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Wtioil

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
WTI Crude Oil: Buy opportunity within a Channel Up.Oil has been trading within a 4H Channel Up (RSI = 46.297, ADX = 36.695) since the October 3rd 51.00 bottom and is currently on its Higher Low zone. This makes it an optimal buy opportunity for the short term. The Highs within the Channel appear to be filling the Lower Lows of the downtrend sequence that led to the 51.00 bottom. Based on this the next Target (Higher High) should be near 55.50 where it will also make contact with the 4H MA200 (orange line). ** 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
WIT Crude Long Term outlook. With the overall move towards more sustainable energy sources, I would certainly expect the demand for oil to diminish over the next 100 years. However, we don't trade off such macro perspectives. While certainly in a downtrend, Crude has been posting some predicable and identifiable chart patterns. A bounce back to test the downtrend line is certainly a possibility. Additionally, the EIA (The US Energy Information Administration) increased its demand forecast for crude in 2020. Baring some explosive trade war news or some other recessionary spark, I would imagine the price to claw its way back up over the next few months. Keep and eye on it over the next few months!
TVC:USOILLong
by HyptoCrypto234