price has made a big green weekly candle. 3- Also the price has made a local higher high indicating a reversal in trend. If you like it then Support us by Like, Following and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
FX:USOILSPOTLong
by FortunaInvestments
My swing Full Margin Setup on WTI CRUDE OILThis setup taught by my awesome teacher, a legendary trader from Malaysia, Mansor Sapari. But man, to get this setup, you need to have a very very strong patience. Of course this setup is not my only setup to trade. In order to get a complete setup: Must have -fakeout -compression -cap price zone -support resistance -supply zone -resistance become support -breakout -double maru candlestick -divergence on MACD/AO -some times it goes well if there's a news (fundamental aspect) Sorry, my english is not very good to explain. But I'll to explain it in video next time. Please help me to grow my youtube channel, I would like to share and help others in trading. I also need to learn more stuff. Search & SUBSCRIBE my channel "The Musician Trader"
TVC:USOILLong
by AlfredFX3_16
1
WTICOUSDThe West Texas Intermediate Crude Oil market initially rally during the trading session on Thursday to retest the 50 Day EMA and of course the previous uptrend line. Because of this, it looks as if the downtrend is intact, and I do think that it is probably only a matter of time before crude oil breaks rather significantly, perhaps reaching the $95 level early during the session on Friday, and maybe even breaking down below there. If we do break down below that level, then I will be targeting the $90 level. The market is going to be concerned about the fact that gasoline demand is dropping, which of course is a situation where perhaps the market had gotten so far ahead of itself that it forgot that the “cure for higher prices is higher prices.” As the world looks likely to head into recession, this is weighing upon the crude oil market because it will drive demand down. There is a structural problem with supply over the longer term, but perhaps a recession might give the oil industry a chance to catch up. As we had been locked down due to the pandemic, it is not a huge surprise that when the economy opened up around the world that the demand shock pulled prices much higher. Now that it looks like the tide is turning, we may see oil drop rather significantly. On the upside, if we were to take out the top of the Wednesday candlestick, then it is possible that the WTI Crude Oil market could go higher, perhaps reaching the $110 level, maybe even the $115 level. All things have been equal, it looks as if oil is starting to lose its mojo, making lower highs along the way. As long as that is going to be the case, then I think that you continue to fade rallies, but you should keep in the back of your mind that oil markets have been extraordinarily volatile, especially with the Russian supply essentially being taken off of the open market. The US dollar has its influence as well, but this market has been rather strong for a while, and now it looks like it is finally running out of momentum. When a market gets parabolic the way this one did, it quite often is a sign of significant overextension.
OANDA:WTICOUSDShort
by SmoothJB
WTI Crude Oil Forecast: Crude Oil Looking for a PullbackThe West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday as we have seen a lot of volatility in various markets. That being said, the market has rallied significantly during the course of the trading session, only to turn around and fall towards the $90 level. That being said, we did up forming a bit of a shooting star, and it does suggest that maybe we get a little bit of a pullback. However, the market has seen a hammer from the previous session, so be interesting to see if we just definitely hang about the $90 level, or if we are going to have a little bit deeper pullback. Quite frankly, I would love to see a little bit more of a pullback, but I do not know that we get it. If we break down below the bottom of the candlestick from the Wednesday session, then I will start looking to pick up this market somewhere around the $86.50 level with an eye on the $85 level underneath being massive support. The 50 day EMA is also reaching higher, and therefore it is likely it will kind of combined to add a massive “floor in the trend.” If we do turn around a break above the top of the candlestick for the trading session on Thursday, then it could open up a move towards the highs. Either way, I do not have any interest in shorting this market, due to the massive uptrend that we have seen, but quite frankly this is a market that is probably due for some type of correction. This will be especially true if the US dollar starts to spike going forward, which obviously has a small influence on this market. I think the only thing you can count on at this point is a bit of volatility as we are at a major level, and of course the markets in general are freaking out about the Federal Reserve and the high inflation that we see. If they slam on the brakes by tightening monetary policy, it could drive down demand in the world’s biggest economy, which has a knock on effect in several other economies. Because of this, crude oil will more than likely have to cool off a bit in order to build up momentum to the upside.
OANDA:WTICOUSDLong
by SmoothJB