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Wtioil

First Post - Let's Go!I'm starting to see a possible H&S on the 4H time frame. Emphasis on the word "POSSIBLE". I entered a short at 46.15 yesterday thinking it would start to descend to the lows of 43 but 46.15 became the new support level but it failed to pass the 48 level which is acting as a possible peak for the second shoulder. Still holding my short from 46.15, I'm waiting till the price hits 46.8 again in a day or two till the second shoulder is complete. When factoring the London lockdown, mutations of COVID, and limitations with aviation, I can only see the FED reserve and the vaccine doing only so much to the OIL price and I am expecting it to drop around the 43 dollar mark. Please LIKE/comment if you support the idea or leave a comment if you disagree. Feedback is always appreciated!
FX:USOILShort
by bhavik3691
Crude oil Holding its GainsThe WTI managed and closed in green yesterday, with a 1.29% increase in values. Bulls were able to maintain a positive note. The market is now eyed towards today's inventory report, where a -2.8M decrease is forecasted. With the risk-on mood, bulls cheer the fresh high last visited on March 2020, aiming to the 48$ mark and getting closer to the 49$ handle at a pre-pandemic mayhem level. The vaccine optimism with the US and UK inoculation by Pfizer/BioNTech continues to be praised by the energy market.
FX_IDC:USDWTILong
by OGFXTRADER
WTI OIL Are we repeating May's Channel Up? Slow rise to $55?This is a strange but quite interesting fractal I found as I was trying to break-down the current Channel Up on the 1D time-frame that WTI is trading in. As you see the current pattern resembles the sequence of May-early June 2020. Both started rising aggressively after the 1D MA50 (blue line) turned into Support. Shortly after the RSI turned sideways and in the case of May/ June, it stayed sideways and consolidated until the end of August. So far we see this RSI consolidation on full display and it leads me to believe that we may have a similar development into early 2021. Is $55 possible by March? What do you think? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
WTI OIL Buy SignalPattern: Ascending Channel on 4H. Signal: Buy as the price just hit again the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence). MACD repeating the Nov 16-22 consolidation pattern. Target: 48.00 (just below the 0.382 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
3
WTI OIL Double entry Buy SignalPattern: Ascending Channel on 4H. Signal: Buy as the price just hit the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence) as the MACD is still open. Target: 48.00 (just below the 0.382 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
5
Oil Stays Near The $45 Level Ahead Of OPEC+ DecisionOil made an attempt to settle below the $45 level but received strong support at $44.45. The nearest support level for oil is still located at $44.75. If oil declines below this level, it will head towards the recent lows at $44.45. A successful test of this level will open the way to the test of the next support level at $43.75. On the upside, the nearest resistance level for oil is located at $45.80. A move above this level will push oil towards the next resistance at the recent highs at $46.25. If oil manages to settle above this level, it will head towards the $47 level.
TVC:USOIL
by FXEmpirecom
WTICOUSD correction approaching.WTICOUSD correction approaching. Continuing my analysis, it can be seen that WTI oil is nearing the end of its third rising wave cycle. In my analysis, I assume that the motion may turn south from the 45-46usd range and the D1ATR will drop to a level of 50.6 to 42.6 usd. Consequently, a profit realization can begin at these levels. I would not start a long position from this level. Of course, the long-term picture may continue to rise, with a target price above US $ 50. While waiting for the correction to another long position, I am thinking of 42-43 usd levels.
OANDA:WTICOUSD
by meszaros
WTI OIL Trading PlanPattern: Channel Up on 4H. Signal: (A) Buy as long as the 4H MA50 is supporting, (B) Sell if it breaks. Target: (A) 43.40 (September 01 High), (B) 40.20 (just above the 4H MA200). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> johnmcal3 --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
2