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Wtioil

Oil: Monthly Equilibrium, Break Coming!Hello dear energy sector fans & oil traders, hope you're doing well! ;) Welcome to this special analysis on the WTI Crude Oil. On the monthly chart we're currently inside a nice Equilibrium/tightening range , which will see a breakout coming towards the end of this year. This Equilibrium is also perfectly visible on the Weekly chart: => A break of the range highs at $60 could lead to $65 and $75, giving 5-25% profit. A break of the range lows at $52 could lead towards $45, giving around 17% profit for short sellers. On the Daily chart we have successfully made a Morning Star reversal at $55 and are currently trying to make that zone to a higher Low compared to $52 of the Equilibrium range. What about the fundamentals? While we currently have the tanker issues still going on between Iran and Great Britain, it doesn't seem to have a huge impact on the price: The market is not expecting a costly war between those parties. Moreover the market is fundamentally still dictated by weak industrial & manufacturing activity : Supply is still stronger than demand. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
TVC:USOIL
by Edgy_
Crude Oil Intraday Trade Setup. 23/07/19Hi Trader, I have share Crude Oil Intraday Trade Level. Take Profit - 15 - 100++ Pips Stop Loss - As per your risk profile. I need your support for my effort. . To Support - Like, Follow and Comment Thanks for your Support :) For Tomorrow Intraday View and Targets i want 15+ Likes. Trader can share your Ideas, feedback and suggestion in Comments Box. Targets:- For Long:- 56.67 56.87 57.37 57.87 For Short:- 56.08 55.98 55.79 55.69
TVC:USOIL
by Crude_Trader
2
Crude Oil Will GO 95$ .................Hi Traders, What i have see? USOIL formed Symmetric Triangle Pattern as per chart. RSI(7) Indicates me possible upside broken. It take support at trend-line. Once triangle broken price will go upto 95$ Long Target:- $63.58 $76.88 $95.79 Possible Reason for Upside Breakout OPEC+ Production Cut Middle East Tension I need your support for my effort. . To Support - Like, Follow and Comment Thanks for your Support :) You can share your Ideas, feedback and suggestion in Comments Box. Your Comments are Welcome :)
TVC:USOILLong
by Crude_Trader
12
WTI DWTI Oil has reached an important area of resistance. The pair has also formed a Doji on Daily Timeframe. A correction is expected to the next support area of 58.25. This is a counter trade so be very careful as the price could continue to shoot higher specially after it broke the descending trendline and the price is still hovering above support in 4H chart. I am looking to trade it if I see a 4H candle breaking support ( black line on below chart ) but I will exiting the trade if I see any sign of strength
TVC:USOILShort
by MicKi
1
USOIL Price Forecast The main trend is still bullish in the daily chart. WTI crude oil is trading above the major moving averages. Also, RSI at 60 which indicates the bull have the upper hand and Parabolic SAR confirms the bullishness. On the other hand, USOIL could not clear the $60.85 level in the last two sessions last week. It's a Fibonacci retracement level . If USOIL manages to penetrate it a move to the next resistance at $63.77 is expected. In the way down WTI will find supports from the trend line and then from $57.35 level. Since the trend is up these two supports areas may attract the bulls to come. WTI will turn negative if it sinks and close below $56.06 level.
TVC:USOIL
by hroob