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Wtioil

WTI. Upcoming shortHi all. Here’s my view on oil. We’re getting close to the 0.618 zone which is also aligning with the channel. I’ll be looking at shorts here on a lower TF if we reject. As you can see when oil goes it can go quite fast. If you do get into the trade and it goes down you can look at TPs at the bottom of the channel. Breaking 50 has been quite hard with 3 attempts already. This trade setup has a 1/4.5 R/R. As always oil is more volatile than FX so manage your risk accordingly.
TVC:USOILShort
by michaelronnfeldt
Daily chart on OIL- Setup stageTVC:USOIL has recently got on an uptrend but price has reached an important level of FIB levels...Price will see a lot of congestion at this point, like what we are seeing already. I have shown various timelines and important support and resistance levels going ahead. Look for signs if price makes higher highs and higher lows, for confirmation of uptrend. and channel being respected. So far price has respected the centre green zone as support levels on the RSI The chart is self-explanatory . If you like what you read then please share a thumbs up! Cheers
TVC:USOILLong
by LoveForCharts
WTI Oil: Bulls are in charge of the situationHi, Traders ! Monfex is on the air ! WTI Oil Bulls are taking on fresh attack on 200 Daily EMA - at around $57. * The Bulls remain in control over WTI prices, taking actions to break through 200 Daily EMA. * Monday's Doji (bearish) candle with long upper shadow was immediately engulfed by the next day's price action. * Break and close above $57 would be the confirmation of the persisting bullish momentum that had started on the 3rd of October. * Fresh optimism about US-China trade agreement, and less fears of declining global demand due to a trade war, maintain oil prices. * Market will also focus on crude inventories data released on Wednesday. Inventories are expected to rise by 2.7 mln bls, compared to previous week's build of 5.7 mln bls. If inventories come at or below the forecast, this should push oil prices upward. Active trade signal Buy @ $56.5 - $57. Nearest Target: $60. Stop-loss: $55.80. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
TVC:USOILLong
by Monfex_UK
WTI Oil: Sell and Buy entries within the Channel Up.Oil hit our last buy target (57.30) and the 1D Channel Up (RSI = 58.982, MACD = 0.300, Highs/Lows = 1.1300) is near its Higher High trend line. As mentioned since October 16th, the Higher Highs of the Channel are symmetrical with the Lower Lows of September's downtrend (see that idea below): We are expecting a similar price action with a rebound near the 4H MA200 (55.00). Our long Target is 58.50. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:USOIL
by InvestingScope
5
WTI Oil: Long signal on the Higher Low. Golden Cross emerging.Oil has been trading within a 4H Channel Up (RSI = 53.399, MACD = 0.280, Highs/Lows = -0.0057) since the beginning of October. Today the pattern made a Higher Low and naturally the price rebounded above the 4H MA200 (orange line). The expected target is 57.30 which is marginally under the 57.70 Top of the current bullish leg (safer call). If you remember our last call, the Higher Highs of the Channel are symmetrical with the Lower Lows of Septembers downtrend. See how accurately this pattern traded: Also keep in mind that 4H is about to form a Golden Cross (MA50 over MA200) which is a bullish pattern and last time that happened in September 6th, Oil hit the 63.35 High in 10 days. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:USOILLong
by InvestingScope
7
USOIL SHORT UPDATE4hr set up got clapped saw that price was reaching for that last up candle before the down move (in the purple box) that left imbalance marked up the open and the 50% of that candle and market executed at around 54.75-54.70 oil can be very volatile sometimes & this set up happened very quickly but I was quicker #pewpew when you get clapped don't worry just clap back :) my SL is at BE currently letting Gbpusd, audcad, eurcad, oil, and eurchf play out I won't be entering any more trades for today all trades except eurchf are currently running risk free #gang
FX:USOILShort
by helidiaasss
1
USOIL TREND REVERSAL LONG ?USOIL price action testing EMA200 at 54.64$. USOIL closed above green support trend line and EMA 21,50,100. After correction to 50,97$ and bullish breakout at 53.5$. USOIL broken red resistance line with bullish volume respond. Was tested resistance at 54.9$. After that Small correction retest support at 52.37$ price level. Potential bullish breakout up to 56$. Volume: confirm bullish price action. Indicators: RSI above 50 points, MACD bullish crossover above zero line. Bullish sign. S/R: Major Support at 50.5$, Support at 52.5$, Resistance at 54.6$, Major Resistance at 56$. Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
TVC:USOILLong
by blockchaintrends