WTIin the pic u see that our downtrend was broken with good impulsive move out
after that i stay like snake to hunt it
the price come to my zone
now if i see good confirmation i will long wti
Wtioil
CRUDE OIL (WTI): Your Trading Plan For Next Week
WTI Crude Oil is trading in a bearish trend on a daily.
For the entire month of May, the market is consolidating within a horizontal range.
I believe that a bearish trend will continue after a violation of the support of the range.
I am waiting for its breakout to sell the market.
A daily candle close below 75.5 will confirm a violation.
A bearish wave will be anticipated at least to 72.5 level then.
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OIL (WTI) - 4H Three PushThe WTI Oil 4H chart displays a classic bullish reversal pattern, often referred to as the "three pushes" or "three drives" pattern. This pattern is characterized by three distinct attempts by the market to push lower, each attempt being met with increasing buying interest. The current setup shows that after three downward pushes, the price has started to rebound, indicating a potential shift in momentum from bearish to bullish.
The price action has recently broken above the upper boundary of the descending wedge, which suggests a weakening bearish trend and the possibility of a new bullish phase. The target for this bullish movement could be around the $84 level, where previous resistance lies. Traders should watch for continued higher highs and higher lows to confirm the upward trajectory, and consider long positions as the price action aligns with this bullish reversal signal.
Crude Oil / Brent Oil Robbery Plan in Bullish SideMy Dear Robbers / Traders,
This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, Market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
WTI OIL Bullish Divergence aiming higher.WTI Oil (USOIL) has been consolidating within the 1D MA200 (orange trend-line) and the 1W MA200 (red trend-line) for a full month. We have previously seen the same king of consolidation in mid-2023 and then November 2023 - January 2024. On both occasions, the price then entered a medium-term Channel Up.
Also on all occasions, the 1D RSI was on Higher Lows, while the price has been on Lower Lows, which is an indication of a Bullish Divergence. It is the exact same formation that Oil is currently on. As a result, we turn bullish on Crude for the medium-term, targeting $84.00 (just above the 0.618 Fibonacci retracement level and on the Lower Highs trend-line).
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oil (WTI)The right range of purchases with a risk to the right reward!
Stabilization stop below 76,800
OIL (WTI) - 4H Sell SetupIn the past hours, OIL (WTI) experienced a sharp rise driven by news of Iran's president's death, which significantly impacted market sentiment.
This surge allowed OIL to break above the bearish channel and catch the liquidity over the resistance zone, as illustrated on the chart.
However, despite this upward spike, the price action suggests that OIL may continue its downward trajectory within the descending channel.
Traders should monitor this closely as the price looks set to resume its fall, adhering to the prevailing bearish trend.
The liquidity hunting above the resistance zone indicates potential for further declines as the market reverts to its established downward path.
WTI OIL Strong rejection on 1D MA200 but be aware of a break-outWTI Oil (USOIL) made yesterday a strong rejection on the 1D MA200 (orange trend-line), which has been essentially the Resistance since the price broke below it on May 01. Having this level as a Resistance for 3 weeks makes it the strongest sell entry candidate, considering also the fact that this is the top of the 1-month Channel Down, thus a new Lower High.
As long as we don't close a 1D candle below the 1D MA200, we will be bearish, targeting 74.00 (-7.75% decline, similar to both previous Bearish Legs of the Channel Down). If we do close a 1D candle above the 1D MA200, we will take the small loss and target 83.00 (the 2.0 Fibonacci extension). The reason for being prepared for a long position as well, is because the 1D MACD formed a Bullish Cross.
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Crude Oil Bullish Side Robbery Plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is Two Targets Our target is 1 & 2 Danger Logo and Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BRENT. Levels for intraday trading 10.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
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WTI CRUDE OIL: Selling until the end of the month.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 35.492, MACD = -1.060, ADX = 41.641) as it got rejected on the 1D MA200 today. The longer it remains under the 1D MA50, the stronger the selling will be. Being inside a Channel Down similar to October-November 2023 that extended all the way to the 1.5 Fibonacci level, we are expecting selling for the rest of the month. The 1.5 Fib is now just over the S2 level and that is our medium term target (TP = 71.50).
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XTIUSD(CRUID OIL/US OIL): A big move in making worth 2300+ pips!Dear Traders,
Oil completed AB=CD pattern and it is in course of big bullish move. We need more liquidity and volume for price to continue the growth. In coming days, we expect price to hit 85 first and then 90; if price breakthrough that region then we will have a strong bullish price movement which will lead price to hit our final target.
Good luck and happy trading.
USOil Trade IdeaUSOil (WTI) is under pressure, it has retraced into my optimal entry zone on the 4H. Looking to sell at the currrent level with a 2R target. SL above the previuos high. Not financial advice.
Crude Oil: Potential Bullish ShiftOn 4h timeframe, WTI Crude Oil is printing a falling wedge pattern followed by Bearish Divergence on RSI. Potential Reversal Zone is predicted using the AB=CD pattern.
TRADE PLAN
Buy on breakout on previous Lower High.
Stop Loss on previous Lower Low
TP1, TP2 with RRR of 1:1 and 1:2 respectively
WTI OIL Will it continue to drop?WTI Oil (USOIL) gave us an excellent sell signal last week (April 29, see chart below) following the first 4H Death Cross since October 10 2023, which easily hit our Target:
We now need to look at the longer-term time-frames for clues on the direction as short-term it turned bearish. Looking at the 1D time-frame though, we can clearly see that WTI is on a strong Support Cluster consisting of the 1W MA50 (red trend-line) and 1D MA100 (green trend-line). The Higher Lows trend-line that started on the December 13 2023 bottom, is just below.
With the 1D RSI hitting its 30.00 oversold level and rebounded, we are bullish short-term, targeting 84.00 (the Lower Highs trend-line). If however we close a 1D candle below the Higher Lows, we will take the loss and turn bearish instead, targeting 71.00 (the 0.236 Fibonacci and just above the 3-year Higher Lows Zone. The risk is low on this strategy.
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WTI Running wellThe previous setup i shared about WTI is confirmed and actally is running pretty well. I expect a continuation to the upside till the resistance area at $81.5 before a possible retrace. On lower timeframe we can see a bullish divergence and a break above bearish trendline. Expecting higher
WTI On supportWTI is sitting on major support area. On smaller timeframe we can see a lower low here, and if it's going to bounce it should be from there. I expect a reversal pattern today with a continuation of the upside moves next week. Main target from the long $83
OIL - WTI 4H BullishWTI Oil has indeed finished its second leg and retracted back to a significant order block zone.
This is often a signal for potential accumulation before another ascent.
Based on current patterns, it's poised to climb back up towards the previous decline pivot, setting up an interesting play for those watching the oil markets.
WTI OIL 1st 4H Death Cross in 7 months. Will it turn bearish?WTI Oil (USOIL) made a solid (Higher) Low at the bottom of the Channel Up pattern and started rising as we discussed on our previous idea (April 22, see chart below):
We now need to take it a time-frame lower to 4H as on Friday the market formed the first 4H Death Cross (4H MA50 crossing below the 4H MA200) in almost 7 months (since October 10 2023). This has the capacity to invalidate the current 4-month bullish trend but only if Oil closes a 1D candle below the 1D MA50 (red trend-line).
As long as it doesn't, we remain bullish on WTI, targeting 94.00, which is at the top (Higher Highs trend-line) of the Channel Up and marginally below the 2.0 Fibonacci extension, which is where the previous Higher High peaked.
At the same time, this is where the the previous Channel Up of July - September 2023 made the symmetrical Higher High, relative to the current proportion. As you can see, there is a strong degree of symmetry between the two fractals, even in terms of RSI, with the only notable difference (which as mentioned can be critical), being the 4H Death Cross.
If the price does close that 1D candle below the 1D MA50, we will take the loss on the buy and go short instead, targeting 78.00 (just above Support 1).
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WTI looks set to bounce above $80Oil prices have retraced just under 8% from the MTD (month-to-date) high. And it looks like the market is trying to stabilise around a support cluster, just above the $80 handle. The cluster includes the 50-day MA, high-volume node and prior consolidation zone.
A small doji also firmed around these levels to suggest a swing high has formed, or very near.
A bounce to $84 could be on the cards as part of a technical retracement against its prior move lower. Bulls could enter live around current levels with a stop beneath $80, or seek dips towards it in anticipation of an eventual move higher to increase the potential reward to risk ratio.
WTI OIL On the 1D MA50 & bottom of the Channel Up.WTI Oil (USOIL) hit the 1D MA50 (blue trend-line) today for the first time since February 07 and touched the bottom of the long-term Channel Up, forming a Higher Low. This is only 2 weeks after the formation of a 1D Golden Cross, the first since August 22 2023.
That Golden Cross was also formed during a correction, which eventually kept the 1D MA200 (orange trend-line) intact and initiated a new Bullish Leg towards the 2.0 and 2.382 Fibonacci extensions.
As a result, we remain bullish as long as Oil closes 1D candles above the 1D MA200, and target $94.00 (Fib 2.0 ext). If it closes even a single candle below it, we expect a new long-term Channel Down, similar to the one that was initiated after the September 28 2023 High, and we will take the small loss, open a short and target 71.50 (Support 1).
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Oil Prices: Geopolitical Tensions and Market DynamicsOil prices have once again surged, reaching nearly $88.00 per barrel, despite a recent minor decline. This uptick in prices is occurring amidst a backdrop of geopolitical tensions and a strengthening US Dollar. However, amidst this volatility, it's essential to dissect the various factors influencing oil prices, from geopolitical unrest to economic forecasts and technical indicators.
Geopolitical Tensions and Market Sentiment:
Geopolitical tensions often act as a catalyst for oil price volatility. Conflicts in oil-producing regions can disrupt supply chains and lead to uncertainty in the market. Recent geopolitical events have heightened concerns, contributing to the surge in oil prices. However, it's crucial to note that while geopolitical factors can trigger short-term spikes, their long-term impact is contingent on broader market dynamics and economic fundamentals.
Impact of Economic Forecasts and Electric Vehicle Market Growth:
The International Energy Agency (IEA) recently revised its oil demand forecast for the current year and the next, citing a lackluster economic outlook and the growing market share of electric vehicles (EVs). This adjustment underscores the evolving landscape of energy consumption, with EVs exerting pressure on traditional oil demand. As such, forecasts of slower growth in oil demand highlight the need for adaptability within the energy sector.
Technical Analysis and Trading Strategies:
Technical analysis plays a pivotal role in navigating oil price fluctuations. Assessing indicators such as the Relative Strength Index (RSI) and Fibonacci levels provides insights into market sentiment and potential price movements. Currently, the confluence of signals, including RSI divergence and overbought conditions, suggests caution. Additionally, the absence of a significant retracement to the 78.6% Fibonacci level warrants a strategic approach to setting stop-loss levels and identifying potential entry points.
US Dollar Strength and Interest Rate Differentials:
The recent rally in the US Dollar Index (DXY) underscores market expectations of a widening interest-rate differential between the Federal Reserve (Fed) and other central banks. This divergence in monetary policy influences currency movements and has implications for commodities priced in dollars, such as oil. Understanding the interplay between currency dynamics and oil prices is essential for informed decision-making in trading and investment strategies.
In addition to fundamental and technical analyses, seasonality patterns offer valuable insights into market behavior. By examining historical price trends during specific times of the year, traders can identify recurring patterns and optimize their trading strategies accordingly. Incorporating seasonality analysis alongside other analytical tools enhances the robustness of decision-making processes and mitigates risks associated with market volatility.
