USOIL URANUS PROJECTIONLooks like USOIL will reach its peak around the month of July... I don't think a ATH will be put tho as we are in the bearish part of the 21 years uranus cycle...
Wtioil
WTI [H4] Hope Dump for lower oil prices ❤️❤️WTI Hope Dump for lower oil prices ❤️❤️
Now WTI Make Lower high untill now price has been Enter the decision point ⚡⚡
If Breakdown hope price will super dump near price range late last year
Goodluck
TamjaiTrader
oil levels to watchcould bounce from this area lots of support however it looks weak. hopefully pool drops but wouldn't taker much to cause a bounce any news from Ukraine Russia would send it up again
WTI USOIL - H&S within H&S A complete H&S pattern (smaller one) has been completed with neckline broken and re-test done.
If bearish trend continues the bigger H&S pattern should complete as well.
WTI OIL Can the death fractal of 2008 be repeated?We haven't looked into WTI Oil recently, the last post I made was on March 08, calling what I thought at the time as the medium-term peak:
The price did eventually pull-back to the 1D MA50 (blue trend-line) and rebounded as it constitutes the medium-term Support, following the March 2021 sequence.
On a much larger scale though, and since the war isn't over yet and inflation runs wild, I thought it would be beneficial looking at the last time similar conditions were leading the Oil market higher. Sadly, that was during the 2008 peak of the U.S. Housing Bubble.
As you see, today's 2021-2022 fractal can be related to a great extent to the 2007-2008 sequence. If the market dynamics have been indeed aligned as in 2008, then Oil has entered the final phase towards the blow-off top, as it rebounded on its 1D MA50. Now of course, reaching the 2.382 Fibonacci extension around $178.00 for a blow-off top, seems even under the latest aggressive conditions, as unrealistic. But a value around $150.00 as a Higher High to the March 08 shock, could very well be printed.
Do you think the market will follow in 2008's footsteps and if so what is your projected top?
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🛢️ CRUDE OIL - 17% Higher Since our PERFECT Post 🦉💙
Our previous Oil post was perfectly on support. It is now over 17% higher since our entry.
Even more impressively, you may go back to our post on March 3rd:
also here:
and here:
Pure perfection..FXPROFESSOR style
OIL PRICES:
War in Ukraine is the biggest issue here. Inflation equally the other big issue. Then again you know a lot about these 2 factors but there is a third one:
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Talks between Riyadh and Beijing have accelerated as the Saudi unhappiness grows with Washington.
Unfortunately we must keep our eyes open on all these and pray for the best. Situation is not a good one.
Keep safe people.
One Love,
the FXPROFESSOR
OIL trend has changed. Big profits on shortA simple analysis of the trend without indicators just following the basic trendline guidance.
As we see with don't have an uptrend anymore and that will be more clear the next 2 days.
If nothing bad happens again between Russia and Ukraine i think we will go back to the 80-90 dollar region fast.
So we go short expecting huge decline and high profit.
Good Luck to all, hope you all make money this week.
USOIL formed a breakout and retest pack on the 110 resistanceMarket Instrument: USOIL
Timeframe: Weekly
Analysis: Technical
Structure: Resistance Breakout and Pull Back
Prediction: Bullish
USOIL has successfully breached the resistance formed at 110 with a huge buying pressure with the war between Russia and Ukraine. So if the following price action is not going for a fake-out on the breakout formed. Then we may see a continuation of this bull rally towards the next resistance formed close to 146 which has happened during 2008. And fall hard rejecting at the 110 area will invalidate the setup.
There's 90% chance this is the bottom of the $oil pricehistoric falls of oil shows 77% before the next rally. we might be at the end of it. current drop is 77% from near top.
also to notice this is making massive falling wedge, for this to be reality. oil has to close above 20$ on weekly chart. which is most possibly as looking at shorts are very high. short squeez is immanent.
WTI OIL in need of a pull-back to the 1D MA50.One of the biggest (if not the biggest) winner of the current war between Russian and Ukraine, is Oil. Energy crises are almost a certainty in times of geopolitical conflicts involving major producers. Even though it is tough predicting technically WTI prices while war is ongoing, charting past fractals could give an idea to where, at least the next consolidation phase could be.
The price action from November 2021 to today has been so far fairly similar to the sequence from November 2020 to March 2021. Both have gone on a slightly above +100% rise since their November lows. Right now the current 1D RSI sequence is exactly on the February 17 2021 RSI top, which prompted the price to enter a Channel Up that eventually led to a Top two weeks later.
Based on this and of course assuming that the war is entering its final stage and will not escalate into a multi-month conflict involving more countries, WTI Oil may be entering an exhaustion channel that will eventually lead to a pull-back on the 1D MA50 (blue trend-line), which is what happened in March 2021. After that, and depending on how the geopolitical stage will look like, we will re-evaluate our thesis.
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Oil could stop hereTechnically, 0-2 and 2-4 trend lines touched and oil could stop here.
Any push outside of channel by fundamental parameters will return below lines.
CRUDE OIL, Paramount Breakouts + Growing Demand Means Bullish!Hello,
Welcome to this analysis about WTI CRUDE OIL and the monthly timeframe perspectives. Since the Russia-Ukraine-Conflict began we can see many countries upfront with the E.U. sanctioning Russia and preventing Oil exports out of Russia, cutting off all supply chains including oil. These developments mean there is a growing demand for oil and gas on the world market because Russia normally holds 12% of the whole world's oil and gas exports and therefore countries need to move to other sources of oil and gas and as countries, especially in the E.U. have normally almost 40% of their oil and gas imported from Russia there is also a falling supply combined with growing demand on the world market showing the fuel for the steep rising in prices we have seen so far in the recent times. In my chart, you can watch how WTI CRUDE OIL already completed this massive descending-triangle-formation, and now recently with these developments also moved with heavy volatility above the major 10-Year-Resistance marking in my chart. All these developments point to a continuation of the bullish volatility that was established over the recent days, also the main descending-triangle-target-zone marked in my chart has an increased likelihood to be reached with the current dynamics.
In this manner, thank you for watching the analysis, all the best!
Information provided is only educational and should not be used to take action in the markets.
USOILNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
WTI OIL at $100! Best short for the next 12 - 18 months!WTI Oil is among the major gainers of the current geopolitical conflict in Ukraine, hitting the $100 mark for the first time in roughly 8 years. Fundamentally this happens most of the times during periods of unrest or even worse war, such as the one that broke out yesterday. In times like these, it is very useful and most efficient to zoom out of short-term charts and look into the longer term picture. Long-term investors should be particularly interested in what this analysis reveals about WTI's outlook for the next 12 months.
This is on a 1W time-frame and displays Oil's in Eras of 10 years (roughly). The current spans from the June 2014 Top until today and is very similar so far with the one from October 1990 to October 2000. Given the fundamentals of the two periods, with roughly similar geopolitical tensions in a 10 year span, it is no surprise that the Cycles' legs are identical. What's left of the current Cycle is leg (6), which represents a major correction back to the High Volatility Zone, which currently is within roughly the 0.382 and 0.618 Fibonacci retracement levels (as opposed to the 1990s which was within 0.5 - 0.618). This suggests that based on Oil's cyclical behavior, its systemic response should be a correction within roughly $53 - $43. It may seem, and surely is, a long way from the current $100 landmark but so was the $100 target we at Tradingshot suggested back in June 07 of last year when the price was still at $69.20, but clearly had broken above a 13 year Lower Highs trend-line:
In our opinion, as this energy and geopolitical crisis will come to an end, WTI will turn into one of the best sell opportunities for the next 12-18 months.
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WTI Oil Turning Parabolic 82.50Since WTI Oil broke the former two Resistance levels (74.15 and 77.00), the price turned parabolic outside the Channel Up that dominated most of the price action in September. There seems to be a Buy/ Support Zone consisting of the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) and a Resistance Zone on the RSI Higher Highs trend-line.
Technically those two pressure levels should provide the next dip buy and target. I've applied the Fibonacci Channel to assist in finding the target and as you see every Fib extension prices a Higher High (1.0, 1.5, 2.0). Naturally the 2.5 Fib extension is next, I project a Higher High around $82.50.
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USOILSPOT - ShortThe pair has carved out a five wave decline followed by a three wave rally (which could extend a little further). Whether the two big waves are part of an impulsive wave lower (1-2) or part of a zigzag correction (A-B), another leg lower should follow, targeting the 0.8650 support. This idea is viable as long as we trade below the 94.00 resistance.
WTI OIL Head and Shoulders top on the Megaphone?I haven't updated my WTI Oil thesis since the start of the month when I first started calling for a potential market top and a stop to buying activity.
Well this top may have been formed now as WTI has formed a Head and Shoulders pattern, right at the top (with the Head actually slightly above it) of the Megaphone pattern. Also that took place exactly on the Ichimoku Squeeze which was a marker for the prior Higher High of the Megaphone on October 25 2021. On top of all that, the 1D RSI got rejected, in fact made a Double Top rejection exactly on its 77.00 Resistance, which made the rejections of the two previous Higher Highs of the Megaphone on July 05 and October 25 2021.
I am expecting the price to start pulling back this week or by next the latest (depending of course on the Ukraine conflict) and correct towards the 0.5 Fibonacci retracement level and 1D MA200 (orange trend-line) on the medium-term.
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Crude Oil Finds Buyers on Dips | WTIWTI crude oil prices remain on the front foot at around $91.45, up 1.30% intraday while consolidating the first weekly loss in nine during Monday’s Asian session.
Although fears among the energy bulls could be spotted as the key catalyst for the black gold’s first weekly loss in multiple weeks, geopolitical noise surrounding Russia and Ukraine joins the OPEC+ supply concerns to keep WTI buyers hopeful. It’s worth noting that the Fed’s rate hike chatters and inflation woes add to the upside filters of the energy prices.
That said, Ukraine and the West continue to suggest an imminent Russian military attack on Ukraine. However, Moscow rejects the claims. Recently, a Reuters’ witness said, “Explosion was heard in the center of the rebel-held city of Donetsk in eastern Ukraine.” It’s worth noting that a diplomatic meeting between US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov can provide a ray of hope to witness a de-escalation of the geopolitical fears and hence the WTI bulls take a cautious approach ahead of the key meeting outcome.
Elsewhere, the OPEC+, a group of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, struggle to match the output hike promises. Recently, OPEC President Bruno Jean-Richard Itoua mentioned that the oil supply is not now enough and blamed oil companies for not investing enough. "OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday as they gathered in Saudi Arabia, rejecting calls to pump more to ease pressure on prices," said Reuters.
Alternatively, fears of the Fed’s faster rate hikes and inflation woes challenge oil traders at multi-month highs. On the same line is the latest risk-off mood, portrayed by downbeat US Treasury yields and stock futures.
WTI crude oil traders will keep their eyes on the Russia-Ukraine developments for fresh impulse ahead of the key US-Russia meeting late in the week. Should the tension de-escalate, the odds of witnessing a sharp pullback in the oil prices can’t be ruled out.
Technical analysis:
The 21-DMA precedes a monthly support line, respectively around $89.10 and $87.95, to limit WTI pullback. However, firmer RSI and ability to stay beyond key supports, not to forget strong fundamentals, keep oil buyers hopeful to renew 2022 high, currently around $94.00.
- WTI bulls keep reins despite snapping an eight-week uptrend.
- US highlights possibilities of imminent Russian invasion, Moscow rejects claims.
- DXY fails to cheer risk-off mood amid downbeat yields.
- Fedspeak, PBOC rate decision may offer immediate catalysts, PMIs, US PCE Inflation will be crucial.
- It's important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions. Be patient and look long-term wisely and never invest more than you can afford to lose.
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| Review and analysis by Samadi.Finance |
WTI ON CORRECTIVE MOVE - WEEKLY CHART / HARMONIC E.WI wish price will make a corrective wave (4) this coming weeks.
Since Price has reached a new high (3)
Price likely to breach 100 on Fifth wave
S&P500 and WTI OIL remarkable divergence and convergence patternEver since the COVID recovery started, both the S&P500 index and the WTI Oil, have followed similar courses, especially since the start of 2021. There is a very interesting pattern of divergence and convergence, which the two follow on a consistent basis.
As this chart on the 1D time-frame shows, when S&P500 (blue trend-line) diverges from the shared upward path with WTI (black trend-line), within the blue zone, they have always converged back (yellow zone). Ever since mid January 2022, it is WTI that diverged from the S&P500 as the index dropped violently while WTI continued its rapid price growth. Last time this happened was in the mid Feb 2021 - mid March 2021 Divergence, as the other two Divergence Phases, it was the S&P500 that rapidly expanded while WTI was correcting.
Naturally, if this pattern continues to play out, we should now have a new Convergence phase where the two assets cross trend-lines again and continue their course when they will eventually diverge again. This means that we should be expecting S&P to recover while WTI pulls back from its current highs.
Do you think that will be the case? Let me know in the comments section below.
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WTI/USOIL SELLWTI/USOIL SELL, This is what I am looking at, this could be a long term sell if get more downside confirmations.
